Banking, finance, and taxes
Cramer Calls A Bottom & Gives Play Book Picks (C, CVS, COST, GES, JCG, IBM, DD)
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On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks that the move was too quick and he wouldn’t be surprised if we pull back over the next couple of days. When you see the action like this the financial stocks and the retailers that have been the most bettered become the best places to jump in. Here are his play book picks from retail stocks and financial stocks as the sector rotation trades comes into play:
He also wants to pick stocks with no earnings risk that have already pre-announced better earnings:
Last week Cramer went value fishing for technology companies that he thought were either overlooked during the meltdown or that had been oversold. Here were his picks then:
Jon C. Ogg
January 23, 2008
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