Caterpillar Squashed
July 20, 2007
At record highs, the Dow Jones Industrial Average felt one of its pillars crumble on Friday as Caterpillar recorded a big earnings shortfall.
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Shares recently were sliding $7.43, or 8.5%, to $79.55.
That is a big drop.
Cramer says buy Conoco Phillips
July 11, 2007
$80.00 to $100.00 stocks are the ones heading to Par ($100) that tend to go to $120.00.
One such name is ConocoPhillips (NYSE:COP). This is on the might of the mutli-billion dollar buyback that is a “buy-high and sell-higher” trade. It has gone through $80.00 and could go through $100.00. The real story is the oil industry and it being great. It is only at 9.7 times forward earnings and Cramer thinks it is undervalued after it announced it will buyback 10% of its stock.
I’m keeping an eye on this one and adding it to my tracking stock list. I’m already tracking Catepillar Inc. also recommended by Kramer as a buy.
