Main Stock Tickers: RIO, OIH, SLB, COF, CRDN
On Monday night’s MAD MONEY on CNBC, Jim Cramer discussed oil services stocks having bottomed and started a series of his favoriteforeign names you can invest in overseas in the US. He also is backingCapital One and Ceradyne. There are links provided for the full stories plus more picks and comments on each.
His #4 favorite pick outside the U.S. is CVRD-CompanhiaVale do Rio Doce (RIO-NYSE/ADR). He’ll be making more of thesepredictions this week, but here’s what he likes about this one.
Cramercalled for a bottom in oil services stocks. He was positive onSchlumberger (SLB) and even ticked up the Oil Service HOLDRS (OIH).Here is his full note with a large list of oil service tickers that he didn’t mention.
Cramerlaid out the scenario that Capital One (COF) earnings weren’t the issue andthe recent rise is justified after earnings; he even says it could go to $100.00.
Cramerinterviewed Joel Moskowitz, CEO of Ceradyne (CRDN), and basically tried to put down the recent SELL rating from FBR. Cramer is going with the bulls on this one and trusts the company.
Jon C. Ogg
January 22, 2007