Cramer's Mad Money - 2 Tells on a Weaker Dollar (5/19/09)

Includes: AAPL, BK, KO, LVS, PALM, PG, STT
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday May 19.

State Street (NYSE:STT), Bank of New York Mellon (NYSE:BK). Palm (PALM), Apple (NASDAQ:AAPL), Procter & Gamble (NYSE:PG), Coca-Cola (NYSE:KO), Las Vegas Sands (NYSE:LVS)

Cramer thinks investors can learn from Apple's history to determine how to trade the release of Palm's Pre. He would buy before the hype heats up and take profits on gains. When the stock drops, he would buy Palm lower because of its great management. He thinks there is enough room for Palm to take market share from Apple and Research in Motion.

Procter and Gamble and Coca Cola seem to be forecasting a weaker dollar; “These two companies are predicting so much dollar weakness to come I think it’s important to point it out,” said Cramer.

In banking, two of Camer's favorites after their secondary offerings are State Street and Bank of New York Mellon. While he prefers State Street, he notes BK is currently undervalued and may rise to $30.

Cramer thinks Las Vegas Sands' $743 million casino in Bethlehem Pennsylvania is a very risky venture and doesn't expect success. The construction was planned when the economic climate was much different, he added.


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