Cramer is one that rarely holds back, and today he went pretty far out on a limb.
On today’s STOP TRADING segment on CNBC, Cramer has top 3 oil picks for 2007 that CNBC believes you haven’t thought of yet:
1) Devon (DVN)…will be bought in Europe if stock stays low.
2) Ultra Petroleum (UPL)
3) Core Labs (CLB)
He also said subprime Accredited Home Lending (LEND) is ok and they were hurt because other brokerage firms came in the game and crushed margins, because they understand risk. He thinks we’re nowhere near the red-line on Credit yet and he isn’t seeing a spike in credit losses.
Jon C. Ogg
December 20, 2006