Cramer Talks Up Beaten Down Industrials (IR, SPW, EMR, GE)
October 14, 2008 by Douglas A. McIntyre
Jim Cramer came on CNBC today in his old STOP TRADING segment with a brief trade idea, and it is an industrial trade idea to boot. He noted this morning that this was too much of a jump from Friday’s lows. Cramer noted that the Fed took the Great Depression off the table. The first stock Cramer noted was Ingersoll-Rand Company (NYSE: IR) which lowered estimates and the stock didn’t go down very much.
SPX Corp. (NYSE: SPW) and Danaher Corporation (NYSE: DHR) were twoothers which Cramer was pondering whether these industrials that havebeen beaten down are representing "value" today. He also noted Emerson(NYSE: EMR) was at $36.00.
He hinted that if you have a triple-AAA rating and are an industrial,which is likely a tease to hint at General Electric (NYSE: GE), thatyou can pick these industrial operations up on the cheap.
Jon C. Ogg
October 14, 2008
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.