Cramer: Feds Notice an Uptick in Lending?
According to Cramer’s sources “deep within the bowels of the federal government,” there has been a pickup in lending that’s good news for the banks, and the economy as a whole.
Cramer during Friday’s “Stop Trading” said there are “lots of reports coming out” from federal bank examiners noticing an uptick in commercial and industrial loans.
“And I got to tell you,” Cramer said, “it is very bullish.”
In tech, Cramer noticed that Skyworks Solutions and AT&T predicted people will eventually own as many as three cell phones simultaneously. For that reason, management on Skyworks’ conference call said it would push for 300-percent penetration of AT&T’s business.
Cramer thinks Deckers Outdoor, a $2.7 billion company, could reach the $5 billion mark. That’s especially so because the company still has so much room to grow in China.
Lastly, Cramer said that Fluor’s share price will track the price of oil and gas, as that company continues to receive more and more orders from the industry. He likened the stock’s move to a rally it enjoyed between 1981 and 1984, “which was totally based on oil.”
“As oil-and-gas goes up,” Cramer said, “Fluor goes up.”
When this story published, Cramer’s charitable trust owned Fluor.
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