Cramer's Stop Trading! Obama's Honeymoon (12/19/08)

Stocks discussed on Jim Cramer’s Stop Tradng! TV program, Friday December 19.

Caterpillar (CAT)

Cramer said President Elect Obama is a “man who is loved and the honeymoon continues for Obama. “ He added, “This is the guy, literally, we want on at all times because every time he speaks the market reverses,” The sector getting probably the biggest Obama bounce is infrastructure and his star pick in this group is Caterpillar which makes the machinery for large-scale projects. The fact that Caterpillar did not decline on a preliminary announcement of “worse-than-expected” earnings shows that there may be a bottom in the stock. However, Cramer would not invest in steel, because the commodity has already bounced.

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Comments

[bobbobwhite:]

Obama appears to want to actually work at being our president! "How quaint", the "work" ethic of our present office-holder would say if it could talk. Our C student(if that good) present office holder let everyone else do the work for him and the thinking for him as president, and my god, look at the horrible results! That's what paying others to attend classes and take tests at Yale and Harvard will do for a work ethic.

Demos, don't get too smug, as all the Kennedys did it too. Ah, the filthy rich, ain't they just great?

2008 Dec 22 12:43 PM