Cramer's Stop Trading - Did Obama Say 'Natural Gas'? (6/2/10)

 |  Includes: AAPL, DVN, EQT, NFG, RRC, SWN, T, VOD, YHOO
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading TV Segment, Wednesday June 2.

Southwestern Energy (NYSE:SWN), Devon (NYSE:DVN), EQT (NYSE:EQT), Range Resources (NYSE:RRC), National Fuel (NYSE:NFG), Yahoo (NASDAQ:YHOO), AT&T (NYSE:T), Nokia (NYSE:NOK), Apple (NASDAQ:AAPL), Vodafone (NASDAQ:VOD).

After his many pleas to Washington to support natural gas as a bridge fuel, President Obama finally mentioned natural gas in the same breath as "nuclear energy," and Cramer thinks this news is a "major game changer." He is bullish on Southwestern Energy (SWN), Devon Energy (DVN), EQT (EQT), Range Resources (RRC) and National Fuel (NFG).

Cramer reiterated his call on Yahoo (YHOO), because its undervalued Chinese assets make it "one cheap stock." He sees Yahoo entering a “major multi-year turnaround with very little downside."

Although AT&T (T) is changing its pricing for mobile phone plans, Cramer still prefers Vodafone (VOD) which is unjustifiably low because of Europe's debt crisis. Cramer's favorite smartphone play is still Apple (AAPL) which should take significant market share away from Nokia (NOK) in China because "people want the iPhone."


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