On "Mad Money" on 1/4/07 Jim Cramer talked about his top growth stocks for 2007.
I watched some of Cramer's show while on the stairmaster yesterday at my health club while reading the paper. His antics are a bit much... but he gave some insight about whey he likes these three growth stocks.
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Cramer's number 3 growth stock for 2007 is Cisco Systems (CSCO). "The Cisco of today is not the Cisco of yesterday," he said..
Cramer's number 2 growth stock for 2007 is Apple Computer (AAPL). Apple is up 175% in the last 2 years but that doesn't bother Cramer who said "winners keep winning and "losers keep losing." I was struck by how Cramer is extrapolating the success Apple has had with one product line (iPod and iTunes) to other products as if it is so easy to keep the growth up. Cramer's made this mistake before.....
Cramer's number one growth stock for 2007 is the NYSE Group or NYX. "If you're comfortable taking a few risks to make more and more mad money, NYX is for you." Cramer said the main objective of NYX is to "make money" as if that is something new that nobody else has figured out. He also thinks the analysts have their future earnings estimates too low and they will raise their estimates in the future. Cramer said the NYSE is ready "to conquer the world" and should go to $240.
- NYX currently $98.78
- AAPL currently $85.65
- CSCI currently $28.42
Make sure you read "Cramer's top 10 picks in Feb. 2000" to see how his past picks have done. I think those ten picks in 2000 show why Cramer plays a clown on TV rather than works on Wall Street.
