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By admin | July 31, 2008
You know i have watch Cramer pick stocks to buy and sell for a long time and i think he is getting a bit crazy with his predictions. Cramer everyday tells his viewers to stop trading but in the other hand gives picks of stocks and options to buy and sell everyday its something different based on what the market has already done to the stocks. It would be a great thing if he actually gave us a stock pick that is worth buying or shorting that hasn't already happened. So this is from his show on Wednesday 7/30/08 and i have to laugh every time i look at what he says and what the stock is doing.. But here you judge for your self and make your own decision.
Oil and Gas Calls: Chesapeake Energy (CHK), Transocean (RIG), Cabot Oil & Gas (COG)
Cramer said Donald Hodges, chairman of Hodges Capital Management, actually had a lot of good things to say about Chesapeake Energy earlier during “Street Signs.” Cramer said the money manager was “spot on” for his calls on Chesapeake Energy and Transocean. Speaking on natural gas stocks, Cramer said that “natural gas fell far more than oil” and that “if oil fell that far it would be at $100” “Natural gas has actual demand at the $8 dollar level by the chemical companies.” He said that he bought some Cabot Oil & Gas which is down 50%.
Too Cheap: Owens Corning (OC)
Cramer said that Owens Corning had a stellar quarter. “I love these guys!” he said. “I like the kind of story they are telling.” He said Owens Corning “really blew it away.” Thanks to strong management, this diversified company, which works in insulation but also in wind power, blew away the numbers by cleaning up its balance sheet. “I don't know how this company can stay independent if they keep paying down debt,” Cramer said. “It's too cheap.”
Jones Apparel (JNY)
Cramer said that Jones Apparel was “the only retail apparel company to blow the numbers away.” Cramer commented its CFO, John McClain, has done a “remarkable job of cash management and building a great balance sheet.” He wrapped up by saying, “I continue to believe Jones is too cheap.”
Communications Comments: AT&T (T), Verizon (VZ) Comcast (CMCSA)
AT&T and Verizon Communications may be down, Cramer said but it’s only because of fickle analysts. Comcast has become the content distribution industry’s darling. In the end, “They're all good companies,” he said. But Cramer prefers the 5% yield offered by AT&T and Verizon. “These analysts shift,” Cramer pointed out. Almost any new data point could put AT&T and Verizon back in favor.
Topics: Daily Updates |
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July 31st, 2008 at 9:04 am
[...] Original post by [Technorati] Tag results for stocks [...]
July 31st, 2008 at 9:38 am
[...] Beyond Pesticides Daily News Blog wrote an interesting post today onHere’s a quick excerpt You know i have watch Cramer pick stocks to buy and sell for a long time and i think he is getting a bit crazy with his predictions. Cramer everyday tells his viewers to stop trading but in the other hand gives picks of stocks and options to buy and sell everyday its something different based on what the market has already done to the stocks. It would be a great thing if he actually gave us a stock pick that is worth buying or shorting that hasn’t already happened. So this is from his show on [...]
July 31st, 2008 at 9:54 am
[...] Original post by Financial Market News & Opinions, Forex, Stocks, Futures, Options | GraceCheng.com [...]