Monster (MWW) Less Scary as Economy Shapes Up - Cramer
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Price: $3.41 --0%
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Monster Worldwide (NYSE: MWW) shares are looking strong Tuesday following bullish comments from market pundit Jim Cramer on last night's Mad Money.
After admitting he got behind Monster "too early" in April, Cramer said the "time is right" as recent employment numbers are in the rearview, and only the future matters now. Cramer noted, after getting off to a weak start in June, positive indicators later in the month could spell a windfall for Monster.
Short interest is high on Monster, and rightfully so; the stock is down 39 percent through the first six months of 2011. Should the shorts end up being wrong moving through the second half of the year, however, a massive short squeeze could happen, benefiting those long the stock.
Cramer said Monster is shaping up to be a potential takeover target by companies like LinkedIn (NYSE: LNKD), Yahoo! (Nasdaq: YHOO) or eBay (Nasdaq: EBAY). Notably, Gannett (NYSE: GCI), which runs CareerBuilder, wasn't on the list of potential acquirers.
Shares of Monster are already up 2.4 percent in early-morning action Tuesday. The stock last traded at $14.26.
After admitting he got behind Monster "too early" in April, Cramer said the "time is right" as recent employment numbers are in the rearview, and only the future matters now. Cramer noted, after getting off to a weak start in June, positive indicators later in the month could spell a windfall for Monster.
Short interest is high on Monster, and rightfully so; the stock is down 39 percent through the first six months of 2011. Should the shorts end up being wrong moving through the second half of the year, however, a massive short squeeze could happen, benefiting those long the stock.
Cramer said Monster is shaping up to be a potential takeover target by companies like LinkedIn (NYSE: LNKD), Yahoo! (Nasdaq: YHOO) or eBay (Nasdaq: EBAY). Notably, Gannett (NYSE: GCI), which runs CareerBuilder, wasn't on the list of potential acquirers.
Shares of Monster are already up 2.4 percent in early-morning action Tuesday. The stock last traded at $14.26.
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