Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of "Mad Money" and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks.
During the September 8th show, Cramer discussed the following stocks.
Oracle (NASDAQ:ORCL) and Cisco (NASDAQ:CSCO): “We've had a host of new technology recommendations in the last few days, including companies as diverse as Oracle and Cisco just this morning. Classic table pounders that intimate business is quite healthy, and that includes business in Europe. Both of them do a ton of work there, “ Cramer said.
Eaton (NYSE:ETN): This power management company provides electrical components and systems for commercial and military use. Eaton expressed that they’re experiencing no weakness and that business is humming along. The stock trades at 11.5 times earnings and the company has a $13.6 billion market cap. George Soros of Soros Fund Management owns 150,000 shares (see more of Soros’ picks here).
United Technologies (NYSE:UTX): United Technologies provides technology products and services to the global aerospace and building systems industries. They reaffirmed their strong outlook for the quarter. United Technologies has a $66 billion market cap and offers a 2.6% yield. The stock trades at 14 times earnings.
Wabco Holdings (NYSE:WBC): Wabco provides electronic and mechanical products for car manufacturers around the world. The cyclical company said Europe remains positive with room to grow. Wabco has a $3.2 billion market cap and trades at 10.4 times earnings.
PVH Corp. (NYSE:PVH): This clothing retailer owns Izod, Van Heusen, Tommy Hilfiger and other brands. Sales are up 39% from a year ago and PVH reported 2Q ‘11 earnings of $1.07 per share. CEO Emanuel Chirico said the turmoil of broader market has knocked the price down below where it was before the quarterly report. Ken Fisher of Fisher Asset Management drastically reduced his position in the stock (see more of Fisher’s holdings).
Walgreen Co. (WAG): With over 7,700 locations, Walgreen’s has been restructuring their business model to ensure future growth. WAG purchased Duane Reade for $1 billion and purchased Drugstore.com, both of which will advance Greg Wasson’s, president and CEO, multi-channel offering strategy. WAG has a $32.5 billion market cap and yields 2.5%. The stock trades at 14 times earnings.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.