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Stop Trading!: Navigate with Magellan


Fidelity’s legendary Magellan Fund , set to re-open this week after being closed to new investors for over a decade, is “so right” given current market conditions, Cramer said on Monday’s Stop Trading!.

Harry Lange, the fund’s manager, told CNBC that he is bullish on tech despite last week’s Nasdaq sell-off. Tech stocks rose sharply Monday after IBM announced better-than-expected profit.

Magellan’s holdings include Nokia , Corning , Google , Staples and Canadian Natural Resources . Cramer said he was bullish on all but Staples. Retail is still too dicey to own anything but best-of-breed, Cramer said. Costco remains one of the few retailers he recommends.


Jim's charitable trust owns Corning.

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Symbol
Price
 
Change
%Change
CNQ
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COST
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FMAGX
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GLW
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IBM
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NOK
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SPLS
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GOOGL
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