Alibaba has been a “home run” with its 40% growth rate, and it sells at a multiple of 30. CNBC’s Jim Cramer thinks the stock could go to $120. He is impressed that Yahoo’s management kept a lot of shares in Alibaba. Amazon isn’t nearly as lucrative as Alibaba.
3M is a core position for many investors. The company has great organic growth; many people thought the stock would get hit on European weakness, since it has significant exposure the Continent. . Cramer was impressed with 3M’s earnings. A research firm cut its estimates for 3M over concerns over the strong dollar. Cramer disagrees; this is a stock worth buying on a decline.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
