Jim Cramer's Wall Street Confidential Picks, May 7

Recap of Jim Cramer’s comments on Wall Street Confidential, Monday May 7. Click on a stock ticker for more analysis:

Alcoa (AA), Alcan (AL), BHP Billiton (BHP), CVRD Rio (RIO)

Cramer thinks AA bid for AL because it wanted to prevent rivals BHP and RIO from making an initial move. He comments AA has been desperately trying to raise its stock price by every means possible, including selling divisions, but it is still at $35 in spite of a great quarter. He added, "I think Alcan would put itself up for sale and have a real bidding auction rather than do a deal with Alcoa." If a deal does go through, Cramer says it is "worth watching" because it could lead to an antitrust decision.

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