Recap of Jim Cramer’s comments on Stop Trading! Monday October 8. Click on a stock ticker for more analysis:
Sovereign Bancorp (SOV): Cramer agrees with a Friedman Billings Ramsey analyst who cut his estimates for SOV and added, "It's one of the few that I can't get behind here. I can't think of a reason to own that one." Cramer went on to say its owner "won't let anyone in."
Google (GOOG): Cramer reiterated his prediction that Google will reach $701 from $600 and asked "Why a 30 multiple when it's got 33% growth?'
Garmin (GRMN): After an upgrade by AmTech/JSA Research, Cramer said "It's going to be a "Garmin Christmas. Own this thing to Christmas, but then you have to sell it."
BEA Systems (BEAS): Reassuring his viewers that Carl Icahn is not a "dingbat" for raising his stake in BEAS, Cramer discussed the company's Chinese exposure and potential to make profitable acquisitions.
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