Cramer's market and gas pick

Posted Jan 30th 2007 3:10PM by Jon Ogg
Filed under: Analyst Reports, Black and Decker (BDK), Chesapeake Energy (CHK), Countrywide Financial (CFC)

On today's STOP TRADING segment on CNBC, Jim Cramer said the market is acting like it is immune to falling. Even subprime lenders, First Horizon National Corp. (NYSE:FHN) and Countrywide Financial Corp. (NYSE:CFC) are rising without a deal yet.

Cramer again talked about Illinois Tool Works Inc. (NYSE:ITW) and the Black & Decker Corp. (NYSE:BDK) showing and that the fact it is happening ahead of the Fed announcement tomorrow is a good indicator.

On natural gas being up 11% and crude up 8%, Cramer agreed with SunTrust's call to be in natural gas. SunTrust's picks are ATPG, BBG, BEXP, CHK, EOP, EPEX, ROSE. The one Cramer noted as the play in the area if you are a true believer is Grey Wolf Inc. (NYSE:GW).

Tags: atpg, bbg, BDK, cfc, chk, Cramer, eop, epex, fhn, GW, ITW, rose