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Stocks to watch.(J. Crew Group Inc., Verizon Inc., Martha Stewart Living Omnimedia Inc.)(Brief article)
Crain's New York Business, December, 2006
TV Mad man Cramer spurs J. Crew with on-air nod to retailer's shares Mickey Drexler, chief executive of apparel retailer J. Crew Group, got an early Christmas present last week when CNBC host Jim Cramer recommended the stock as a "buy'' on his television show, Mad Money. He praised the company's operating margins and said that its same-store sales will probably improve.
The stock price, which has been rising since November, jumped immediately upon Mr. Cramer's comments. Everybody knows that Wall Street hates companies that think big and sacrifice short-term profits for long-term gains. That's why so many labeled Verizon, which is spending billions on its high-speed fiber system, a sure loser. Oops. Verizon's shares are up about 20% this year. Cynics say...
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