Published On: Thu, Oct 23rd, 2014

Jim Cramer: Alibaba Is Still A Home Run

jim cramer

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.

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