July 10th - NWS-A BDX

Cramer brought back his "Pick of the Week" and selected NWS-A News Corporation

NWS
Closing Price: $20.08
After Hours High: $20.49
Percent Increase at High: 2.0%
Price Level Off Point: $20.25
Percent Increase at Level Off Point: 0.8%
Trades on NYSE
Sector: Services
Short %: 1.3%
Days to Cover: 9.2

NWS-A
No After Hours Trades

Sorry....I made a previous post with the wrong stock data. Cramer was very clear to say the stock code was NWS-A but people are bidding up NWS, so the information on after hours price action is for NWS. Cramer did mention GOOGLE in his talk on NWS-A saying it could be at the top of the internet hierarchy with Google and Yahoo!, which is concerning since one of my rules was to not short any stock that Cramer says is "the next Google" or "the Google of X Country". These exact phrases weren't used in this case but I think what was said might have the same effect so I am going to stay away from this one. This one is a bit of a head scratcher now. Since Cramer did say NWS-A are people buying the wrong stock? The stock chart he showed had a price of $19.06 which is the correct closing price for NWS-A and not NWS. Yes NWS-A and NWS are both News Corp so people may start dumping once they realize?

Cramer's next pick was BDX Becton Dickinson & Co. which closed today at $59.86 and is too expensive in my opinion to short off the Cramer recommendation. It is also trading after hours below the high for the day so would also be an ANGO no-short situation.

Finally Cramer mentioned MMM 3M Co. which he said was both a bull and a bear. The segment was about flip-flopping on stock picks and said it is important to do so because news happens all the time. Since this is not a buy recommendation and an expensive stock, nothing to look at here.