Jim Cramer's Stop Trading April 16th
HSBC (NYSE: HBC),Wachovia (NYSE: WB ), Washington Mutual (NYSE: WM), and Countrywide (NYSE: CFC): News Saudi investor Maan Abdulwahed Al-Sanea bought a 3% stake in ailing bank HSBC is a "wake up call" for the bears and a signal to take another look at banks. HSBC had been "the most hobbled of the international banks," with its abundant write-offs, bad loans and the subprime crisis. Cramer likens the scenario to prince Alwaleed's massive purchase of Citi in 1991 before the stock rose to 20 fold. Cramer declared "open season" on similar but better banks such as WB, WM and CFC.
Polo Ralph Lauren (NYSE: RL), Coach (NYSE: COH): Cramer applauds RL CEO Roger Farah for his superb handling of sluggish overseas licenses. His "class 'em up" strategy could give Coach a run for its money, and applying Coach's multiple of 30 times earnings to RL would make stock jump to $110 to $115 from $96.50.
Polo Ralph Lauren (NYSE: RL), Coach (NYSE: COH): Cramer applauds RL CEO Roger Farah for his superb handling of sluggish overseas licenses. His "class 'em up" strategy could give Coach a run for its money, and applying Coach's multiple of 30 times earnings to RL would make stock jump to $110 to $115 from $96.50.
Labels: CFC, COH, HBC, Jim Cramer, Jim Cramer's Stop Trading, RL, WB, WM
posted by Stock Administrator @ 12:55 PM
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