Stock Tickers: WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM
On tonight’s MAD MONEY on CNBC Jim Cramer addressed the opportunity created by the big down day. He thinks some stocks are so loved that hedge funds and mutual funds just keep buying. These funds can’t buy what they want all at once any longer, so they just keep buying and then the smaller funds jump on board. The other change is that the companies are shrinking because of buybacks. On days like today they sold off and that’s an opportunity for you to buy. The floats on these are small enough that they almost trade like small cap stocks. He has a dozen of these stocks:
Whirlpool (WHR), Black & Decker (BDK), Allegheny Tech (ATI), General Cable (BGC), Honeywell (HON), American Standard (ASD), Johnson Controls (JCI), McDermott (MDR), Foster Wheeler (FWLT), Caterpillar (CAT) and Terex (TEX), and Deere (DE).
This follows up on yesterday’s feature by Cramer where he sort of touted this as a scam on Wall Street in Qualcomm (QCOM).
Jon C. Ogg
May 10, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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