Jim Cramer’s ‘Stop Trading’: PG, HPQ, CHK
“Despite a spate of good earnings reports, there is ennui in the market,” Jim Cramer said on CNBC’s “Stop Trading!” segment. Cramer pointed out that Procter & Gamble Company (NYSE:PG) announced it expects 2010 earnings in the range of $3.53 to $3.63 a share on an adjusted basis. That would represent a 4.6% long-term growth forecast. Plus, the company is sitting on a ton of cash and will soon launch a stock buyback program. Regardless. the stock is underperforming. Another example is Hewlett-Packard Company (NYSE:HPQ). The company reported a 25% surge in fourth-quarter earnings, boosted by cost cuts and sales of personal computers. “That should be a sit-up and take notice situation,” Cramer said, ” but it wasn’t.” Also, Cramer mentioned, another example is Chesapeake Energy Corporation (NYSE:CHK). The company hit it out of the park when it reported a narrower fourth-quarter loss, but the stock only went up 49 cents. “No one seems to care about these great earnings’ reports,” Cramer said. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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