Stock Tickers: CAT, BDK, ASD
Cramer discussed a group of cyclical stocks that are oversold at the economic peaks. When that happens you can take a shot. One is Caterpillar (CAT) and you can see it fell off the cliff after the economy peaked back in May-June. Cramer said the present prices dictate that it is worth buying because the stock actually went up after the last earnings that was perceived as a miss. Cramer said the same happened on Black & Decker (BDK) today. American Standard (ASD) is one that he thinks will do the same on Thursday.
Jon C. Ogg
January 30, 2007
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