Mad Money / Jim Cramer Daily Recap 11/5/08
Wednesday, November 5th, 2008
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 Wednesday, Jim Cramer outlined what President-elect Barack Obama has to do to fix the struggling economy. The first step is to help the ailing auto industry and buy huge chunks of shares in General Motors (GM), Ford (F) and Chrysler (C). Second, Obama should solve the country’s energy independence problem by relying on the U.S.’s reserves of natural gas. Finally, Cramer said the country must fix the housing crisis by buying 1.3 million homes in the hardest hit areas of the country.
Buy
AT&T (T) (mentioned on Stop Trading!)
Caterpillar (CAT) (Lightning Round)
Comcast (CMSCA) (mentioned on Stop Trading!)
Duke Energy (DUK) (CEO interview on Mad Money)
Johnson & Johnson (JNJ) (Lightning Round)
Kinetic Concepts (KCI) (Lightning Round)
Time Warner (TWX) (mentioned on Stop Trading!)
Verizon (VZ) (mentioned on Stop Trading!)
Wellpoint (WLP) (Caller’s Stock)
Yum! Brands (YUM) (CEO interview on Mad Money)
Sell
Aecom Technology (ACM) (Lightning Round)
Hartford Financial Services (HIG) (Lightning Round)
Nokia (NOK) (Lightning Round)
Thermo Electron (TMO) (Lightning Round)
UnitedHealth Group (UNH) (Caller’s Stock)