Cramer Likes the Market and Has a Gas Pick
On today’s STOP TRADING segment on CNBC, Jim Cramer said the market is acting like it is immune to falling. Even subprime lenders, FHN-First Horizon and CFC-Countrywide are rising without a Countrywide deal yet. Cramer again talked about Illinois Tool…
On today’s STOP TRADING segment on CNBC, Jim Cramer said the market is acting like it is immune to falling. Even subprime lenders, FHN-First Horizon and CFC-Countrywide are rising without a Countrywide deal yet. Cramer again talked about Illinois Tool (ITW) and Black & Decker (BDK) showing that it it happening ahead of the fed is a good indicator.
On natural gas up 11% and crude up 8%, Cramer agreed with SunTrust’s call to be in natural gas. SunTrust’s picks are ATPG BBG BEXP CHK EOP EPEX ROSE. The one Cramer noted as the play in the area if you are a true believer is Grey Wolf Inc. (GW-NYSE).
Jon C. Ogg
January 30, 2007
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.