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Jim Cramer's Stimulus Package & Turnaround Stocks
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On tonight’s MAD MONEY on CNBC, Jim Cramer noted that selling stocks today isn’t a good idea and that this will be good for retail stocks and others too. You have to keep in mind the same-store-sales as the key metric, but here are his retail names he went through:
Cramer actually talked positive about one homebuilder and a mortgage player:
He thinks that takeovers are coming, and he is under the impression that Bear Stearns (NYSE: BSC) may actually get taken over after a huge drop. He thinks it is just too valuable to others. Just FYI, Cramer did discuss this Bear Stearns takeover possibility on TheStreet.com earlier this morning or this afternoon. In short, he thinks that this might merit a reason to stop being so cynical. He wants to buy something in retail and something in banking.
Last week Cramer went value fishing for technology companies that he thought were either overlooked during the meltdown or that had been oversold. Here were his picks in technology:
Jon C. Ogg
January 24, 2008
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