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.
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.
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