On today’s STOP TRADING segment on CNBC, Jim Cramer said you better pay attention to a natural gas call for it to go to $10.00 because the one that made it is right more often than not. He was positive on Halliburton (HAL-NYSE), and Cramer is still positive on Transocean (RIG-NYSE). As far as the S&P 500, 80% of the technology companies in the index are still down and the technology and pharmas are far behind the machinery stocks now. Cramer was still positive on Deere (DE) and Foster Wheeler (FWLT). He thinks that the worst part of tech is about to occur because it is only May on the calendar and noted how many investors are having to hope for the last little moves there. Because tech is bad in summer and because the machinery names are the winners, he still wants you out of most tech names.
Jon C. Ogg
May 21, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.