Jim Cramer's Stop Trading! 1/9/08: Berkshire Stay Away

Recap of Jim Cramer’s comments on Stop Trading! Wednesday January 9. Click on a stock ticker for more analysis:

Coca-Cola (KO): "Coca Cola said on my show not that long ago raw costs [and] commodity costs actually peaked. ... People are paying much more for those earnings because they're so consistent. ... Coke is going to continue to go higher," Cramer said.

Berkshire Hathaway (BRK.A), Ambac (ABK) and MBIA (MBI): On news that Berkshire insurance executive Ajit Jain is trying to create a short squeeze on ABK and MBI, Cramer dismisses rumors that either company may be bought by Berkshire; "Why open a business and therefore crush your competitors when you want to buy?... Buffett has historically not wanted to buy black boxes."

Google (GOOG), Apple (AAPL): On Google's recent rise, Cramer says Google is a "tell" for the market, and although Google's quarter is good, fundamentals are not responsible for the performance of Google or Apple; "If that were the case, AAPL would be at $200, and GOOG would be at $700."

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Comments

[philleddilphia]

i agree about apple. it looks like a great deal right now in the 170s. time to bulk up and ride it back above 200! :)

curious if anyone feels im wrong?

[ErnieMontague]

Typical Cramer hogwash. Apple is on another one of its tears. When the novelty wears off and people look at earnings instead of sales, it will begin the downward spiral again. Google is the most hyped over bought stock out there.

[ErnieMontague]

notice apple is down twenty points in a little over one week. nice call jim, got any more?