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Media

Cramer Goes MO MO on Defensive (MO, RAI)

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By Douglas A. McIntyre Updated Published
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On tonight’s MAD MONEY on CNBC, Jim Cramer said that despite this being one of the worst markets he’s seen in his career he wants you to stay in the game.  He wants to own defensive stocks that will hold up well.  Here is his pick tonight:

  • Altria (NYSE: MO) was down today and he still likes it.  This was one of his top picks last year that he has stuck with for a while.  This was also one of our Dogs of the Dow we gave a target for ahead of the spin-off of Phillip Morris International in 14 days for  and the break-up could end up coming out the end of this quarter.  The company also owns a 28.6% stake in SAB Miller.  The company will also start to be able to repurchase shares soon.  He thinks the momentum might take this to $90 per share even before the break-up.

We’ve heard this one before over and over, so that’s enough there.  We named Reynolds American (NYSE: RAI) as one of our "new defensive stocks with a value flair" for the first part of 2008.

Jon C. Ogg
January 16, 2008

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About the Author Douglas A. McIntyre →

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.

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