JPMorgan lifted its 2009 price forecasts for gold and silver on Friday and said new record highs for gold at $1,050-1,100 were likely in early 2010.
In a research note, the bank said it has revised its 2009 price view for gold up to $948 an
AP
ounce from $939 an ounce predicted in July. It said [...]
Jim Cramer says this is his favorite soft good name and it’s misplaced to short a growth staple like Pepsi.
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Cramer says don’t follow Buffett based on Buffet’s new holdings:
-Slashed its holdings in Johnson and Johnson [JNJ] to just 28.6 million shares as of December 31
-Smaller cuts in ConocoPhillips [COP], CarMax [KMX], US Bancorp [USB], Buffett wasn’t just selling in the fourth quarter. Berkshire increased these holdings:
-Increased holdings in NRG [...]
Believes China (FXI) is the first to recover from government actions including the stimulus program.
Jim Cramer and Stephanie Link, director of research for Cramer’s Action Alerts PLUS portfolio, are still overweight staples.
tephanie Link, director of research for Cramer’s Action Alerts PLUS portfolio, says the company’s long-term story is still intact. But she details on the trade.
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