Cramer's Lightning Round - What to Buy on a Housing Turn Around (6/2/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday June 2.

Bullish Calls:

BP (BP), Chevron (CVX): "I like Chevron with that yield and with improving fundamentals is good. BP under $48 is good. They are both preferable to Exxon Mobile."

JP Morgan Chase (JPM): "Why not be in JPM? ...I like that stock more than Barclays."

Tupperware (TUP): "I prefer Tupperware (to Rubbermaid)."

Home Depot (HD): "If you want a play on housing, you should go with Home depot...good yield, good play on California turning."

Bearish Calls:

Exxon Mobil (XOM): "Holy cow, that stock does not move when all the other oils move and it moves when the others don't. Of the oils, it is not one of my favorites. Exxon doesn't have the yield I want."

Altria (MO): "It kills me that I sold it..here is the problem....when cigarettes got to $8.50 smokers quit...its kind of like going into a bond but with a bit more risk."

Barclays (BCS): "They did that deal and it held up...there is going to be a move to favor American borkers over European brokers. Why not be in JPM just in secondary...I like that stock more than Barclays."

Newell Rubbermaid (NWL): "I struggle with Rubbermaid because it seems so cheap. It has great brand...I think management is finally getting it together, but I do prefer Tupperware...I think there is limited upside for Rubbermaid unless they put themselves up for sale."

Williams-Sonoma (WSM): "All retail is moving up. I don't think that company is all that well- managed...If you want a play on housing, you should go with Home depot...good yield, good play on California turning."

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Comments

[ECONOMICS 101:]

Joe Mancinelli and Cosmo Mannella of organized labor movement LIUNA told me today that people and all investors should be buying into employment of the masses.

If people have no jobs there will not be a "housing sector" to talk about. They will not be shopping at Home Depot, Lowes, Rona, Williams Sonoma, Rubbermaid, Tupperware or anything house related.

People will relate to "need vs want" and then everything stops.

Good luck to all.

By Johnathan Vrozos
johnathanvrozos.com
johnathanvrozos.ca

Jun 03 08:15 AM

[tginomorebush:]

Jim must be smoking wackytobacky at $8.50 a pack

Jun 03 10:08 AM

[Victhom:]

Hey Jim.....Barclays (BCS) trades at P/E of 4.83
you said sell in march at $2.75 I bought 25000 shares sold them at $21 this monday....I made a killing with your call....and now....

I'm buying back BCS again on your downgrade thanks again....Jim...you make my life easier...and Barclays will sell BGI division $12B by June 18 and restart dividend in Q3...when JPM at PE of 20 after much more "DILLUTION" will pay dividend???

Barclays May Sell BGI for as Much as $12 Billion, WSJ Reports

By Dan Hart

May 16 (Bloomberg) -- Barclays Plc, the U.K.’s third- biggest bank, is in talks to sell its asset management unit for as much as $12 billion, with BlackRock Inc. among interested bidders, the Wall Street Journal said, citing unidentified people familiar with the matter.

The business includes the exchange-traded funds unit iShares, which Barclays agreed to sell to CVC Capital Partners Ltd. for $4.4 billion two months ago, the newspaper said.

The iShares and securities-lending units each generate as much as a third of the profit for the Barclays Global Investors subsidiary, the newspaper said, citing a person familiar with the situation. BGI had a pretax profit of 595 million pounds ($903 million) in 2008, the Journal said.

Barclays does not comment on speculative stories, a company spokeswoman in London said when contacted by Bloomberg today.

To contact the reporter on this story: Dan Hart in Washington at [e-mail]

Jun 03 11:10 AM

[buyforeclos...:]

Cramer ONLY pumps his charitablke trust stocks... this guy didnt even reccomend buying AUY in the 3's it hit 12 the other day..WHY? Because he sold out at a loss in the 12's

Nice

Jun 03 11:37 AM

[Victhom:]

I respect the fact that Cramer has made a large sum running ahedge fund but I think he is manic depressive and contradicts himself more often than not

watch this...

www.youtube.com/watch?...

Jun 03 12:55 PM

[Victhom:]

Jim Cramer explains how the Stock Market is Manipulated

www.youtube.com/watch?...

Any politicians in Washington watching this show??

Jun 03 01:02 PM

[dcb:]

Jim cramer is part of the goldman group. so he has been conditioned to tell you to stay away from something when he wants to take a position, then tell you to buy when you should be selling. that way you may get the chump change profits and the players keep the rest.

Jun 04 08:39 AM

[Victhom:]

Nomura report on Barclays from CNBC...

Hey Jim Explain this???

www.cnbc.com/id/31091877

Jun 04 10:25 PM

[Victhom:]

Hey Jim watch this...LOL

www.ft.com/cms/s/0/ff3...

Jun 08 07:02 PM

[Victhom:]

NOW Barclays will have 20% in BlackRock....not bad JIM Right?? LOL

Jun 08 07:03 PM