On today's STOP TRADING segment on CNBC, Jim Cramer said a lot of the rally today was funds putting capital to work. He said it should be called MUTUAL FUND MONDAY.
Cramer noted Four Seasons (FS) last week ahead of this buyout, and he said you don't really just look at it 40-times earnings because they have invested so much. He called this as a Buy last week.
MasterCard (MA) is one where the shorts are scrambling. He said there was a lot of short interest and no float. He said "NEXT STOP $110!"
On Lowe's (LOW) he disagrees with the UBS downgrade today. He thinks the company may rally even if they guide lower and he thinks the downgrade on valuation on LOW is a yawn.
The last stock is Ryanair (RYAAY). Cramer said it was a big positive to bet with Julian Robertson.
Jon C. Ogg
November 6, 2006
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