Cramer's Lightning Round - Citigroup's Stairstep Pattern (2/2/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday February 2.

Bullish Calls:

Citigroup (NYSE:C): "Is doing its classic backing and advances too far ahead of the quarter. They report the quarter, quarter is fine, then it sells off ... a lot of speculators hit it and then it regroups and starts going higher. This is the same stairstep pattern that I like so, so much when I buy an under $10 stock, and Citigoup has it. I would buy it in spades."

Tractor Supply Company (NASDAQ:TSCO), Agrium (NYSE:AGU), Deere (NYSE:DE), Mosaic (NYSE:MOS): "[TSCO] is part of the major bull market in agriculture...I'll put in Mosiac, Agrium and Deere."

Statoil (NYSE:STO): "I like Statoil. It is conservative. It is well-run. It doesn't have the growth I like, but that is okay. It is very steady and a good yielder."

Honeywell (NYSE:HON), Eaton (NYSE:ETN): "People would rather own Honeywell or Eaton (than EnerNoc) if they want to save on energy. I don't blame them. Those are better companies."

Verizon (NYSE:VZ), Windstream (NASDAQ:WIN), Frontier (NYSE:FTR): "I don't like it (AT&T) as much as Verizon, and not just because of the iPhone, because I like the Fios buildout... there are better plays: Verizon, Windstream, and yes, Frontier is better than AT&T."

El Paso (EP): "I have slighted and neglected EP. It is a terrific natural gas (stock), even up here it represents real value. I would buy EP."


QR Energy (NYSE:QRE): "I've got to do more work on it. I don't know it well enough to give you an answer. We will come back on that."

Bearish Calls:

EnerNoc (NASDAQ:ENOC): "We recommended has not been that good a stock. I still like the long-term thesis on energy saving. People would rather own Honeywell or Eaton if they want to save on energy. I don't blame them. Those are better companies."

AT&T (NYSE:T): "I don't like it as much as Verizon."


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