Cramer's Lighting Round - When Copper Drops, Buy Southern (4/20/09)

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday April 20.

Bullish Calls:

Texas Instruments (TXN): "I like the semi-conductors. They were down 4.5% today. I think that you probably want to pull the trigger, but I would be sentenced to hedge fund hiatus if I did not say that I need to listen to the conference call first."

AT&T (T): "I like that stock that down at $25 more than I like Verizon at $31... AT&T is cheaper, I think that the company is really into an explosive ramp… you get that great yield; I think that the yield will be boosted. I say pull the trigger."

Hewlett-Packard (HPQ): "I prefer Hewlett Packard (to Microsoft)."

Southern Peru Copper (PCU): "I have been looking at PCU and thinking boy that stock has just made a great move, but on a pullback I like PCU. I think that copper stocks are going to have a much deserved pullback… and you want to be a buyer not a seller."

Joy Global (JOYG): "I do not want to buy it until it is under $20... and under $20 I feel like I can give you some caution that it will be less of a trade and more of an investment… but my bias is to own it not to sell it."

Bearish Calls:

AirTran Holdings (AAI): "I want you to ring the register my friend… we never recommend airlines on this show… because we actually like to make people money, not lose them money."

Microsoft (MSFT), Intel (INTC): "I think that Microsoft can trend higher, it is not my favorite… nor is Intel. I do not have any catalysts that are going to get Microsoft moving that much, but I want you to wait until at least $20 or $22. I don’t want you to just ring the register and say goodbye."

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Comments

[ILL PA.:]

I LIKE === FCX / MEE / RIG / RIMM / V / BAC/
THANK YOU ///
MR. G.

Apr 21 07:09 AM

[johmw:]

PCU is currently over priced and is falling and will probably continue down. I bought it under $18 about 3 or 4 weeks ago got out when it went up over $19. I would look to do the same in another week or so. However if Cramer is buying that's as good a reason as any to stay away.

Apr 21 09:10 AM

[MexCom:]

PCU is in the Mexican Commentary portfolio - Clearstation its in the top 24 of performance.

Apr 21 04:16 PM

[einstein p ...:]

And the housing market will turn around on June 30th.... That should prompt round two on The Daily Show.

Apr 23 12:24 AM

[henrymaquli:]

Every dark night is followed by a bright sunny day. So, patience and attention is required and things will be fruitful in near future.
henrymaquli

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May 01 04:35 AM