From TheStreet.Com.
This is what Jim Cramer said about Mastercard YESTERDAY:
There are certain stocks that can make market players 50% of their gains, while other stocks in their portfolio "languish" Cramer said. Microsoft (MSFT - commentary - Cramer's Take - Rating) was one of the stocks that always brought people's portfolios higher. Cramer believes he has found another stock which should do the same -- MasterCard (MA - commentary - Cramer's Take). Although MasterCard has already gone up dramatically, Cramer said he has suggested other stocks that have had big runs as well, such as Research In Motion (RIMM - commentary - Cramer's Take - Rating), Cisco (CSCO - commentary - Cramer's Take - Rating) and NYSE (NYX - commentary - Cramer's Take) People might have missed "40-odd points" in MasterCard, but he believes that this stock still has "major upside." "The IPO was priced way, way too low, so forget that it has doubled," Cramer told viewers. "The stock should have opened at $60, maybe $70." Moreover, MasterCard is an "irreplaceable franchise," he said. "When a company gets "demutualized," it becomes a knocking opportunity. That's what has happened at MasterCard." Plus, not only does it have a "big opportunity in China," but also it "blew out" its earnings estimates with two major upside surprises, Cramer said. MasterCard has "pure organic growth" and "earnings power," he said. "I think this goes to $150."
MasterCard closed at $89.20 on Friday
Saturday, November 11, 2006
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