Cramer positive on tobacco and, after elections, Chevron

Posted Oct 30th 2006 9:07PM by Jon Ogg
Filed under: After the Bell, Analyst Reports

Tonight investment strategist Jim Cramer discussed the tobacco industry in a positive light on his television program, "Mad Money." He thinks this is a pretty good buy list: Altria (MO), Reynolds (RAI), Vector (VGR), UST (UST), and Carolina Group (CG).

Cramer also discussed the oil industry and the impact of a proposed law in California. He said he thinks in California that Proposition 87 will pass. It would make oil companies in that state fund alternative sources of energy. He thinks that measure will hurt oil companies and thinks Chevron (CVX) has the most exposure. He thinks if that happens it would be best to buy Chevron after the election and after they cut numbers.

Cramer also interviewed the CEO of Rite Aid (RAD), and ended up saying that RAD is a stock for those who can tolerate high speculation.

Tags: California, Chevron, Cramer, CVX, Proposition 87, Proposition87, Rite Aid, RiteAid, tobacco

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Reader Comments (Page 1 of 1)

10-30-2006 @ 11:51PM

SCOTT MORAN said...

WHAT DO YPU THINK THE OUTCOME OF THE COMPANY DATATREASURY SUEING 56 BANK AND OTHER COMPANIES

10-31-2006 @ 7:39AM

Michael Schneider said...

Previously, Jim Cramer had been mostly bullish on Altria as best of breed and he recently did recommend some others like UST and Reynolds but not companies like Vector. A free list of 58 Cramer Food Restaurant and Tobacco stock Bull Signs from over a year of his Lightning Rounds on Mad Money is available at www.Barreloworld.com.