Jim Cramer's Stop Trading Jan. 24th
In light of this, Cramer named some potential buys for the Middle Eastern holding company.
Dubai is "the only place that's got capital in the whole world," Cramer said. Potential takeout targets include clothiers Jones Apparel (JNY), Liz Claiborne (LIZ), Nordstrom (JWN) and Gap (GPS).
"This is a guy who might go to a Lucky or a Juicy Couture and say, 'Hey, I like this company,' and buy it," Cramer added. "They bought Barneys from Jones, why not buy the rest of Gap?" Cramer also said that Saks (SKS) may in Dubai's sights.
Over in the defense sector, Cramer said he wishes Northrop Grumman (NOC) would do better because the company's CEO, Dr. Ronald D. Sugar "is so good."
Although Northrop is an interesting company, Cramer continues to believe Raytheon (RTN), which he owns for Action Alerts PLUS is the best in the sector and the cheapest of the defense stocks.
Cramer also had a prognosis for the broader economy after representatives Nancy Pelosi and John Boehner announced passage of an economic stimulus package today.
"I know that people are cynical and think that nothing can ever be huge. ... Money in your pocket will matter. ... Mortgage companies not going under will matter. Sometimes they get it right," Cramer said. "It's monumental that you get fed cuts and you get the stimulus."
Overall, Cramer endorsed the package. "There's a lot of sectors that have been horrible that have been moving," he said.
He cautioned that in light of the positive news, it's possible that the Federal Reserve decline to cut rates again when it meets next week. If they don't cut, Cramer said, "For those that haven't bought yet, you're going to get a good opportunity," as the market will likely react poorly to such news.
Published By TheStreet.com
Dubai is "the only place that's got capital in the whole world," Cramer said. Potential takeout targets include clothiers Jones Apparel (JNY), Liz Claiborne (LIZ), Nordstrom (JWN) and Gap (GPS).
"This is a guy who might go to a Lucky or a Juicy Couture and say, 'Hey, I like this company,' and buy it," Cramer added. "They bought Barneys from Jones, why not buy the rest of Gap?" Cramer also said that Saks (SKS) may in Dubai's sights.
Over in the defense sector, Cramer said he wishes Northrop Grumman (NOC) would do better because the company's CEO, Dr. Ronald D. Sugar "is so good."
Although Northrop is an interesting company, Cramer continues to believe Raytheon (RTN), which he owns for Action Alerts PLUS is the best in the sector and the cheapest of the defense stocks.
Cramer also had a prognosis for the broader economy after representatives Nancy Pelosi and John Boehner announced passage of an economic stimulus package today.
"I know that people are cynical and think that nothing can ever be huge. ... Money in your pocket will matter. ... Mortgage companies not going under will matter. Sometimes they get it right," Cramer said. "It's monumental that you get fed cuts and you get the stimulus."
Overall, Cramer endorsed the package. "There's a lot of sectors that have been horrible that have been moving," he said.
He cautioned that in light of the positive news, it's possible that the Federal Reserve decline to cut rates again when it meets next week. If they don't cut, Cramer said, "For those that haven't bought yet, you're going to get a good opportunity," as the market will likely react poorly to such news.
Published By TheStreet.com
Labels: Jim Cramer
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