
Cramer's 'Stop Trading!': Nucor, Maybe
"What's buoyant and bullish about this market," said Jim Cramer on CNBC's "Stop Trading!" segment on Thursday, "is Genworth (GNW) - Get Report."
Genworth Financial, which Cramer disclosed is his personal insurer, is "amazing," he said. After selling for less than a dollar within the past year, it's "moved all the way up." After a secondary offering at $11.75, the stock hit $13 today.
Synovus
(SNV) - Get Report
is "absolutely not" a good bank, Cramer said, but that hasn't mattered for other regional banks that have done secondary offerings. "They've all been kind of crummy banks, but the deals tent to work," he said. "If you can get them below the print price, it's worth doing." Synovus' offering was priced at $4 a share.
Cramer said
Eastman Kodak
(EK)
has an "absolutely terrific franchise of printers," but it runs into competition from
Hewlett-Packard
(HPQ) - Get Report
.
While he doesn't want to buy the stock, he said that since it is a "force in printers," a private equity firm might decide it's worth backing.
Nucor
(NUE) - Get Report
, which was upgraded by Citi, has "probably the best CEO in the steel business," said Cramer. With raw costs decreasing and CEO Dan DiMicco saying the infrastructure spend is yet to come, it might not be too late to get into the stock. "Maybe this is a buy," said Cramer.
At the time of publication, Cramer had no positions in stocks mentioned.
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