Cramer's Stop Trading! Yahoo Is Not Just a Speculative Play (6/5/09)

Stocks discussed on the Cramer's Stop Trading TV Segment, Friday June 5.

NYSE (NYX), CME Group (CME), Intercontinental Exchange (ICE), Fifth-Third (FITB), Bank of New York Mellon (BK), Travelers (TRV), Yahoo (YHOO)

Cramer thinks NYSE hasn't gotten as much attention as it deserves, especially since volumes in May were "gigantic." While the focus has been on Intercontinental Exchange and CME Group, the rise on NYSE's stock price is based on solid fundamentals. He also likes the company's dividend.

Banks like Fifth Third are performing well after their secondary offerings, but Cramer thinks Bank of New York Mellon has an upside in store. In spite of a "dramatic" improvement in its business, BK has not budged yet, but Cramer thinks it most likely will.

Cramer recommends Travelers for those looking for a safe financial. The company's earnings estimates have increased and it keeps taking market share.

Yahoo is not just a speculation play on a takeover, but is actually worth buying given improvements in the company initiated by new CEO Carol Bartz.

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Comments

[Alfredo Mar...:]

I disagree, Yahoo has been dying a slow death and it will never bounce back. Profits continue to dwindle and market share continues to go down. Speaking anecdotally, who actually even uses Yahoo anymore? Their core business is supposed to be a search engine, and it's a far inferior service to Google.

Yahoo is on borrowed time and will be a forgotten search engine in a few years. They should have taken Microsoft's offer and ran.

Jun 08 05:37 PM