Cramer's Stop Trading! 2 Successful IPOs (3/24/10)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday March 24.

MaxLinear (NYSE:MXL), Calix (NYSE:CALX), Lennar (NYSE:LEN), Bank of America (NYSE:BAC), Darden Restaurants (NYSE:DRI), Williams-Sonoma (NYSE:WSM), Phillips-Van Heusen (NYSE:PVH)

MaxLinear (MXL) and Calix (CALX) were two IPOs that saw their shares rise. Cramer's price target for Calix is $18.50 and he would take profits in MXL at $18.55. He was impressed that Lennar (LEN) said it is able to raise prices on homes in California, but was a bit puzzled by Bank of America's (BAC) announcement that it will reduce the principal on some mortgages; "I am trying to get my arms around that," Cramer said. "You don't really know if Bank of America will take you or not."

Darden Restaurants (DRI), Williams-Sonoma (WSM) and Phillips-Van Heusen (PVH) all preannounced better-than-expected earnings, and Cramer says a strong earnings season is ahead.


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