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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday September 10.

United States Natural Gas Fund Is Terrible Paper (NYSEARCA:UNG), Devon (NYSE:DVN), Apache (NYSE:APA), Anadarko (NYSE:APC), Linn Energy (NASDAQ:LINE), First Trust’s ISE-Revere Natural Gas (NYSEARCA:FCG)

Cramer urges anyone who holds the ETF UNG to sell immediately or they could suffer the same fate as those who invested in DXO, Deutsche Bank's oil ETF. Shareholders were deprived of a premium when a halt was placed on issuing new shares, and Cramer thinks the same will happen in the case of UNG. This fund does not even hold natural gas, but instead trades in near-month futures contracts, and amid all the rollovers, gains in natural gas prices can be lost. UNG is performing more poorly than natural gas and is down 28% while the fuel is hitting a 26% price decline. Cramer prefers buying natural gas stocks like Devon, Apache, Anadarko and Linn. For those who feel they must own an ETF, Cramer recommends FCG, which is up 5% over the last three months in spite of declines in natural gas.

Concerning UNG Cramer remarked: "I think it is a huge mistake. The thing shouldn't exist."

Procter & Gamble (NYSE:PG), General Mills (NYSE:GIS)

When picking stocks, Cramer would look to the bottom of the class, not at the stocks which consistently outperform. General Mills is like an A student that continues to get high marks. When General Mills announced a better-than-expected number, its share price inched up 36 cents. However, Procter & Gamble, which reported a bad quarter last time around, merely met expectations and the stock price rose $2.28, or 4%. Cramer likened Procter & Gamble to a D student who finally got a B-, while General Mills' straight A performance makes The Street bored; “Investors only care about what they don’t expect," said Cramer. He is bullish on Procter & Gamble because it has further to run and is a good play on the weak dollar.

American Tower (NYSE:AMT), Crown Castle (NYSE:CCI), Apple (NASDAQ:AAPL), AT&T (NYSE:T), SBA Communications (NASDAQ:SBAC), CommScope (CTV)

Since iPhone customers are "data guzzlers" and complain about delayed messages and slow speeds due to pressure on the network, AT&T is undertaking an $18 billion expansion of its cell towers. Beneficiaries of this expansion could be American Tower or Crown Castle. Cramer also would take a look at SBA Communications and CommScope, which derives 60% of its revenue from building wireless networks.


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Source: Cramer's Mad Money - United States Gas Fund Should Not Exist (9/10/09)