No doubt NYSE Euronext has been a disappointing stock to own. It certainly haunted Cramer for much of 2007. But a better-than-expected quarter reported on Feb. 9 may signal a turn.
NYSE delivered a 10-cent earnings beat, thanks to stronger revenues. Cramer seems to think the company is growing beyond simple equities trading and moving into derivatives and options, which right now are a global growth story. If that’s the case, then NYX might finally be a buyable stock, especially with that 4.2% dividend yield.
There is at least one entity that disagrees with the Mad Money host, namely Moody’s, which downgraded NYSE’s long-term debt rating. The move made Cramer question his optimism. To get a better understanding of the company’s situation, he invited CEO Duncan Niederauer onto the show. Watch the video for the full interview.
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