Cramer Gets His Bonus
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Cramer Gets His Bonus
When the banks win, he wins.
By Caitlin McDevitt and Karim Bardeesy
Posted Friday, July 17, 2009 - 4:07pm
Update, June 19, 4:15 p.m. ET: The Obama administration announced a big overhaul of financial regulations this week, but some banks don't seem too bothered. The two financial stocks that we've been watching, JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC), have remained relatively unchanged. Those two stocks are carrying Cramer's basket, which is now worth only a smidgen more than its January purchasing price. Meanwhile, our portfolio has risen 44 percent since the inauguration. Recently, it's been boosted by increasing buzz around the smartphone market. BlackBerry-maker Research In Motion (RIMM), posted a 33 percent increase in profits for the first quarter this week. And, its main competitor, Apple (AAPL), started selling the latest iPhone this morning. Analysts predict that Apple will sell at least half a million iPhones over the weekend.
The Big Money: $14,480.03 (up 44.8 percent since the inauguration).
Cramer: $10,539.93 (up 5.39 percent since the inauguration).
Update, June 12, 4:30 p.m. ET: The company that makes President Obama's beloved BlackBerry smart phone, Research In Motion (RIMM), also seems to be a smart investment. Shares jumped this week, thanks to upgraded analyst predictions for next week's earnings report. Its stock is up 61.36 percent since the inauguration. Another smart phone heavy-hitter in our basket of stocks, Apple (AAPL), saw gains this week, too. On Monday, at the annual Worldwide Developers Conference, Apple announced a new version of the iPhone, called the iPhone 3G S, which it will start selling next week.
The Big Money: $14,882.23 (up 48.82 percent since the inauguration).
Comments
Father's Day gift
Father's Day is now approaching. You need to go out and get a Father's Day Gift. You spent more time thinking about what you were getting for Mother's Day – admit it – and you should do more for the other person who gave you life. (It takes two to tango, so to speak.) The role of the father is just as important, and getting a few holiday gift ideas, maybe some advance loans to do something nice for dear old Dad would be a great idea. (Mom didn't teach you how to do a brake job, change a flat, or use power tools, now did she? Fess up!) Some short term loans to do something nice or a great Father's Day gift would be well spent.
Spam from AnyC
Andy, Father's Day "now" approaching? Which country/planet? Promoting business in the comments section is forbidden.