Thompson Creek, the fifth-largest producer of moly, is a speculative stock because it is totally dependent on the price of the chemical. If the price of moly happens to go down, which Cramer said he doesn't expect to happen, "the stock will get hammered."
However, the global demand for stainless is strong, he said, and the prices have been strong and will only get stronger. If people believe in moly, Cramer said they should give Thompson Creek a chance.Another Speculative Play: Tenet Healthcare
Another speculative stock for viewers to consider, said Cramer, is Tenet Healthcare (THC Quote), a company that owns and operates hospitals. According to Cramer, analysts "depise" the stock, which currently is at $5.51, far above the the average price target of $3.75. Analysts are worried about liquidity issues and the company's bad debt. But Cramer, for one, loves the fact that the Street is so bearish on Tenet, because he believes the company will deliver and could go as high as $8. Tenet is a long-term buy even if it goes down next week, Cramer said. For one, value managers are always looking for new plays, and he believes Tenet is the value idea they've been looking for. Cramer likes Tenet because it saves lives, is insensitive to the economy and shows signs of turning around.- Loading Comments...
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