Cramer also returned to his previous call on JPMorgan Chase , pointing to the stock’s move into the mid-$20s. He had said that once JPM passed $22.92, the price at which CEO Jamie Dimon last bought shares, he’d feel more confident about JPM and the market overall. On Monday, JPM was trading near the $24 level.
Cramer told viewers to keep EMC and VMware on their radar screens. He thinks VMware, which is majority owned by EMC, is a likely acquisition target for Cisco Systems or Hewlett-Packard.
“Eventually this has to be a sought-after property by one of these two,” Cramer said.
Goldman Sachs seems to be back on its feet. If so, then why did the company issue FDIC-backed bonds and not preferred shares? Watch the video for Cramer’s answer.
Cramer's charitable trust owns Cisco Systems, Goldman Sachs, Hewlett-Packard and JPMorgan Chase.
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