Jim Cramer's Stop Trading! 12/18/07: Best to Buy BBY
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Recap of Jim Cramer’s comments on Stop Trading! Tuesday December 18. Click on a stock ticker for more analysis:
Goldman Sachs (GS): Cramer regards GS as the king of financials because it performed well in a dismal environment, and adopted the strategy of strong sector leaders; "buy back stocks and appease all critics." Cramer predicts GS will earn $30 in the coming year. He was shocked that people sold GS stock after such a victory; "This is the worst quarter that I've ever seen and they still made a lot of money. ... Who else is buying stock? Everyone else is offering stock. ... They don't even need the Fed."
Verizon (VZ), Comcast (CMCSA): Cramer praises VZ as a safe stock that is growing; "It's gotten control of its business….most of this business didn't exist four years ago… Who would have thought that kids would watch our programs ... on a handheld?" He prefers VZ's dividend and its strength over Comcast, which is struggling.
Best Buy (BBY), Circuit City (CC): Cramer said BBY reported a "beautiful quarter" and was amazed by the negativity it elicited. He called CC a "value trap" and said "Wait till Friday when Circuit City reports…Best Buy just goes through the roof."
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