Jim Cramer’s Stop Trading! – Apple Going To $200
“Don’t short the credit-card companies,” Jim Cramer said on Thursday’s “Stop Trading!” show after Visa (V) and MasterCard (MA) reported solid quarterly earnings reports. Cramer called Visa’s earnings report terrific and he ranked MasterCard not far behind. Visa is his favorite pick because it has a bit better growth and the stock is cheaper. Cramer reiterated his buy call on Wynn Resorts (WYNN) and said the stock could reach $70 a share. “It is just crazy that this stock isn’t up even more after that quarter,” he said. Moving on to the banking sector, Cramer said that “Goldman Sachs (GS) report yesterday was the single best report I’ve seen yet on banking, and he thinks that Bank of America (BAC) is over-reserved.” Cramer mentioned that BAC has a lot of good things going on. In the tech sector, Cramer said the Nasdaq can go much higher and he predicted that Apple (AAPL) will go to $200. Finally, Cramer said that he loves McDonald’s (MCD), but it’s not the right stock here in the same way that Colgate (CL) is not the right stock. Instead, he recommended YUM! Brands (YUM). “This is the one that people want,” and I think it goes right back up,” he said. Join the fastest growing community of small cap investors at Stockhideout.com
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