Cramer's Stock Plays Off The Magellan Fund
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Date updated:01-17-2008

Jim Cramer looked at some of the names in Fidelity's newly reopened Magellan fund on CNBC's "Stop Trading!" segment Monday. "I've known Harry Lange for close to 20 years. ... He's a fabulous manager," Cramer said. What's more, "Harry's names are so right given the selloffs that we've had."

symbol name last price % change open
  • +
  • NOK
    Nokia Corp.
  • $16.15
  • 0.00%
  • $16.40

Cramer believes one of the fund's names, Nokia (NOK), is underrated. "Nokia just went down ... under a misperception that it was getting killed. Nokia is the winner."

People owning NOK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: C What is this?

  • +
  • GOOG
    Google Inc.
  • $428.40
  • +0.43%
  • $426.74

Cramer added that search behemoth Google (GOOG) is "just resting" ahead of its earnings report.

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B- What is this?

  • +
  • GLW
    Corning
  • $15.51
  • 0.00%
  • $15.61

Of Corning (GLW), Cramer said "Everyone is panicking." Cramer owns Corning for his charitable trust, Action Alerts PLUS.

People owning GLW also tend to own: AOBCOGOCRYPGELGRMNGSMDRX

TheStreet.com Rating: C What is this?

  • +
  • SPLS
    Staples
  • $21.77
  • +0.55%
  • $21.62

Cramer couldn't get behind all of Magellan's names, however. "The one that is the true glass-half-full for him and half-empty for me is Staples (SPLS). I just don't like retail at all."

People owning SPLS also tend to own: AUYBPCSEKEYLMTLUNAPEG

TheStreet.com Rating: B- What is this?

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