Patrick Schultz
8. Bank of America(BAC Quote - Cramer on BAC - Stock Picks): After a drubbing of over 40% of a well-known brand, I can understand the powerful temptation to bottom-fish. But the financial sector is a complete and utter mess. The unknowns far outweigh trustworthy facts. I have a big enough headache watching Citigroup crumble on a daily basis. In other words --- no way, no how, and not a chance. Am I clear? --- HOLD
9. Quanta Services(PWR Quote - Cramer on PWR - Stock Picks): I am still waiting on a pullback in shares of PWR. As I said last week, I like everything about this stock except for its current price. If and when PWR gets to the $30-$31 range, I would aggressively buy this play on the much needed rebuilding of our nation's transmission grid. --- HOLD
10. Freeport McMoRan(SQM Quote - Cramer on SQM - Stock Picks): There is a global feeding frenzy for commodities, and FCX plays right into this secular growth story. The mega-cap commodity players are on the prowl for more scale --- BHP Billiton(BHP Quote - Cramer on BHP - Stock Picks) is trying to buy Rio Tinto(RTP Quote - Cramer on RTP - Stock Picks) and Vale(RIO Quote - Cramer on RIO - Stock Picks) might be taking aim at Anglo-American(AAUK Quote - Cramer on AAUK - Stock Picks). I would not be surprised to see FCX as the next target.
Also, China and India are worried about having adequate iron ore supplies to fuel their growth, so their large national companies Chinalco(ACH Quote - Cramer on ACH - Stock Picks) and Mittal(MT Quote - Cramer on MT - Stock Picks) buy a stake in RTP as well. All of these factors bode well for FCX shareholders. Combine the insatiable demand for copper, the acquisitive nature of commodity companies and the fact that FCX is only trading at nine times forward 2009 EPS estimates, I would be an aggressive buyer here and now. BUY
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