Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday May 5. Click on a stock ticker for more analysis:
SGL Carbon AG (SGG) -- German company, makes carbon and graphite products for industrial and aerospace applications; cheapest of composite materials stocks, because others have moved up so much; neck-deep in debt, but underpromise and will overdeliver; full year guidance is conservative
Banco Itau Holding (ITU) -- Top Brazilian bank, just bought Bank of America's Brazilian branches; Cramer's 'new Latin stock favorite' to play the 'great South American bull market'
Foster Wheeler Ltd (FWLT) -- Energy infrastructure build-up is coming, and this company will benefit if the President can get new refineries built (hasn't been a US-built refinery since 1976); selling from asbestos problems has subsided; just paid off last of high-coupon (bond) debt; reports earnings next week -- alot of the good infrastructure plays have reported good numbers, yet still taken a beating, so buy only a half position before earnings.
Avnet (AVT) -- CEO interview; Company involved in distribution of electronic/computer components, engineering design, logistics, and chips; CEO gave bullish comments on growth of cell phones, and said the PC sector not as bad as believed, even given delay of Microsoft Vista; Cramer: 'There's nothing wrong with tech... I wouldn't leave it, but the CATs and DEs are just too exciting to the mutual funds right now'