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Crushed Unnecessarily - Cramer's Lightning Round (9/2/08)

by: SA Editor Joan Wickham September 02, 2008 | about stocks: C / CHRW / FCX / FWLT / JOE / SNDK / UPS    

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Joan Wickham

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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, September 2.

Bullish Calls:

Foster Wheeler (FWLT) -- “This stock has been crushed, and I think it has been crushed unnecessarily. Eighteen months from now, this stock will be higher.”

United Parcel Service (UPS) -- “If you want to play transportation, you play with United Parcel Service. I'd rather see you there. UPS has their act together.”

Bearish Calls:

CH Robinson Worldwide (CHRW) -- “If you want to play transportation, you play with United Parcel Service. UPS has their act together.”

St. Joe (JOE) -- “The largest individual private landowner in Florida is heavily exposed to one of the last real estate markets to recover. This stock probably won’t be worth buying for three to five years. You don't have to pull the trigger yet.”

Citigroup (C) -- “Citi needs to take bold action. If they take bold action, only then will I be bullish on Citigroup.”

Freeport McMoran (FCX) -- “Listen up. Freeport was not able to take out its low from last month. China’s demand for copper will return. I am bullish on Freeport for the long term but in the short term the stock could end up in the house of pain.”

Sandisk (SNDK) -- “This is a commodity memory play. They don't have good margins. You need to stay away from Sandisk. This stock is still a sell, sell, sell.”

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This article has 1 comment:

  •  
    Sep 03 04:17 PM
    FCX is probably the most unappreciated stock on the NYSE. It has consistently delivered a nice dividend, often bought back its own shares, and its recent merger was a great deal for all. It has worked down its debt and maintained a good working relationship with Indonesia where its biggest mine is located. How far its price will fall during the current adjustment in commodities is hard to tell. The prudent investor knows he will not catch either the bottom or the top. Watch this one closely.
    Reply
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