On today’s STOP TRADING segment on CNBC, Jim Cramer focused on Dell inc. (DELL) again. He is very positive on the company and he thinks Michael Dell is the real deal. Last night he said this is just the beginning for Dell. Cramer said in cell phones the only buy is Nokia (NOK). EMC (EMC) is the best storage play since the company has decided to break itself up, and he said EMC is going to $20.00.
Cramer is also sticking with Sears Holdings (SHLD), although this is obviously not tech. He said that while there was no buyback of shares in the quarter but the company did repurchase shares in may after the quarter ended. He is staying a believer, and still thinks that Eddie Lampert is the next Warren Buffett.
Jon C. Ogg
June 1, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.