U.S. Concrete (RMIX Quote) is directly related to housing, and therefore not doing well, Jim Cramer told a caller on his "RealMoney" radio show Wednesday.
There was a devastating press release from Toll Brothers (TOL Quote) this morning that stated there is far too much inventory, he said. "We don't need to build as many houses in this country, Cramer said, adding that "concrete is going to go lower." Textron(TXT Quote) is "a multifaceted conglomerate that is growing at 12% with a management that is heavily devoted to making you money," Cramer told another caller, adding that he can see United Technologies (UTX Quote) buying the company in a heartbeat. "It's a keeper," he said. GameStop (GME Quote) is a company Cramer said he wishes he had not sold. GameStop, the single biggest place to buy PlayStation, Nintendo and Xbox, should be bought on any pullback, he said, adding that he likes it now at $44. When a caller inquired about Yamana Gold (AUY Quote), Cramer called it the "great speculative play in this market." The nonspeculative play is to go buy Barrick Gold (ABX Quote), but Yamana is more of a secretive story, said Cramer. Right now at $10, Yamana is a buy. Cramer advised a caller to get out of Fording (FDG Quote) and get into Peabody (BTU Quote) or Arch Coal (ACI Quote). When a caller asked about UnitedHealth (UNH Quote), a stock he owns for his charitable trust, Action Alerts PLUS, Cramer recommended double downing here. He believes that UnitedHealth will be vindicated on its options backdating scandal and said that now is an opportunity to get into it. "UnitedHealth is going to $60 a share," he said. Although an analyst downgraded Teva Pharmaceutical (TEVA Quote), Cramer told a caller he heard a lot of good statements from the company Wednesday and would stay in the game.- Loading Comments...
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