On tonight’s Mad Money on CNBC, Jim Cramer said the bull market is stronger in nickel than in the US stock market and he wants you to look at a new nickel pick. The nickel markets are nearing shortages and Cramer wants to look at what is next to get bought in the sector. The right nickel company to look at is CVRD (RIO) as the largest player in the world, but he wants a speculative play.
Cramer thinks the next one to be consolidated in the sector is speculative, but he wants you to look at it: North American Palladium (PAL-NYSE). It is a thin volume $10 stock but they do have 22% of their revenues from nickel. No analysts follow it. He thinks this could jump massively if it became valued as a nickel operator. This is the second best speculative play in nickel according to him. Cramer doesn’t think this one is imminent at all and he thinks you need to take your time to do this over the next few weeks. They also do not hedge metals production anymore so all the benefit of the metals markets will go to the bottom line.
Jon C. Ogg
May 8, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
