Jim Cramer's Mad Money Stock Recap Mar. 27
Altria (NYSE: MO - News), Level 3 Communications (NasdaqGS: LVLT), NYSE Group (NYSE: NYX - News)
Cramer revisited his top 3 stock picks for 2007, noting MO is down and NYX hasn't moved yet, but reiterating his bullishness on all three. He explained NYX is crushed because of arbitrage pressure, since investors have been selling NYX and buying Euronext to make an "itsy bitsy" profit from the merger. But with next week's closing on the deal, NYX will be "kicking and screaming" and those "bum analysts" will have to raise estimates. Cramer would buy NYX before the analysts capitulate and ahead of a short squeeze. "At $93 and change, I see NYX jumping back to at least its 52-week high of [more than] $110 a share," he said.
Benefit of the Doubt: Myron Ullman of J. C Penney (NYSE: JCP - News), Terry Lungren of Federated Department Stores (NYSE: FD - News)
Continuing his series on CEOs who deserve the benefit of the doubt, Cramer said those who believed Myron Ullman when he said JCP would recover from its troubled quarter made some money, as the stock was downgraded to $77, but has recently bounced to $81. He believes JCP is "heading to new highs" and suggests staying with the stock the next time it gives a lackluster number. When Terry Lungren said FD's big miss last year would not happen again, Cramer was "wracked with indecision" and eventually abandoned the stock. However, those who were loyal to Lungren profited.
Harris Stratex Networks (NasdaqGM: HSTX) and Harris (NYSE: HRS - News)
Cramer did some homework when asked about HSTX and he said the parent company, HRS is a better stock, suggested selling the child and buying the parent, which has a mix of very strong businesses, including government communications systems, RF communications and broadcast. Recently HRS was awarded a $600 million contract from the U.S. Census Bureau for field data collection automation and is the "best play on Earth for the penetration of HDTV," Cramer said.
CEO Interview: Vincent Sollitto, the CEO of Syntax-Brillian (NasdaqGM: BRLC)
Vincent Sollitto said business is "booming" with the company's Target sales and marketing campaign, and product reviews which are creating demand. When Cramer asked if BRLC is being hurt by housing, Sollitto responded that since people are holding onto their homes, they are more likely to remodel and there has been "tremendous" activity in the home theatre market; "I think it is a great time for us." Cramer is bullish but declined to give two thumbs up because BRLC is very speculative.
Published By SeekingAlpha
Cramer revisited his top 3 stock picks for 2007, noting MO is down and NYX hasn't moved yet, but reiterating his bullishness on all three. He explained NYX is crushed because of arbitrage pressure, since investors have been selling NYX and buying Euronext to make an "itsy bitsy" profit from the merger. But with next week's closing on the deal, NYX will be "kicking and screaming" and those "bum analysts" will have to raise estimates. Cramer would buy NYX before the analysts capitulate and ahead of a short squeeze. "At $93 and change, I see NYX jumping back to at least its 52-week high of [more than] $110 a share," he said.
Benefit of the Doubt: Myron Ullman of J. C Penney (NYSE: JCP - News), Terry Lungren of Federated Department Stores (NYSE: FD - News)
Continuing his series on CEOs who deserve the benefit of the doubt, Cramer said those who believed Myron Ullman when he said JCP would recover from its troubled quarter made some money, as the stock was downgraded to $77, but has recently bounced to $81. He believes JCP is "heading to new highs" and suggests staying with the stock the next time it gives a lackluster number. When Terry Lungren said FD's big miss last year would not happen again, Cramer was "wracked with indecision" and eventually abandoned the stock. However, those who were loyal to Lungren profited.
Harris Stratex Networks (NasdaqGM: HSTX) and Harris (NYSE: HRS - News)
Cramer did some homework when asked about HSTX and he said the parent company, HRS is a better stock, suggested selling the child and buying the parent, which has a mix of very strong businesses, including government communications systems, RF communications and broadcast. Recently HRS was awarded a $600 million contract from the U.S. Census Bureau for field data collection automation and is the "best play on Earth for the penetration of HDTV," Cramer said.
CEO Interview: Vincent Sollitto, the CEO of Syntax-Brillian (NasdaqGM: BRLC)
Vincent Sollitto said business is "booming" with the company's Target sales and marketing campaign, and product reviews which are creating demand. When Cramer asked if BRLC is being hurt by housing, Sollitto responded that since people are holding onto their homes, they are more likely to remodel and there has been "tremendous" activity in the home theatre market; "I think it is a great time for us." Cramer is bullish but declined to give two thumbs up because BRLC is very speculative.
Published By SeekingAlpha
Labels: BRLC, FD, HRS, HSTX, JCP, Jim Cramer, Mad Money, NYX
posted by Stock Administrator @ 9:47 AM
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