Jim Cramer was bullish on Wal-Mart (WMT) - Get Report, Verizon (VZ) - Get Report, McDonald's (MCD) - Get Report and Dominion Resources (D) - Get Report on his "Mad Money" show Monday night. All four companies traded higher Tuesday.
On Tuesday, shares of Wal-Mart closed higher, up $1.16, or 2.44% to $48.67. Shares of Verizon closed higher, up $1.43, or 5.46% to $27.61. Shares of McDonald's closed higher, up $0.28, or 0.54% to $52.60. Shares of Dominion closed higher, up $0.72, or 2.64% to $28.01.
He noted that some stocks such as Wal-Mart, Verizon and McDonald's, which he owns for his charitable trust,
, are getting too cheap to pass up.
Cramer also interviewed Duke Energy CEO Jim Rogers, to find out how President Obama's cap-and-trade carbon initiatives would hurt the company's bottom line, and how the company plans to move to a greener future.
Rogers said that Duke Energy will not be put out of business by Obama's initiatives. He said the company has both a strong balance sheet and is actively working to help shape the legislation to have as little impact on consumers as possible. He said Duke is doing a lot to move towards a greener future, including investing in both wind and solar facilities, as well as a new proposed nuclear facility.
In terms of the utilities sector, Cramer said he still prefers Dominion Resources.
At the time of publication, Cramer was long Wal-Mart, Verizon and McDonald's.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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