On today’s STOP TRADING segment on CNBC, Jim Cramer has a pretty tall call: he thinks instead of hoping for a Verizon (NYSE:VZ) buyout that was reported/misreported this morning, you should be buying Sprint Nextel (NYSE:S) as the more likely play to be bought by private equity or by an overseas operator wanting into the U.S. Sprint Nextel (NYSE:S) already has a market cap of $64+ Billion before his call. He thinks that many companies could make this acquisition.
Cramer also said he thinks that Coca-Cola (NYSE:KO) could trade up to $55.00 by week-end after earnings because all the brokers will reiterate their buy ratings after the company beats earnings and raises guidance because of the weak dollar.
Jon C. Ogg
July 16, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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