On today’s STOP TRADING segment on CNBC, Jim Cramer said he hates miners (earth diggers, not kids) because of the leverage to BRIC areas that are perceived; but he does have one that he actually likes. The one he likes is CVRD-Companhia Vale do Rio Doce (RIO-NYSE/ADR) because of it having the nickel monopoly in the world that gets to hoard and make up its own pricing.
High dividend and defensive stocks KO, PG, & XOM are tickers he noted favorably again. On Sprint NexTel (S), Cramer said the stock is up because it was an amazingly good quarter for a bad company and he doesn’t think it should be independent. He still likes Level 3 (LVLT).
Jon C. Ogg
February 27, 2007
Jon Ogg is a partner in 24/7 Wall St., LLC and he can be reached at [email protected]; he does not own securities in the companies he covers.
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