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.
Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
