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By admin | July 24, 2008
Buy Costco (COST)
Jim Cramer said to buy Costco on CNBC's Stop Trading! segment Wednesday. Cramer said it has been “really hurt by the supplier” and that he sees it as a buy. It is “very rarely put on sale,” he said, and investors should think long-term.
Merger of Sirius Satellite Radio's (SIRI), XM Satellite Radio (XMSR)
Cramer said “the merger of XM Satellite Radio and Sirius Satellite Radio's is “going to be a powerhouse.” However, he mentioned, investors have to be careful because it will have to refinance. When host Erin Burnett inquired if satellite radio will survive, Cramer said that the facts indicate that “people do like the product.” “I am willing to speculate with Sirius,” he said.
A Big deal: XTO Energy (XTO)
“XTO does a deal tonight,” Cramer predicted. He said the stock has fallen almost 40 points and that “for even a trade, I'd participate in the darn thing.”
Not a Lot of Bad Loans: Hudson City Bancorp (HCBK)
Moving on to Hudson City Bancorp, Cramer said that the reason this New Jersey-based bank doesn't have a lot of bad loans is that “New Jersey does not have a lot of bad loans.” It “makes you put down a lot of money,” he said, and it's hard to walk away from that.
Topics: Stock Picks |
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