Cramer’s Deflationary Winning Picks
On today’s STOP TRADING segment on CNBC, Jim Cramer said the financials dropping is in-line with the "avoid brokers until Friday" thesis. These are names Cramer likes in this deflationary market: AT&T (T) has a great dividend and he considers…
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On today’s STOP TRADING segment on CNBC, Jim Cramer said the financials dropping is in-line with the "avoid brokers until Friday" thesis. These are names Cramer likes in this deflationary market:
AT&T (T) has a great dividend and he considers it a defensive stock.
3M (MMM) is the most aggressive buyback of any stock.
Heinz (HNZ) is another one he likes.
He still thinks that most of the sub-prime industry players will fail and only a couple of the strong will survive. To avoid a crisis and to keep the slightly above sub-prime borrowers up above imploding, he thinks this will drive the Fed to cut at one of the coming meetings. Cramer doesn’t think the bottom is there yet in sub-prime and thse will continue to fail and take things down.
Jon C. Ogg
March 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Contact [email protected] for any questions or corrections.
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.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
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.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
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.
