Buy Costco, Get Sirius - Cramer's Stop Trading! (7/23/08)
Recap of Jim Cramer's comments on Stop Trading! Wednesday July 23.
Buy Costco (COST)
Cramer says buy Costco - it has been “really hurt by the supplier.” It is “very rarely put on sale,” he said, and investors should think long-term.
Merger of Sirius Satellite Radio's (SIRI), XM Satellite Radio (XMSR)
Cramer said “the merger of XM Satellite Radio and Sirius Satellite Radio is “going to be a powerhouse.” But investors have to be careful because it will have to refinance. When host Erin Burnett inquired if satellite radio will survive, Cramer said that the facts indicate that “people do like the product.. I am willing to speculate with Sirius.”
A Big deal: XTO Energy (XTO)
“XTO does a deal tonight,” Cramer predicted. He said the stock has fallen almost 40 points and that “for even a trade, I'd participate in the darn thing.”
Not a Lot of Bad Loans: Hudson City Bancorp (HCBK)
Moving on to Hudson City Bancorp, Cramer said that the reason this New Jersey-based bank doesn't have a lot of bad loans is that “New Jersey does not have a lot of bad loans.” The bank “makes you put down a lot of money,” he said, and it's hard to walk away from that.
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This article has 4 comments:
Its going to go way high and will keep going higher and higher in coming days and months
A BIG BIG WIN FOR Sirius Stockholders
www.istockanalyst.com/...
Buy stock now... SIRI..
A BIG BIG WIN FOR Sirius Stockholders
www.istockanalyst.com/...
Buy stock now... SIRI..