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Cramer Reviews 2007 Into 2008 (AUY, ABX, BMRN, HAL, AAPL, MO, SVNT, RIMM, GOOG, AMZN, RAD, LVLT, NYX, CSCO)
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On tonight’s MAD MONEY on CNBC, Jim Cramer kicked off 2008 by being somewhat cautious on the volatility in 2008. Cramer said he wants to Add gold to the portfolio with Barrick Gold (NYSE: ABX) for speculative gold and Yamana (NYSE:AUY) growth gold. Cramer did review TOP 9 PICKS FOR 2007 and showed that if you contain your losses you can make money since the 9 picks he said were up 16% collectively. He wants to contain losses and let the winners win:
Cramer did say that BIOTECH is the sector to speculate in during 2008, although he notes that with large rewards you can expect large risk. He noted that his pick of Savient (NASDAQ:SVNT) and then the trade out into BioMarin (NASDAQ:BMRN) turned more than a 70% gainer there.
If you want to see our consolidated summary with our top Cramer coverage with all of his various lists of 2007 stocks that are being updated in the coming days you can see that here. This morning he said that he sees agriculture and solar continuing to win, and his best sector for 2008 was just listed as oil & gas. He also said he wouldn’t be a seller of Apple (NASDAQ:AAPL) because of the 30% earnings growth that only a handful of companies have; he’s still positive on three of his Four Horsemen of Tech Research-in-Motion (NASDAQ:RIMM) and Google (NASDAQ:GOOG), although he’d sell Amazon.com (NASDAQ:AMZN) above $100.00.
Jon C. Ogg
January 2, 2008
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