Stock Tickers: NKE, UA, IBM, CSCO, FDX, ITW, UNH
Today Jim Cramer has a few keys to winning this week on his Wall Street Confidential video from TheStreet.com, although this is more review oriented than forecasts:
Nike’s (NKE) number was fine, but the sense that the future wasn’t telegraphed so well. He said that the stock still rising at then end of the week was a good. He noted that there is still room for Under Armour (UA).
As far as the IBM (IBM) upgrade, Cramer thinks it won’t really rise until the next tech move. He also noted that Cisco Systems (CSCO) is not seeing slowing even though a competing site noted areas of weakness. Cramer isn’t seeing that at all.
FedEx (FDX) gave a negative outlook that was different than many deep cyclicals It’s headed higher. Illinois Tool Works (ITW) didn’t do well on its own, but it is rising on strength in other companies in the group from strong global.
UnitedHealth (UNH) is one that Cramer owns. He said it looked bad but if you drill down farther it looks really good for the second half; although he noted there is some execution risk near-term.
In short, this really felt like more of a review of what has already happened and how the post-news price action would be rather than "predicting what upcoming news stocks will do after they release news."
Jon C. Ogg
April 23, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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