On today’s STOP TRADING segment on CNBC, Jim Cramer has a trade for the weekend: Union Pacific (UNP) is great because it is up after lowering guidance and shows how bullish the market is for secular growth stories like this. Cramer thinks railroads are in an oligopoly and is still going higher. He thinks they have pricing power where the truckers do not.
On Home Depot (HD), today was the first day that they have been a real buyer of the stock and this was the first day they have been a buyer. He thinks they can follow the stock up and the new management will want to keep buying per their buyback plan.
Jon C. Ogg July 6, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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