*SCALPSWINGSTRADDLE*

[madrose1]

Cramer likes Sprint , tonight my $FB prediction of $25 came true & ultimate target of $22.50 almost all in one night , eod you could see tons of block selling positioning at 27.40 even with this hair-cut, $FB is still trading @ 2x's $GOOG price to sales , fair price would be around $16-$18 .

(NFLX the no money maker & sub slowdown artist barely bounced eod , even lost ground , post toastie great call !)

Cramer thinks Sprint goes higher


Jim Cramer tried to make sense of the Thursday's dramatic turnaround and rally. Cramer said when you least expect it, that's when the markets always move. Cramer said that caution still remains the watch-word for these fickle markets. What Europe giveth it usually takes away a few days later, he reminded viewers. He said that Germany's Angela Merkel will likely pull the rug out from under the markets before the weekend's done, but until then investors should enjoy the gains.
http://www.thestreet.com/story/madmoneywrap.html?cm_ven_int=subnav

EXECUTIVE DECISION: Cramer sat down with Michael Ward, chairman, president and CEO of CSX (CSX), the railroad operator that delivered an earnings beat of 2c thanks to a strengthening U.S. economy. Outside of coal, Ward painted a rosy picture, noting that auto shipments rose 27% and nearly 80% of CSX's other markets are stable to improving. Even in the lumbering forest products industry, which is closely tied to the housing markets, is showing slow but steady growth. Chemicals, natural gas and oil shipments are also rising. Cramer called CSX a cheap stock and one that's not yet done going higher. Cramer also spoke with Joe Almeida, chairman, president and CEO of Covidien (COV), the biotech firm that's spinning off its lagging pharmaceuticals business to unlock the full value in its red-hot medical device segment. Covidien beat Wall Street estimates by 1c on a 2.8% rise in revenue. Cramer continued his support for Covidien given the company's good balance sheet, extensive research and development and great product portfolio. He said that when Europe knocks the markets down, stocks like Covidien are the ones investors should be buying on the cheap.

NO HUDDLE OFFENSE: Cramer said Sprint Nextel (S) was all but forgotten by Wall Street, but this $2 stock has made a number of smart moves and has clawed its way back to over $4 a share. He said the recent moves in Sprint will force analysts to take notice, which is why he expects shares to continue their march higher.


Shares of social gaming company Zynga (ZNGA) however, remind us of everything that's wrong with the markets, said Cramer. He said it's almost impossible for companies to recover from a $2 share price, something both Nokia (NOK) and Radio Shack (RSH) can attest.

In his closing comments, Cramer said Facebook (FB) delivered horrible numbers with decelerating revenue. Starbucks (SBUX) also delivered slowing sales, but Cramer said that doesn't mean the company is down and out forever. Finally, Amazon.com (AMZN) delivered a great quarter and remains Cramer's favorite out of the three companies.

LIGHTNING ROUND: (Bullish) ALGN; AAPL; CRM. (


Bearish) LPL; K; HSY; SCSS; FFIV. Reference Link :