Cramer's Stop Trading! Obama Killed the Market (3/3/10)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday March 3.

Anadarko Petroleum (NYSE:APC), Devon (NYSE:DVN), DineEquity (NYSE:DIN), Chipotle Mexican Grill (NYSE:CMG), Radioshack (NYSE:RSH), Tesoro (NYSE:TSO), Marathon Oil (NYSE:MRO)

One prediction Cramer thinks is quite solid is to expect stocks to take a major dip every time President Obama takes the podium. While stocks were heading up early on Wednesday "Obama killed the market" when he started talking about healthcare reform. These proposals will be expensive for business owners and the President is giving little reassurance.

Cramer thinks Anadarko Petroleum (APC) is going to buy some international properties from Devon (DVN). These properties are worth more than anyone realizes and "Devon at $70 is ridiculously cheap," he said.

DineEquity (DIN) reported a strong quarter Wednesday, and Cramer compared it to Chipotle (CMG) which has a new restaurant brand, is expanding into Europe and is "not done going up."

Radioshack (RSH) is "a leveraged buyout waiting to happen" with plenty of cash on hand and momentum to drive it higher.

On Tesoro's (TSO) sudden rise in share price, Cramer would buy Marathon Oil (MRO), which like Tesoro, has refining but also "owns some great oil properties."


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