Cramer's Stop Trading! Micron's Time Is Here (2/8/11)

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Includes: EPD, MU, XOM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday February 8.

Enterprise Partners (NYSE:EPD), Micron (NASDAQ:MU), JPMorgan (NYSE:JPM), Exxon Mobil (NYSE:XOM)

A fire at a natural gas fractionation plant shows that natural gas is not without its risks, but Cramer insists that "anything you take out of the ground is going to have risks." He likes Enterprise Partners (EPD) with its 6% yield and thinks it is even a bit better than Kinder Morgan Partners (NYSE:KMP) because it has better cash flow coverage. Concerning liquified natural gas for transport, there is a controversy; The Department of Energy thinks there is not enough natural gas to transport, the industry thinks there is and Exxon (XOM) believes there are enough uses in power plants to make exporting natural gas unnecessary. Meanwhile, Congress is considering whether to give subsidies for natural gas powered trucks.

JPMorgan's (JPM) willingness to accept gold as collateral gives support to the idea that gold is a currency rather than a trade. When gold is held by 5% of the world's portfolio, up from its current 1%, then there can be discussion about whether or not it is overvalued.

With Micron's (MU) analyst meeting on Friday, Cramer would do homework on the stock, which has a good flash and DRAM story and could go up and up. "Micron's time is here...and it is having a resurgence."

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