Cramer's Stop Trading! Airlines Are Trading Vehicles (4/15/10)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday April 15.

Contintenal (NYSE:CAL), United Airlines (UAUA), American (NASDAQ:AMR), Ford (NYSE:F), Apache (NYSE:APA), Mariner Energy (ME), Anadarko Petroleum (NYSE:APC), MGM Mirage (NYSE:MGM), Wynn (NASDAQ:WYNN)

Flight delays over significant parts of Europe in the wake of the Icelandic volcano is bad news for Continental (CAL), United Airlines (UAUA) and American (AMR) and will "wreak havoc on earnings." With Continental starting merger talks again with United, Cramer might consider selling the stocks anyway because they have had a "tremendous run." Cramer said of airlines in general; “They’ve always been trading vehicles,” Cramer said of the airlines. “They’ve never been investment vehicles.”

Positive news about pickup trucks is going to be "huge" for Ford (F). Cramer said pickups will be "arguably the biggest profit center going forward in this company.” Cramer expects to see "massive" upgrades for Ford.

Cramer said Apache (APA) and Mariner's (ME) deal was about the former trying to seem more diversified like Anadarko (APC), but Cramer says he would rather buy Anadarko.

MGM Mirage (MGM) cited slow gambling in Vegas as the main reason for its lackluster quarter, but Cramer thinks the lion's share of the business is going to Wynn (WYNN).


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