By Stockpickr Staff
Posted on Nov. 4, 2009
Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer often reminds, investors must do their homework.
So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent RealMoney blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out what he thinks about some of today's newsworthy stocks.
Ford (F): Ford has expanded its convertible debt sale to $2.5 billion from the previously planned $2.3 billion.
In a RealMoney blog post on Monday, Cramer wrote: "Ford puts too much emphasis on Cash for Clunkers for its terrific quarter. I was hoping it would be more positive about innate organic demand."
And on his "Lightning Round" segment that night, he said that "The great news from Ford Motor has got to be great news for Johnson Controls (JCI)."
Hartford Financial (HIG): FBR raised its price target on Hartford to $26 as well as its estimates. The firm rates Hartford market perform.
On his "Mad Money" show last night, Cramer said that Hartford's quarter was a blowout and that at $36 book value, the stock is going higher.
In a blog post yesterday, Cramer said that after guiding book value up, Hartford's "too cheap at $27." He continued: "Hartford has a very clean property casualty business that is worth $36 in solid book. Given that the company's raising book value to that level, it means that the rest of the company's valuation is no longer minus."
Oracle (ORCL): The European Commission could rejectOracle's planned acquisition of Sun Microsystems (JAVA).
On "Mad Money" last week, Cramer told viewers that he'd sell Sun instead of waiting for the Oracle deal to play out.
Cramer wrote in his blog on Oct. 15 that after speaking to close to 500 investors, he'd realized that tech "is still relatively unloved." He said he'd been asking people if they owned Intel (INTC), Microsoft (MSFT), Cisco (CSCO) and Oracle but hadn't had any positive responses. He said he had spoke to people invested in Apple (AAPL), though they'd gotten in much lower.
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(Editor's note: At the time of publication, Cramer owned Cisco and Johnson Controls for his Action Alerts PLUS charitable trust.)
