TheStreet.com's Jim Cramer says these are the stocks that you should watch. Some stocks have just been totally given up on, as if nothing good can ever happen to them. Check out Masco (NYSE: MAS) (Cramer's Take) , for example. Masco's a great company, always has been -- a dominant supplier to the housing industry, both remodel and original. This company, which MAKES money, is selling at almost a 5% yield and no one cares.
Or how about Fortune Brands (NYSE: FO) (Cramer's Take)? It has a terrific housing component -- dominant player -- and one of the best spirits businesses. We found out from Diageo (NYSE: DEO) recently that they have a great business in spirits, and the company may be on the verge of getting Absolut, a fantastic brand. The stock trades at an amazingly low multiple. Or consider Black & Decker (NYSE: BDK) (Cramer's Take) , one the great innovators with a classically pro-shareholder bias.
These companies are making good money in the worst environment imaginable. They have decent balance sheets. When this period ends, they will be dominant players, taking share from everyone.
But the next quarter will be atrocious for all of them, and the comparisons don't get good until the end of the year. If you think that we are going to be out of this mess by year-end or even by next year, you would consider Masco with its great yield. You would have to realize that BDK, if it goes down more, could be something worth just $3 billion and change to a European. If Fortune gets Absolut, the amount of business that is non-housing goes up dramatically.
Of course, no one wants to hear any positives on these stocks. But it is important to point out that when the Fed cuts and cuts you have winners here.
Random musings: I am aghast that people hate Inverness Medical (NYSE: IMA) (Cramer's Take) here, which is a quintessential long-term growth diagnostic stock that has simply made too many acquisitions and needs to rationalize which it will. But the momentum guys are showing NO MERCY! I like stocks that are cut in half. I sold some much higher for Action Alerts PLUS, and I want to buy that stock back (as I told subscribers), but, alas, I am restricted. I am a making a bunch of moves that could be interesting to you here. ...
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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long IMA.
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Reader Comments (Page 1 of 1)
2-21-2008 @ 3:23PM
Drew Leavens said...
Cramer said that Brocade, Dynegy and Quest would be the next three stocks to hit $12. Take a look. He's been in love with LVLT and if he sold you on it you would have taken a huge loss. He kept trying to prop up NYX, which he said was his stock of the year, now some 40 points lower than when he recommended it. What he pushes are the stocks he owns, so you buy then, the prices rise and he can point to his success. He is a likeable guy but rarely owns up to the number of times he is wrong - something that seems to be increasing.
2-21-2008 @ 5:38PM
gary said...
Just what we need is a little good news from somewhere. I do not care for this new Fed Chairman guy, who proceeds to tell everyone the economy stinks and is only going further into the toilet. I wish he would simply keep his opinions to himself. His words do not change the negativity that is going on, but they sure do spur people on to panic even more. Everytime he talks negatively the market tanks. I dislike anyone in his position that cannot manage to keep their cool, silent, and head above water while chaos is happening. He is only part of the problem when he reinforces the bad. http://www.phoenix-life-insurance.com
2-21-2008 @ 6:13PM
igorsway said...
What turnaround? Meredith Whitney just said on CNBC that she believes financials might fall another 50% - which would pull down the entire market.
http://www.cnbc.com/id/15840232?video=659529306&play=1
2-22-2008 @ 2:39PM
Carrie Doyle said...
Dear Mr. Jim Cramer,
Statoilhydro (STO) could be considered an inflation hedge as the US Dollar remains weak.
The next dividend could be a whopping 6% ($1.72) using current conversion rates if they maintain current div. payment rate. They have 2 dividends which is not reflected in Yahoo Finance. Ex-div. in May.
STO is real gem imho.
Best Regards,
CS
2-22-2008 @ 2:48PM
Carrie Doyle said...
*An important update to StatoilHydro(STO)*
STATOILHYDRO SAYS FIRST CARGO OF GAS ARRIVED IN U.S. ON FEB.21
First cargo of Norwegian gas to USA Published 2008-02-22, 08:04 CET
The first cargo of gas from the Norwegian continental shelf arrived in the USA on 21 February. This shipment of Snøhvit LNG is the first delivery of gas from Europe to the world's largest energy market.
Arctic Discoverer docked at Cove Point at around 14:30 p.m. local time yesterday . (Photo: Roar Lindefjeld) The LNG carrier Arctic Discoverer docked at the Cove Point gas import terminal in the state of Maryland, south of Washington DC, at around 14:30 p.m. local time yesterday, after a voyage of 12 days across the Atlantic ocean. Its cargo comes from the world's most northerly export facility for LNG (Liquefied Natural Gas) at Melkøya outside Hammerfest in Finnmark.
"This is an historic occasion," says Rune Bjørnson, StatoilHydro's executive vice president for the Natural Gas business area.
"For over 20 years StatoilHydro has supplied the American market with crude oil from the North Sea and the Norwegian Sea. Now were are also supplying gas from the Norwegian continental shelf. For the American market, this means improved security of supply. For our part, we will continue to develop to become an even more flexible supplier of energy for our customers," says Bjørnson.
StatoilHydro has a significant gas position and is Europe's second largest supplier of gas. The company has been a stable and reliable supplier of piped gas for many years. Through the development of the Snøhvit-field in the Barents Sea, StatoilHydro's marketing of gas is becoming ever more global.
"In order to meet future energy demand I believe that we will see shipments of gas between continents in the same way as we have seen with oil. Through the LNG production from the Snøhvit field, gas can be distributed over the whole world. Gas is becoming a global commodity," says Bjørnson.
In brief:
The licencees for the Snøhvit-field: StatoilHydro (operator) (33.53 percent), Petoro (30.00), Total E&P Norway (18.40), Gaz de France (12), Hess (3,26) and RWE Dea Norway (2.81). Snøhvit is the first development in the Barents Sea. With no surface installations, natural gas is brought to land and cooled for liquificiation at the export facility for LNG. StatoilHydro will market a total of 4 billion cubic metres of gas annually at the field's full capacity. StatoilHydro has a long-term long term throughput arrangement with the Cove Point-terminal which is an import for gas to the US east coast. Here, liquefied natural gas is delivered, stored and regassified to become pipeline gas. Since 2003, StatoilHydro has delivered LNG to Cove Point from suppliers in Trinidad, Algeria and Egypt. The company administers a third of the import capacity for LNG at the terminal today. This amounts to around 2.4 billion cubic metres of gas annually.
The import terminal at Cove Point is now being expanded, and StatoilHydro has secured all of the new capacity. StatoilHydro will thus achieve access to capacity amounting to some 10 billion cubic metres of gas annually from 2009.
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