Cramer's Stop Trading! We Are Heading Toward a One-World Exchange (3/4/11)

Includes: AAPL, CRM, GS, NYX
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday March 4.

Goldman Sachs (NYSE:GS), New York Stock Exchange (NYSE:NYX), Apple (NASDAQ:AAPL), (NYSE:CRM)

Cramer thinks $65 billion is a good price for Facebook, even though it is well beyond the amount estimates for Twitter, since Facebook represents 600 million people. "They could make more revenues than almost any company that is in business in technology." The advantage of Facebook is its multiple applications.

Goldman Sachs (GS) CEO Lloyd Blankfein's agreement to testify in Raj Rajaratnam's trial is not a sign of association; it is merely an indication that the government asked him to testify and he agreed. Cramer said it of course would be a bigger story if he said, "I'm not going to do it, come get me."

Cramer thinks the New York Stock Exchange's (NYSE) merger with Euronext is an important step that will enable people to realize how important it is to diversify internationally; "The focus is on cash generation and world dominance....we are heading toward a one-world exchange...I think Beijing is next."

While skepticism about's (CRM) continued growth is "thick," the switch to Apple (AAPL) demonstrates why Salesforce has such a high valuation, given its strong relationship with Apple. "You have to be in the room with the customers to find out why that story is better than you realize," Cramer said.


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