Stop Trading! Stock Picks and Comments, Feb. 28
CVRD (RIO): Cramer likes this stock because it has "the monopoly on nickel" and it is the sole mine the market likes right now. Unlike Nelson Bunker Hunt's attempt 27 years ago to get a hold on the silver market, CRVD has "staying power,"he said.
Sprint (S): Cramer summarizes Sprint's latest conference call to say "We're still stupid but not as stupid as we used to be." He went on to comment it was a "good quarter for a bad company," and Cramer sees the stock going to the mid-20s after its 6% jump to $19.50 if it attracts a buyer.
Qwest (Q): This stock is in the midst of a "virtuous cycle," according to Cramer as falling interest rates will enable the company to refinance. The stock is up 3% to $8.77, and Cramer predicts it will no longer be a single digit midget.
Coke (KO), Procter & Gamble (PG) and Exxon (XOM): These three stocks demonstrate Cramer's principle of following the 3 Ds now: defensive, diversified and dividend.
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