Jim Cramer's Best Blogs
NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- two potential takeover targets that are worth a bet; and
- why secondary offerings have become the new IPOs
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Lively Action for Two Takeover Targets
Posted at 3:10 p.m. EDT on Friday, March 30.
I don't like to traffic in takeover names. Far too often they end up being spoilsports that really hammer you, and you end up losing far more than you have ever gained if you finally hit.
Occasionally, though, you get a stock that's up big on what looks like takeover action that won't kill you if you don't catch a bid. And then, on very rare occasions, you get not one but two potential targets that are worth buying even without a takeover bid.
Today is one of those days. Both Core Laboratories(CLB) and Pioneer Natural Resources(PXD) are up huge today. Until this year's bizarre trading decoupling between stocks and the commodities in the oil patch, we've seen a whole host of mergers that have been terrific for all involved.
We've seen huge deals in both the service side and in the independent oil side.
Maybe it's heating up again. Core Labs is a technology stock that happens to be in the oil business. It tells you how much oil is in the ground before you go wasting millions of dollars. Pioneer Natural is a terrific oil and gas company that I have loved for some time because of its earnings prospects and tremendous growth -- about 75% as of earlier in the year.