Falling Timbers - Cramer's Stop Trading! (4/24/08)

by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Thursday April 24. Click on a stock ticker for more analysis.

Occidental Petroleum (NYSE:OXY): The market is beating up oils, and Cramer thinks this pummeling will continue until Monday, when he would buy OXY. He is amazed that OXY is such an overlooked oil and likes it for its exposure to natural gas.

Weyerhaeuser (NYSE:WY), Temple-Inland (NYSE:TIN), Louisiana-Pacific Corp (NYSE:LPX): In spite of timber's falling prices, Cramer is bullish on the sector because he feels it will get lumped together with agriculture. He likes WY the best for its yield.

Sovereign Bancorp (SOV), Ambac (ABK), Merrill Lynch (MER): Cramer thinks SOV is in trouble after Moody's cut ratings and analysts slashed estimates. He comments no one wants to buy SOV and says it was spared only because Thursday was an up day. Cramer notes MER should have been down on ABK's bearish news, but rallied on the announcement it will not cut its dividend.

Apple (NASDAQ:AAPL), Hewlett Packard (NYSE:HPQ), Dell (NASDAQ:DELL): Cramer chose gadget stock Apple as the best way to play the $600 stimulus package. He notes HPQ and Dell are becoming radio companies and AAPL is becoming a TV company.

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