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Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday June 9.

Nike (NYSE:NKE), Under Armour (NYSE:UA), Caterpillar (NYSE:CAT), DuPont (NYSE:DD), 3M (NYSE:MMM), Weatherford International (NYSE:WFT), EOG Resources (NYSE:EOG), Range Resources (NYSE:RRC), Chesapeake Energy (NYSE:CHK)

There have been whispers at investment houses about weak orders in Nike (NKE). Cramer said; “How great would it be if you had a guide down ahead of World Cup?” Cramer is bullish on the stock and thinks the World Cup is a long-term, not a short-term trend for the company, as is growth in China. While competitor Under Armour (UA) is opening a store in Shanghai, Cramer prefers Nike as best-of-breed.

Caterpillar's (CAT) raised dividend is a sign that it and other companies like DuPont (DD) and 3M (MMM) are doing better than people realize. Cramer said Caterpillar is “one of the strongest stories out there, and it just got stronger.”

Weatherford International (WTF) made comments that natural gas drillers outside of the Gulf of Mexico and on land will benefit from the oil spill scandal. In spite of concerns that natural gas might cause water pollution, Cramer noted that EOG Resources (EOG) saw its share price recover quickly following its 16 day suspension after a water pollution accident. Shares of Range Resources (RRC), National Fuel Gas (NYSE:NFG) and Chesapeake Energy (CHK) also snapped back after the scandal.

“We’re seeing a bid underneath in these stocks,” Cramer said, “that I find to be encouraging.”


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Source: Cramer's Stop Trading! A Guide Down Will Be Good for Nike (6/9/10)