On today’s STOP TRADING on CNBC segment Cramer was on the road in Austin, TX. Cramer said the world is refusing to come to an end and that is why we are rallying. Things werent as bad as people thought and most DJIA components will go higher.
General Maritime (GMR) is the only shipping company in the sector that has its shareholders in mind.
Newcastle Investments (NCT) is one buying loans and Cramer thinks Wells Fargo (WFC) is the one to look at that can clean up in these loans.
As far as metals he noted last Friday and on Freeport-McMoRan Copper & Gold (FCX) having an $80 target, Cramer was positive on the call and he thinks the call was actually conservative. He would own FCX and buy it hand over first.
Jon C. Ogg
March 19, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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