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Cramer Slaps Wal-Mart; Still Loves Allegheny Tech
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On today’s STOP TRADING segment on CNBC, Cramer said Kroger (KR) is a play. With Kroger at $29 after a B of A upgrade said it could beat for years to come. The case against Wal-Mart is so fabulous that everyone wants in. He commented that when Lee Scott is finally dethroned from Wal-Mart (WMT) this wouldn’t necessarily happen, but now they aren’t what they were. He adores Allegheny Tech (ATI). He said this one is in the sweet spot and they are positioned to work every single aspect of the economy and their metal will stand up to corrosive effects of ethanol.
Lee Scott was one of our TOP CEO’s THAT HAVE TO GO from December.
If you want to know why Cramer was out Friday night, it looks like he fractured his foot.
Jon C. Ogg
January 29, 2007
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