Cramer's Stop Trading! Secondary Offerings You Can't Refuse (5/12/09)

Stocks discussed Jim Cramer's Stop Trading! TV segment, Tuesday May 12.

Bank of New York Mellon (BK), Anadarko Petroleum (APC), NYSE Euronext (NYX), Ford (F), Google (GOOG)

Cramer commented the number of secondary offerings are increasing volumes, and this bullish action may mean a bottom for NYSE. He particularly likes offerings from Bank of New York Mellon and Anadarko.

There have been significant worries about Google, because much of its revenue depends on advertising, but the company had a strong April. The stock price is suffering because of a failed foray into radio advertising, but Cramer notes radio was never the company's main business anyway. He said Google is "give or take" ten points off the bottom.

Buying Ford's secondary offering is a good move for those who think autos will recover. Given the large size of the offering, Cramer would hold off buying until the deal is priced.

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Comments

[casaba:]

Why would you comment on Cramer. The guy is a complete jerk off. Studies have been done on his recommendations and He LOSES MONEY.....

May 14 01:14 AM