Media

Cramer Takes Some Jabs (UA, CAT, XOM, CLB, DE)

On Jim Cramer’s STOP TRADING segment on CNBC, Jim wanted to talk which oil companies were better than others with oil nearing $100/barrel. The ExxonMobil (NYSE:XOM) quarter wasn’t all that bad and shares are actually back up now.  CoreLabs (NYSE:CLB) is great domn $8 from highs. 

On Caterpillar (NYSE:CAT), Cramer said they executed poorly while others executed on target.  He thinks the company is not performing as it should.  Deere (NYSE:DE) is more agricultural but is doing well.

On Under Armour (NYSE:UA), Cramer addressed the insider sales and said the insider sales were too aggressive and he’s sick of seeing the insiders do it.  He agrees with the Morgan Stanley “underweight rating” now.  He said that the insiders explained the situation and then sold stock.  He said he feels like he got hosed, and now he has no confidence in it. Under Armour shares are down over 3.5% today at $49.50.

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Jon C. Ogg
November 6, 2007

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