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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday May 2. Click on a stock ticker for more analysis.

Dover (NYSE:DOV)

Old tech companies are “shadows of their former selves,” and Cramer has spent the week discussing manufacturing companies which use new technology to solve the world’s problems. Dover, which has risen 26% since Cramer’s initial recommendation in August 2005 has a potpourri of businesses including electronics, mobile equipment, engineering products, industrial winches, energy and fluid solutions. Dover is working on conserving energy and has even developed a solar-powered trash compactor. Domestic woes are not hurting Dover which does 45% of its business overseas and is growing 25% in Asia. Shareholders also benefit from the company’s $311 million share buyback program, and Dover is one of the top five dividend raisers on the S&P 500. The company trades at only a 12.6% multiple with a 15% long-term growth rate, and is cheap.

CEO Interview: Ken Powell, General Mills (NYSE:GIS)

Of General Mills Cramer says, “There is probably no other stock I have consistently recommended in my career.” GIS has not been suffering from rising raw costs because people are sticking with its dependable brands, and GIS is growing internationally, although Cramer said he wished the company would expand more overseas. Its revenues have risen 20% and it is buying back shares aggressively. Ken Powell says the company is thriving in spite of high raw costs because cereal is the staple of the American diet and people are sticking by GIS’s dependable brands. At the same time, the company is constantly growing and innovating. GIS believes so much in its brands that it is able to increase prices to protect its revenues as raw costs are on the rise. Concerning the government’s policy on ethanol, Powell said,“There’s no doubt this is the wrong time for ethanol. There’s never been a greater demand for food as food.”

Game Plan: Cleveland Cliffs (NYSE:CLF), Andarko (NYSE:APC), Fannie Mae (NYSE:FMN), Cisco (NASDAQ:CSCO) and Transocean (NYSE:RIG)

Cramer is betting against the recent rotation out of industrials and commodities into tech, financial and retails and thinks smart money will just rotate back again into winning sectors like agriculture, industrials and oil. However, he would take a look at earnings reports next week from key players CLF, APC, FMN, CSCO and RIG before deciding whether or not this prediction is correct.

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