Bloomberg News

Jim Cramer: Allegheny Technologies, Boeing, Apple Computer

By Steven Bodzin
December 01, 2006

Companies Mentioned

  • ATI

    Allegheny Technologies Inc

    • $28.26 USD
    • -0.91
    • -3.22%
  • BA

    Boeing Co/The

    • $100.0 USD
    • 0.25
    • 0.25%
  • AAPL

    Apple Inc

    • $445.15 USD
    • 3.01
    • 0.68%
  • NVDA

    NVIDIA Corp

    • $14.54 USD
    • -0.09
    • -0.62%
  • OMX

    OfficeMax Inc

    • $12.71 USD
    • 0.13
    • 1.02%
  • BIG

    Big Lots Inc

    • $38.28 USD
    • -0.14
    • -0.37%
  • NUE

    Nucor Corp

    • $45.22 USD
    • -0.48
    • -1.06%
  • VFC

    VF Corp

    • $183.82 USD
    • -1.30
    • -0.71%
  • DVN

    Devon Energy Corp

    • $57.84 USD
    • -0.45
    • -0.78%
  • SHLD

    Sears Holdings Corp

    • $50.25 USD
    • -7.92
    • -15.76%
  • USG

    USG Corp

    • $27.8 USD
    • -0.53
    • -1.91%
  • CSCO

    Cisco Systems Inc

    • $23.53 USD
    • 0.02
    • 0.08%
  • PETM

    PetSmart Inc

    • $69.48 USD
    • -0.84
    • -1.21%
  • GS

    Goldman Sachs Group Inc/The

    • $158.72 USD
    • 1.31
    • 0.83%
  • CWTR

    Coldwater Creek Inc

    • $3.73 USD
    • -0.05
    • -1.34%
  • JNJ

    Johnson & Johnson

    • $86.82 USD
    • -0.39
    • -0.45%
  • SFY

    Swift Energy Co

    • $14.0 USD
    • -0.21
    • -1.5%
  • ANF

    Abercrombie & Fitch Co

    • $50.02 USD
    • -4.35
    • -8.7%
  • JDSU

    JDS Uniphase Corp

    • $13.07 USD
    • -0.10
    • -0.77%
  • TIVO

    TiVo Inc

    • $12.91 USD
    • 0.14
    • 1.08%
  • SCSS

    Select Comfort Corp

    • $20.91 USD
    • 0.08
    • 0.38%
  • TPX

    Tempur-Pedic International Inc

    • $43.08 USD
    • 0.64
    • 1.49%
  • PETS

    PetMed Express Inc

    • $13.22 USD
    • 0.15
    • 1.13%
  • AMTD

    TD Ameritrade Holding Corp

    • $22.39 USD
    • 0.07
    • 0.31%
  • SCHN

    Schnitzer Steel Industries Inc

    • $26.27 USD
    • 0.15
    • 0.57%
  • ABT

    Abbott Laboratories

    • $37.76 USD
    • 0.28
    • 0.74%
Market data is delayed at least 15 minutes.

Allegheny Technologies Inc. (ATI), a seller of titanium and stainless steel, will keep benefiting from aircraft industry demand, Jim Cramer said on his ``Mad Money'' television program on CNBC.

Cramer, a market commentator and former hedge-fund manager, said Boeing Co. (BA) had locked in $2.5 billion worth of titanium at current prices, showing that the aircraft maker is betting that prices will rise.

In response to callers, Cramer recommended Boeing stock on Airbus's difficulty making planes and said he thought Apple Computer Inc. (AAPL) would rise to $120 a share.

Cramer said gold miners may rise because investors believe that the dollar is plummeting and commodities can rise. Because of that widespread belief, he recommended Yamana Gold Inc. (YRI)

While Barrick Gold Corp. (ABX) and Newmont Mining Corp. are growing too slowly and Cia. de Minas Buenaventura S.A. is too risky, Yamana's work in the relatively stable country of Brazil makes it a good bet, he said. For a more speculative stock, he recommended Crystallex International Corp.

Lundin Mining Corp. (LUN) is another company to protect against the weak dollar, Cramer told a caller.

Top performers on the Standard & Poor's 500 Index coming into December tend to continue to rise through the month, Cramer said. On that basis, he recommended Allegheny Technologies, Nvidia Corp. (NVDA), OfficeMax Inc. (OMX), Big Lots Inc. (BIG) and Nucor Corp. (NUE)

He recommended VF Corp. (VFC) because apparel companies can still grow and said he would buy Timberland Co. first thing Monday morning because he thinks it could be an acquisition target for VF Corp.

Cramer recommended Devon Energy Corp. (DVN), Sears Holdings Corp. (SHLD), USG Corp. (USG), Cisco Systems Inc. (CSCO), PetSmart Inc. (PETM), Goldman Sachs Group Inc. (GS), Allegheny Technologies Inc., Coldwater Creek Inc. (CWTR), Dynegy Inc. and Johnson & Johnson (JNJ) in response to questions during the show's ``Lightning Round'' segment.

He also told viewers to avoid Swift Energy Co. (SFY), Abercrombie & Fitch Co. (ANF), JDS Uniphase Corp. (JDSU), China Mobile Ltd. (941), TiVo Inc. (TIVO), Select Comfort Corp. (SCSS), Sealy Corp. (ZZ), Tempur-Pedic International Inc. (TPX), PetMed Express Inc. (PETS), TD Ameritrade Holding Corp. (AMTD), Schnitzer Steel Industries Inc. (SCHN), Burlington Northern Santa Fe Corp., J.C. Penney Co. and Abbott Laboratories. (ABT)

He said he owns Johnson & Johnson for his charitable trust.

To contact the reporter on this story: Steven Bodzin in San Francisco at sbodzin@bloomberg.net.

To contact the editor responsible for this story: Aimee Sullivan at asullivan@bloomberg.net.

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus