Cramer's Stop Trading! Another Great Secondary Offering (6/11/09)

Stocks discussed on Jim Cramer's Stop Trading! Thursday June 11.

Vulcan Materials (VMC), U.S. Steel (X), Anadarko Petroleum (APA), Boeing (BA), Jones Apparel (JNY), Wal-Mart (WMT), Panera Bread (PNRA), Salesforce.com (CRM), Microsoft (MSFT), Oracle (ORCL)

Cramer predicts good things for Vulcan Material's secondary offering, given similar success for other companies in the sector; U.S. Steel is up $17 and Anadarko has gained $6 since their secondary offerings. Funds raised by the secondary will help Vulcan clean up its balance sheet, and stimulus spending will be good for this stock.

Cramer reiterated his recommendation of Boeing going into the Paris Air Show June 15. He expects the long-delayed release of the 787 Dreamliner to happen soon.

While The Street doesn't like Jones New York's balance sheet, Cramer notes the company has been able to refinance debt at a low rate. The clothing maker's relationship with Wal-mart is an added plus.

Cramer likes Panera bread, but wouldn't buy stock in the company. He thinks restaurant stocks are pretty lackluster right now.

Software companies Microsoft, Salesforce.com and Oracle have been making some good moves, but this good has not been widely reported, noted Cramer; Software stocks are exploding here,” Cramer said, “and you don’t hear a word about them.”

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