Jim Cramer: HP, Walgreens bids helped the bulls triumph over the bears
— a company not even half its size. While the host isn't convinced that Xerox can pull the acquisition off, the details of the potential deal do not matter, he said. The stock surged more than 6% on the news and is up nearly $4 to $19.64 from its October intraday low as of Monday's close.
"The important thing is that HP has gone from ugly duckling to beautiful swan on the strength of what may be a chimerical takeover bid," Cramer said. In other words, you made a fortune if you believed in HP when you really shouldn't have believed in HP."Same goes for Walgreens, who is being targeted by private equity firm KKRCramer noted that the drugstore is loaded with tens of billions in debt, feeling competition from"At this point, it doesn't matter ...
"This market just keeps surprising us with companies that are doing better than anyone could've imagined, or at least their stocks were cheaper than we thought," Cramer said, "and that's a big reason why the bulls are running circles around" the bears.
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