Cramer's Stop Trading - What's Ailing Procter & Gamble? (5/27/09) 5 comments
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Stocks discussed on Cramer's Stop Trading! TV segment, Tuesday May 27.
Procter & Gamble (PG), Apple (AAPL), GM (GM), Monsanto (MON), Ralph Lauren (RL), First Solar (FSLR)
Procter&Gamble's stock declined 2.6% on Wednesday, and Cramer discussed rumors that the company will guide down; “Obviously something is ailing the stock,” he said, “but the market’s very tough, too.”
Cramer thinks Apple is likely to replace GM on the Dow Jones Industrial Average, although Monsanto might also be a good replacement.
Cramer called Nucor's price hike "incredible" given the fact that the company was recently operating at only 40% capacity. Ralph Lauren is another company showing surprising signs of life. Although high-end retail is still not the name of the game in the U.S, the company has strong prospects in Asia and reported a good quarter.
Finally, Cramer says First Solar is the only solar power company worth buying, because he believes in the company's management and technology and is wary of Chinese competitors.
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This article has 5 comments:
Cramer is nothing more than a buffoon whose rather pathetic followers, aka: sheeple, can't seem to get enough of him and his totally useless prognostications.
The mere presence of his comments demeans the entire SA website.