Mad Money / Jim Cramer Daily Recap 5/7/09
May 7th, 2009 / 10:15 pm / by OnlineTradersForum.com
Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.
On Thursday Cramer reassured viewers that the action today was a classic market pullback, and that the current bull market is still intact. Cramer said he would be a buyer of banks, as conditions are right for them to begin making bigger profits. “Nationalizion is off the table,” he said.
Bullish
Abbott Laboratories (ABT) (Lightning Riound)
AT&T (T) (Lightning Riound)
Dominion Resources (D) (Lightning Riound)
Federal Realty Investment Trust (FRT) (CEO interview on Mad Money)
Gilead Sciences (GILD) (Lightning Riound)
Goldman Sachs (GS) (discussed on Mad Money)
Huntington Bancshares (HBAN) (discussed on Mad Money)
Morgan Stanley (MS) (discussed on Mad Money)
ON Semiconductor (ONNN) (”speculative “) (featured on Mad Money)
Sterling Bancshares (SBIB) (discussed on Mad Money)
Texas Capital BancShares (TCBI) (discussed on Mad Money)
Verizon (VZ) (Lightning Riound)
Wells Fargo (WFC) (discussed on Mad Money)
Bearish
International Bancshares (IBOC) (featured on Mad Money)
Telefonica (TEF) (Lightning Riound)