Recap of Jim Cramer’s comments on Stop Trading! Tuesday December 5. Click on a stock ticker for more analysis:
Exxon (NYSE:XOM), Chevron (NYSE:CVX) and Conoco (NYSE:COP):Cramer thinks that Exxon is going from $78 to $80 because mutual funds which "want to put the tiger in their tank ... without being levered to oil" like Exxon, which is more interested in huge buyback plans than dealing with its surplus and devotes less of its budget for capital spending than its competitors. Cramer likes Chevron and Conoco, both of which also have big buyback strategies, and Conoco is poised to cut its capital spending. Cramer notes that Chevron has a good dividend.
Corning (NYSE:GLW): Cramer says that Corning is a buy because of an anticipated shortage in fiber-optics, GLW's diesel engine technology, and he predicts that its liquid-crystal display screens will be a hot item for the holidays.
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