Cramer's Stop Trading! How Can You Not Want to Be in Freeport? (4/23/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Wednesday April 23

Parker Hannifin (PF), Procter &Gamble (PG), Freeport McMoRan (FCX), BHP Billiton (BHP), Hudson City Bancorp (HSBC)

Investors are running from defensive stocks and into cyclical names, according to Cramer. He cited Parker Hannifin's pop in spite of its weak quarter and predicts that while Procter and Gamble will probably report a good quarter, the stock will get taken down on the prevailing expectation of a recovery; stocks like Procter do well when the economy is slowing.

Cramer is bullish on Freeport McMoRan as a play on China's stimulus plan ("How can you not want to be in FCX?") and also likes BHP Billiton. His pick in the financial sector is Hudson City Bancorp.

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Comments

[TCK:]

Cramer's picks ? Buy today, but they may be sells tomorrow !

Apr 23 09:08 AM

[auto44:]

Crammer, Why now. Why not in March or maybe a month from now.
Folks it is time to not only stop trading but to stop Crammer, HIS POPULARITY UNDERSCORES the falicy of listening to pundits who have to continually find and in his case on a daily basis some new idea. there just isn't that much new going on. He likes to brag about his days as a hedge fund manager. Almost everyone looks smart in a bull market, making smart moves in this market is very difficult.

Apr 23 10:27 AM

[JC700:]

Cramer has been wrong FAR more times than he has been right. That is fact. The guy also belongs locked up in jail for his past. I can only imagine the countless millions he has cost stock holders by telling them the wrong thing to do, and his illegally manipulating the stock market when he was a hedge fund manager.

Apr 23 10:52 AM

[bassmaster17:]

The CNBC pundits have given the short sellers religion again (not Cramer). I'd like to see what these guys were saying in Oct 07. Doug Kass seems to be the only consistent one of the bunch. If Goldman's right about 10.9% Chinese growth in 2010 then FCX could potentially be trading in the $100s again, I doubt they are right, but pessimism is ones ally...so why not buy a little Freeport on dips?

Apr 23 11:45 AM

[Jake2:]

Reader, pass by. The guy's a barker at his own side show, a clown in his own circus. Caveat emptor!

Apr 23 01:14 PM

[Chicky401:]

Don't always agree with him but Proctor and Gamble is a solid company. After all they do distribute diapers (Pampers) which is something that people need no matter what. Though a friend of mine asked me to look into investing in them for her and I told her nah I wouldn't. She was just thinking about the amount of diapers she had been changing lately. But they are not going under anytime soon.

Apr 23 02:20 PM

[Pessimistic...:]

The China build out will certainly bring the price of copper up. FCX and their copper reserves are poised to benefit from this and they are hedged with gold as well. Now we wait and see if their economy will grow more than the current 6%.

Apr 24 01:36 AM

[Dustinian:]

Because copper is going down. That is why.

Apr 24 03:39 PM

[deriver:]

Why does anyone listen to what that idiot has to say?

Apr 24 07:46 PM

[User 90619:]

chuck:
If you don't like Crammer or think he is knowledgable, WHY do YOU waste your precious time watching him. Or do you just like to see your comments in print? Stupid!

Apr 26 04:30 PM