Cramer was out saying earlier today that Altria (MO) and AIG (AIG) are both buys here.
Equity investors have forgotten the power of the bond market, and they need to note that companies who win in bonds have been good stocks.
AIG was noted as a cheap stock and it is his favorite stock that tends to act "like one giant bond" and it has gone from $65 to $72 and even though Hank Greenberg has been selling, it has the most going for it out of insurers and it is the cheapest in the group. Altria (MO) is only up 13% this year and it is a buy according to Cramer, going higher.
He still likes oils on pullbacks and he is buying Transocean (RIG) in oil drilling and services.
Black & Decker (BDK) has had no overall real impact on the group of stocks that are housing related, same went for Best Buy (BBY). Cramer end by saying that technology is terriffic and oil you should buy on pullbacks.
Jon C. Ogg
December 15, 2006