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Cramer's Wild Bull Market Picks in Oil & Gas and Minerals
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Stock Tickers: RDS/A, HAL, XOM, FCX, LMC, ZEUS
Tonight Cramer discussed his individual stock picks on CNBC’s Mad Money for each sector where he believes we are in a "Wild Bull Market" where he thinks the names will continue rising the rest of this year.
He gave a larger list earlier tonight. Here is his big list of stocks that are in Agriculture, Machinery, Infrastructure, and Aerospace.
5) Oil & Gas, which were down hard today: Halliburton (HAL) is 12% under where it was last year and this is the one to buy; in Oil he likes Royal Dutch Shell (RDS/A); the runner up is Exxon Mobil (XOM) as the go-to name for institutions.
6) Minerals, where the mergers are nuts: The buy for the things the Chinese use is Freeport-McMoRan (FCX) for copper and gold that could see its 9-times earnings go to 12-times. Lundin Mining (LMC) is Cramer’s runner up, but only after the merger closes and then it can go to $15.00. Lundin was also one of 24/7 Wall St.’s "Overlooked Metals Stocks" back on May 11, although the stock is down about 5.5% since that date. Our other pick from around the same time Olympic Steel (ZEUS), and it is up close to 1% since then.
Jon C. Ogg
May 29, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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