This morning Credit Suisse came out with a report and upgraded
XM Satellite Radio
, saying that the company has lowered its expectations to the point where it might be able to beat them, Jim Cramer said on his
"RealMoney" radio show Thursday.
Credit Suisse also said that a merger between XM Radio and
is possible, Cramer said.
"Sirius and XM Radio are slaughtering each other to gain more customers," he said. "This battle hurts both companies."
The two companies "have very little downside and a lot of upside" if they combine, Cramer said.
Human nature is quite predictable, he said, in the sense that when gas was "going through the roof," people were complaining and moaning. But now with the current gas pump prices, there are no more complaints.
"OPEC has found the level of oil production at around $60 a barrel that makes many of the alternative energy projects just too dicey," Cramer said.
However, he wishes it had remained at $70, because that would have forced the U.S. to develop alternative sources to oil, in which case,
would have both been great long-term buys.
Cramer said he wants his listeners to keep in mind that the drop in oil has hit infrastructure and alternative energy plays. Natural gas has also been hit, he said.
Whereas last year the natural gas bill in the country "went nuts and cut back all of consumer spending," this year, the opposite is happening, Cramer said, adding that for now, people shouldn't "own anything that is drilling natural gas."
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