Cramer at Indiana University

On tonight’s MAD MONEY on CNBC, Jim Cramer was at Indiana University in another one of his "Back to School" tours.  Cramer noted that the bears may be in hibernation because of a Fear in selling stocks because any of the bottom 350 S&P 500 Index stocks are vulnerable to being acquired.  They are also scared to miss rate cuts and they don’t have the Iranian hostage scare.  That is why we were up the last two days.  Mark Cuban came on the show tonight (dressed like a college kid, too).  The first thing Cramer asked is if Cuban would buy the Chicago Cubs.  He didn’t say he wouldn’t and he didn’t say he would, but he said he was sure interested in seeing what they would be sold as.

Cramer’s stock pick to look at is Cummins (CMI-NYSE), the truck enginemaker that Cramer says is a Triple Buy.  At $145 per share it isn’tcheap, but Cramer thinks this one is going up.  Those that follow thestock are not behind the company.  Cramer said he thought it was a dogtoo, but he said it’s business in emissions controls and powergenerators mkaes it more attractive.  Many have shorted the company andthat didn’t work because they changed manufacturing changes that arepaying off and they are selling very well in Mexico and everywhereelse.  It has 5 sells, 5 holds, and 1 Buy rating from Wall Street;Cramer thinks it will get upgraded when they keep beating the streetestimates.

In questions from the students: 1) Steel Dynamics (STLD)- Cramer saidhe was going to feature it but it was up 100%; he said it’s a greatcompany. 2) Finish Line (FINL)-  Cramer said he made a mistake on itbefore and he said he should have gone for DSW (DSW) or Foot Locker(FL).

Jon C. Ogg
April 4, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.