Cramer had many picks this week, here is an abbreviated list:
On Friday evening he started out telling investors that they need to own Caterpillar (CAT) and he even went in and gave a vote of confidence for a biotech zombie called Nastech Pharmaceuticals (NSTK).
On Friday’s Stop Trading segment on CNBC, Cramer came out with his picks he likes in each commodity sector.
He also panned many newspaper stocksand this will one was powerful enough that it would make anyone wonderwhy private equity firms are interested in them even after a drop.These names took a beating.
On Thursday evening Cramer named off a dozen or so names for his special Thursday SELL BLOCK, although he was still positive on some of these. He also juiced a couple of small cap non-pharma healthcare stocks. Here was he thought Cigna (CI) was worth a look at the current levels.
Cramer also outlined why he thinks that you can profit from older rumors now that Alcoa (AA) and Dow Chemical (DOW) have fallen off so much. Goldman Sachs remains a favorite of his, but he thinks it’s going to $250.00 fast. Elsewhere in thh financial stocks, Cramer said he is replacing Bankof America (BAC) with Citigroup (C) as his favorite banking stock. Itisn’t why you think though. He wants Chuck Prince out, and so do we at 24/7 Wall St.
One sort of funny piece was his DIRTY DOZENwhere he gave a bunch of stocks that short sellers were targeting. Hedid give the premise that these are not really his picks per se, butironically many of these posed some positive moves. He also thinks that Hansen Medical (HNSN) could perform like the next Intuitive Surgical (ISRG), and here’s why. He’s even got 5 of his top oil-related names in the oil patch sector.
Jon C. Ogg
March 17, 2007
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