'RealMoney' Radio Recap: Katrina Plays
A caller asked if Todco (THE) had suffered much damage in Hurricane Katrina. Cramer said Todco is presenting Wednesday at a Lehman Brothers energy and power conference. Cramer recommended not making a move in Todco's stock until you hear what the company has to say.
In response to a question about 7-Eleven (SE), Cramer said he would "ring the register."
Cramer also commented on Clorox (CLX) as a possible Hurricane cleanup play. Cramer said he liked Clorox but not for the hurricane cleanup. Although Clorox may spike short term, Cramer likes Clorox long term as a play on a slowing economy.
Finally, in response to a question on Halliburton (HAL), Cramer said oil service stocks like Halliburton were not doing well. But, unlike other oil service stocks, Halliburton has a construction business, which should benefit from the hurricane rebuilding effort. However, Cramer recently sold some of his Halliburton holdings because the stock has had a big run.
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