Jim Cramer's Stop Trading! Stock Picks and Comments, Feb. 5
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National Oilwell Varco (NOV)
Buy National Oilwell Varco (NOV - Cramer's Take - Stockpickr) "right here, right now," Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.
Cramer said the oil-rig builder "has a sanctioned monopoly" and is printing money "like the U.S. Mint." He expects the stock, up $4 Tuesday to $64 and change, to hit $70 "in a heartbeat."
Cramer also likes FedEx (FDX - Cramer's Take - Stockpickr), which he called a cheap stock that's "best in show." Cramer expects the company to benefit from another stumble by rival UPS (UPS - Cramer's Take - Stockpickr) and to surge 30% from a recent $114.
Last but certainly not least, Cramer reiterated his strong buy on Countrywide (CFC - Cramer's Take - Stockpickr), citing Tuesday's news of another bankruptcy in the subprime lending arena. Cramer said the shakeout in subprime means investors should buy the so-called best-of-breed player, Countrywide, which Cramer said will be taking market share.
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