Jim Cramer's Mad Money Stock Recap June 1st
A Safe Bet: Navteq (NYSE: NVT - News), Google (NasdaqGS: GOOG - News), Microsoft (NasdaqGS: MSFT - News)
Cramer confesses his pick this speculation Friday isn't such a wild speculation, since it seems obvious NVT will be bought out by someone. "This $4 billion company, the No. 1 supplier of digital maps used in navigation systems, location-based services and geographic information systems, has been acting like deal bait," he said. Rumors that Google will buy NVT have brought up the stock, and when this happens, a stock usually does not drop even if the rumored acquisition doesn't take place, notes Cramer. However, Google has already indicated its interest in buying NVT, and MSFT, desperate to compete with the internet giant, might also make a bid. "Takeovers aside, Navteq is the big winner from the increased demand for in-car navigation," Cramer said.
Cramer confesses his pick this speculation Friday isn't such a wild speculation, since it seems obvious NVT will be bought out by someone. "This $4 billion company, the No. 1 supplier of digital maps used in navigation systems, location-based services and geographic information systems, has been acting like deal bait," he said. Rumors that Google will buy NVT have brought up the stock, and when this happens, a stock usually does not drop even if the rumored acquisition doesn't take place, notes Cramer. However, Google has already indicated its interest in buying NVT, and MSFT, desperate to compete with the internet giant, might also make a bid. "Takeovers aside, Navteq is the big winner from the increased demand for in-car navigation," Cramer said.
Labels: GOOG, Google Inc., Microsoft Corp., MSFT, Navteq, NVT
posted by Stock Administrator @ 7:32 AM
0 Comments:
Post a Comment
<< Home