Cramer's Mad Money - Dow Chemical Is Bottoming...Who Cares? (3/25/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday March 25.

Bullish Calls:

Agnico Eagle Mines (AEG), Eldorado (EGO): "I will recommend Agnico Eagle Mines on a pullback..I will recommend Eldorado."

PPG Industries (PPG): "I think that Dow and Dupont have bottomed… but that says to me to buy PPG Industries Inc. because I want higher quality."

Coca Cola (KO): "Why do I like Coca-Cola so much besides the fact that the chart looks like it is going steady to $50? One it has got that almost 4% yield... I am hearing from sources that the price war (with Pepsi) and the decline in North America is now over… Coca-Cola is a buy."

Taiwan Semiconductor (TSM), Xilinx (XLNX): "I'd rather stay with Taiwan Semiconductor and Xilinx...those are better (than Sigma)."

Nucor (NUE): "I prefer Nucor (to U.S.Steel.)"

Bearish Calls:

U.S Steel (X): "The steel business is weak, and I prefer Nucor...I am worried about the dividend… but if the stock goes back to $17, $18 we pull the trigger immediately."

Dow Chemical (DOW), DuPont (DD): " I think that Dow and Dupont have bottomed… but that says to me to buy PPG Industries Inc. because I want higher quality."

Northern Dynasty Minerals (NAK): you're way too speculative..I am not a buyer of stocks that tend to be domiciled in the great area of Vancouver."

Alnylam Pharma (ALNY): "I got to tell you here badger, that is an interesting spec...it could have strong upside, some downside... because I do like the early stage therapeutic companies."

Sigma Designs (SIGM)

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Comments

[GMiki1:]

NAK is traded on the AMEX and is backed ($1.425 billion) by Anglo American--also has Mitsubishi backing to 11 percent. Rio Tinto owns about 20 percent. To quote company material:

"Current estimates indicate a total resource of 5.1 billion tonnes measured and indicated and 4.0 billion tonnes inferred, containing 72 billion lb copper, 94 million oz gold and 4.8 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit." The project is in Alaska.

A major analyst report recently projected a one year share price of over $18--it's now at just over $7. Yes, I own NAK. And I guess it's speculative like everything else in this market.

Mar 26 11:21 AM

[PaperGains:]

It's easy to call a bottom in DOW now. I prefer DOW to the others. All this talk of credit quality and risk have created a prime time opportunity in DOW. The upside is tremendous and as far as I'm concerned, the risk is insignificant when measured against the upside.

papergains

Mar 27 04:01 AM