Jim Cramer’s 2007 Growth Stock Pick is NYX
Published January 4th, 2007 in Financial Tidbit, Investing
On 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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