Cramer's Stop Trading! Why Is Boeing Flying? (11/16/09)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday November 16.

Merck (NYSE:MRK), Boeing (NYSE:BA), Intel (NASDAQ:INTC), AMD (NASDAQ:AMD), Dell (NASDAQ:DELL), Microsoft (NASDAQ:MSFT), Bristol-Myers Squibb (NYSE:BMY), Immunogen (NASDAQ:IMGN), Exelixis (NASDAQ:EXEL), Allos Therapeutics (NASDAQ:ALTH)

Cramer thinks the fact that Merck (MRK) and Boeing's (BA) stock prices are flying is proof that the general public is trading fixed-income securities for stocks. The companies' fundamentals are not strong enough to explain such an uptick in stock prices. Retail investors, who have been sitting on the sidelines, are finally buying stocks again.

Intel (INTC)'s dividend increase is an indication of the company's confidence. Intel might also have been sending a message to shareholders to have faith in the company which is involved in an anti-trust settlement with AMD (AMD). Cramer thinks margins and earnings are on the rise; "I like Intel here." Dell's (DELL) upgrade was also good news for Intel, and Cramer says Microsoft (MSFT) will go higher and take Intel with it.

Cramer thinks Bristol-Myers Squibb (BMY) CEO James Cornelius is "money in the bank," and predicts Allos Therapeutics (ALTH), Immunogen (IMGN) and Exelixis (EXEL) could be possible acquisitions to extend BMY's blood cancer franchise.


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