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CNBC's Jim Cramer is telling investors to look at companies that are in secular bull markets. The belief is that certain companies and their stocks can continue to do well, in spite of what happens in Washington with the debt ceiling debate. One new report states that: "Starting Friday, Cramer said investors can slowly start to buy into these "short-term, Washington-inspired" pullbacks. The "Mad Money" host recommends investors start small and then gradually build their positions as these stocks continue to take a hit." Cramer likes aerospace, oil and gas, trucks, plastics, high-end retail, agriculture, and technology.

Here is a review of some Cramer "secular bull" stock picks in the sectors mentioned above:
Boeing (NYSE:BA) is a major aerospace and defense company. This stock was trading around $76 in early July, has pulled back to about $70 due to the recent market decline. If it drops below $70 on the debt ceiling fears, it looks particularly attractive.

Here are some key points for BA:

Current share price: $70.66

The 52 week range is $59.48 to $80.65

Earnings estimates for 2011: $4.11 per share

Earnings estimates for 2012: $5.30 per share

Annual dividend: $1.68 per share, which yields 2.3%

Book value: $5.30 per share

Baker Hughes (NYSE:BHI) provides drilling products and services to the oil and natural gas industry. This stock has actually surged from about $70 in late June to around $78, so it has not seen much of a pullback yet. If it gets closer to $70 in a market decline, the stock looks like a solid buy based on earnings growth.

Here are some key points for BHI:

Current share price: $78.17

The 52 week range is $36.76 to $81

Earnings estimates for 2011: $4.29 per share

Earnings estimates for 2012: $5.81 per share

Annual dividend: 60 cents per share, which yields .8%

Book value: $33.52 per share

Cummins (NYSE:CMI) manufactures diesel and natural gas powered engines for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, oil and gas, rail, and other markets. This stock dipped to about $93 in June, if it gets around this level again, it would be a great entry point for long term investors.

Here are some key points for CMI:

Current share price: $105.74

The 52 week range is $71.51 to $121.49

Earnings estimates for 2011: $8.14 per share

Earnings estimates for 2012: $9.83 per share

Annual dividend: $1.60 per share, which yields 1.5%

Book value: $25.05 per share

Dow Chemical (NYSE:DOW) is a maker of plastics, adhesives, specialty films, synthetic rubber, specialty resins, polyurethane foams , and many other related products. This stock has pulled back from recent highs of about $36.50 and looks like a solid value at $35 or less.

Here are some key points for DOW:

Current share price: $35.37

The 52 week range is $22.55 to $42.23

Earnings estimates for 2011: $2.93 per share

Earnings estimates for 2012: $3.58 per share

Annual dividend: $1 per share, which yields 2.8%

Book value: $16.18 per share

Potash (NYSE:POT) mines and produces potash, which is used as fertilizer. This stock has jumped from about $52 in June and has held up very well in the recent market correction. I think these shares would be safer to buy on any pullbacks to about $55 or less.

Here are some key points for POT:

Current share price: $59.10

The 52 week range is $32.58 to $63.97

Earnings estimates for 2011: $3.51 per share

Earnings estimates for 2012: $4.05 per share

Annual dividend: 29 cents per share, which yields .5%

Book value: $8.40 per share

Nordstrom (NYSE:JWN) is a leading upscale retailer of clothing. This stock was trading around $42 and has risen sharply in just a few weeks. This stock looks extended now and is trading at more than 15 times earnings. I would consider this stock in the low $40 range.

Here are some key points for JWN:

Current share price: $50.18

The 52 week range is $28.44 to $52.15

Earnings estimates for 2011: $3.05 per share

Earnings estimates for 2012: $3.52 per share

Annual dividend: 92 cents per share, which yields 1.8%

Book value: $9.71 per share

Data is sourced from Yahoo Finance. No guarantees or representations are made.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Disclaimer: Hawkinvest is not a registered investment advisor and does not provide specific investment advice. The information is for informational purposes only. You should always consult a financial advisor.

Source: Jim Cramer: 5 Stocks in Secular Bull Markets