Mad Money with Jim CramerOn the famous (infamous?) Mad Money show with Jim Cramer the best growth stock of 2007 was announced. The Cramer camp likes the NYSE (ticker: NYX) because:

  • they are replacing their traders with computers, including a removal of 500 people of their payroll in November.
  • Sarbox (Sarbanes Oxley) is “softening” and will allow more ADRs. This means more trading on the NYSE.
  • There is a great amount of value in the real estate that takes up the floor of the NYSE.
  • When they merge with Euronext, their overhead should go down. This should increase operating margins.
  • Analysts estimates are too low according to Cramer. He expects earnings to be at $12 a share in 3 years.
  • Last but not least, the Cramer camp thinks that this stock should go from $95 to $240

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