Cramer's Stop Trading! The IPO to Watch This Week (9/18/09)

Stocks discussed on Jim Cramers Stop Trading! TV Segment, Friday September 18.

Tenet Healthcare (TNH), Procter&Gamble (PG), Colgate Palmolive (CL)

Eight IPOs will be introduced this week, the most since December 2007. The IPO to watch is Select Medical, which operates specialty hospitals focusing on acute long-term care. Cramer says this is a high priced business in a sector that has been red hot. He is not concerned that Obama's proposed reforms might hurt Select Medical, since Tenet seems to have confounded similar worries with strong performance.

Citigroup upgraded Procter&Gamble to a buy from a hold because of the company's honesty in admitting it is being outperformed by Colgate-Palmolive and Unilever.

Cramer says the intense interest in eco-friendly auto batteries "feels like ethanol," and it will only be a matter of time before this fad is replaced with another. Cramer thinks the next big thing will be natural gas.

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Comments

[Mainah:]

Tenet Healthcare (THC) not TNH

Sep 21 11:11 AM