On Tuesday night’s MAD MONEY on CNBC , Jim Cramer added two morefavorite stocks to his favorite stocks, and he keyed in on #5 and #3. Monday he said he was doing only 4 picks this week, but he changedand said it would be 5 picks this week.
His #3 best pick out of foreign stocks is Bank of Nova Scotia (BNS) in Canada, he calls it a cheap way to play Latin and Caribbean growth. His #4 pick in foreign stocks from Monday was CVRD (RIO); here is the logic behind his pick last night; his pick closed up 7% at $32.81 today after he touted it. His #5 pick was NTL Inc. (NTLI-NASDAQ) as a catch-up play and tied it to Virgin. Here was his logic on the rest; NTLI traded up 4% after he commented on it.
Cramer said that the IPO today AeroVironment (AVAV) was a sell at $25.00. He thinks you can buy it back at $22.00 or so. This was one we noted that seemed to high when it gapped up to $25.00 at the open, but rationale and valuations aren’t what rule IPO’s.
Cramer discussed the Tyco International (TYC) split-up coming soon, and he thinks it could be worth 10% to 30% more in the break-up.
Cramer also called the CEO of VF Corp (VFC) after the drop today and Cramer defended the stock by saying the reaction was wrong on Wall Street.
Jon C. Ogg
January 23, 2007
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