Published: Monday, 4 Apr 2011 | 3:06 PM ET Text Size By: CNBC.com
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International Business Machines has been on a definitive trajectory upward over the last couple of years, and Mad Money host Jim Cramer said on Monday's Stop Trading! the stock will likely move to $200.
"The DNA has changed dramatically at IBM [IBM 164.25 -0.02 (-0.01%) ]," Cramer said. It went from being a big-iron company to being a solutions-oriented company, whether it was software, hardware or consulting."
"It's a $200 stock, Cramer said, adding that it's a very well-run company. He doesn't consider IBM a quintessential tech company anymore, though.
"I think it's a think tank that earns really well," he said. "It's really become a place where people...do a lot of great thinking and advising at IBM. I'm impressed by them. I like the stock. I think it goes to $200. I don't think it's expensive."
Other trades Cramer is watching:
Urban Outfitters [URBN 30.19 -0.16 (-0.53%) ] seems to be getting into an unstoppable spiral and they can't seem to break the fall, Cramer said.
"You miss a couple of quarters, it doesn't matter how good you are...Urban right now is in one of those moments where I don't know how they break the spiral, frankly."
Under Armour [UA 74.55 1.32 (+1.8%) ]UA, on the other hand, was just upgraded by Credit Suisse.
"My old technician friend Justin Mamis used to warn me about this — be careful of upgrades that are about multiple expansion," Cramer said. "I like it to have the earnings to go up, not the multiple. At the same time, though, this is clearly an accelerating growth story, so I can understand why someone wants to buy Under Armour.
"I put them like this: Lululemon [LULU 90.94 1.81 (+2.03%) ], then Under Armour and then Nike [NKE 77.41 0.88 (+1.15%) ]."
Cramer's best cold play:
"I want to reiterate that Walter Energy [WLT 138.52 1.77 (+1.29%) ]is the special cold play that seems to be breaking out," Cramer said.
"Walter's a very inexpensive stock, and I think people get confused because the stock's $138," Cramer said. "They think it's expensive. No. It's not a large-cap company for all the business it has."
Can anyone please answer that question for me? Is our collective memory so short that we can't remember the December 2006 interview where he admitted to using hedgefund capital to manipulate stocks?
I remember sending this Video to every foolish daytrader I knew to show them how they are regularly played by the big fish. He describes quite clearly how if you have a large pool of cash you can just game stocks up or down and then cash out.
"A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. ... It's a fun game," He goes on to describe the practice of fomenting, which is creating a down impression for a stock which he admits is 'blatantly illegal', "but you do it anyway because the Securities and Exchange Commission doesn't understand it."
发表于 2011-4-4 21:09
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发表于 2011-4-4 21:15
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