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Friday, June 08, 2007

Jim Cramer's Stop Trading June 7th

Dick's Sporting Goods (NYSE: DKS - News): Cramer is bullish on DKS, which is opening 80 new stores and has earnings grwoth "as far as the eye can see." He praises the addition of seasoned retailers Best Buy and Lowe's to the board.
Pepsi (NYSE: PEP - News) and Coke (NYSE: KO - News): Cramer would not interpret PEP's stake in a Ukranian juice company as giving up on America, but as a smart move to continue the company's strong international growth. However, Cramer prefers Coke.
SunTrust (NYSE: STI - News): This $30 billion market cap stock won't remain independent, says Cramer, no matter what happens with its buyback or its stake in Coke.
Goldman Sachs (NYSE: GS - News):"Respect the futures" Cramer cautioned and added allocation trades by pension funds are "overwhelming" the market, at least for the time being. He urges restraint in buying now, even good names like GS which have declined 7 points.
Published by SeekingAlpha

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