Recap of Jim Cramer’s comments on Stop Trading! Tuesday January 9. Click on a stock ticker for more analysis:
Apple (NASDAQ:AAPL): Cramer likes Apple, but since its iPhone will cost $599 including a two-year Cingular contract, he says he "needs to know more" before buying it up 7% at $91.58.
Nike (NYSE:NKE), American Eagle (AEOS), K-Swiss (NASDAQ:KSWS), Abercrombie & Fitch (NYSE:ANF): According to value investor Bob Olstein's inventory information, Cramer says it is a good time to buy Nike and AEOS and to sell K-Swiss and Abercrombie. He added that Nike had a stellar quarter, AEOS "has the mojo" and that Olstein's research is "money in the bank."
Norson (NASDAQ:NDSN), Alcoa (NYSE:AA): Cramer says that anyone who stays invested in Latin America after Hugo Chavez, President of Venezuela, announced plans to nationalize energy and telecom is a "pig." In spite of its history of dividend raising, Cramer says he would have to do homework before recommending NDSN. Concerning news of big earnings in Canada's aluminum sector, Cramer added that Alcoa can wait.
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