Cramer's Stop Trading! Explosive Situation of Positives (12/5/08)

Stocks discussed in Jim Cramer’s Stop Trading! TV program, Friday December 5.

Hartford Financial (HIG), Toll Brothers (TOL), Celgene (CELG)

Cheaper oil for heating and fueling cars and lower mortgage rates may create an “an explosive situation of positives,” said Cramer, sounding more bullish than usual. Investors were once the “black hole” in the market, but Hartford Financial’s stock climbed nearly 100% and Toll Brothers was up 7% even after bullish remarks from CEO Bob Toll. Even 6.7% unemployment “ain’t so bad,” said Cramer, comparing the jobless number to those of past recessions. Cramer recommended Celgene going into the American Society of Hematology conference, and likes the fact US Bancorp bought Downey Financial’s deposits. While it is unlikely retailers will beat sales predictions, “The holiday season may not be the disaster that we all thought it was going to be,” Cramer said.

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[Ishortyou:]

I aggree it just feels or one have the premonition that there is going to be an explosive run at least for a short period of time in the stock market upwards porsitive.

2008 Dec 08 06:10 AM

[Did U Think...:]

Jim Cramer is an insult to the world. He is using people who think he is for real. The man is a financial terrorist and this is from a person who never followed one word of Cramer's advice. He should be thrown off TV and then tarred and featherered and run out of town. The man is an absolute disgrace and quoting him in any way borders on insanity.

2008 Dec 09 03:59 AM