Mad Money Mailbag: Ethanol Stocks Still Have Juice
Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.
What is your investment outlook for Pacific Ethanol(PEIX Quote)? -- Ali from Canada Jim Cramer: This is difficult, because I first recommended the stock around $8 a share on my radio show. It was a big deal that Bill Gates was an investor back then, but Pacific Ethanol hasn't looked back since the president's state of the union address. The stock seems to be dominated by the daytraders these days, though I believe we're still in the early stages of the ethanol cycle -- and the stocks in this group could move higher still.
How do feel about E*Trade Financial(ET Quote) ahead of next week's earnings report? -- Al from North Carolina Jim Cramer: I believe the entire brokerage sector is white-hot these days. That said, I don't believe that anyone has better earnings momentum in this group than TD Ameritrade(AMTD Quote), which I own in my ActionAlerts PLUS charitable trust portfolio.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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