Cramer changes his tune. Last week it was sell XM & Buy SIRI, now it is "well, both are okay".
This guy is more out of touch than Sirius Rich and PCSTEL combined.
Jim Cramer's Real Money Radio Show
Cramer opened his show commenting on the amazing debut of Nymex (NMX). He was surprised the IPO ran so high but recommended investors to buy shares on any pullbacks. He also recommended the New York Stock Exchange (NYX) to all investors who felt they missed the run on Nymex... Home Depot (HD) has bottomed, according to Cramer, but there is no reason to buy the stock. While retailers have improved, Home Depot has lacked reinvention and Cramer said to avoid the stock all together... Cramer laughed at the media when they recommend that investors stay away from the Housing sector. While Housing might be bad, the actual stocks are good, Cramer argued. With the inventory decline and the s harp drop-off in housing starts, Cramer said the bottom is only six months away... One of Cramer's callers was concerned about FedEx's (FDX) impending lawsuit regarding the contractor/employee classification. Cramer told investors to disregard the suit and focus on FedEx's opportunity to increase rates in 2007 and the current, lower crude oil price. He felt FedEx could soon get to a 20x multiple, and a $140 target. With competitors introducing a generic Plavix, Cramer said BristolMyers (BMY) may need to cut their dividend. He told investors to sell shares of BMY right now. Conversely, Cramer recommended that investors buy Starbuck's (SBUX), which sold-off yesterday follow its earnings, as he predicted. Next, Cramer told investors to sell LeapFrog (LF), citing products that were over-promoted and that did not work out as planned. Finally, Cramer said there was plenty of room for both Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) to move higher. Cramer also pu t a one-year, $6 target on Sirius, which would represent a +50% move from these levels.
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