Cramer's Stop Trading! ETFs Are All About Fees (11/9/10)

Includes: ATLS, CHK, CVX, NFG
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday November 9.

Chevron (NYSE:CVX), Atlas (NYSE:ATLS), National Fuel Gas (NYSE:NFG), Chesapeake Energy (NYSE:CHK)

Cramer vented about critics who are allegedly making ad hominem attacks against Herb Greenberg because of his remarks about problems with ETFs. Cramer explained that some ETFs "were approved when they were rubber stamping everything and they never knew the market would be this big. Now it's the tail wagging the dog and they [ETFs] are stunting capital." Those who deny there are problems with some ETFs are like those who said frequency trading was not a problem before the Flash Crash. "ETFs are all about fees."

On news that Chevron (CVX) is buying Atlas (ATLS) for $4.3 billion, Cramer didn't name a next takeover target, but he mentioned that National Fuel Gas (NFG) is "going higher" and has a utility business as protection if a deal doesn't come through. While Chesapeake Energy (CHK) has the advantage of being able to sell off its valuable assets, NFG has an investment bank aiding it in unlocking value.


Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.

About this article:

Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here