- the stocks to buy on rising oil;
- the wrong way to do a buyback; and
- a great plan to rescue Citigroup.
Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
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the oil technology stocks I told you about last week , get to leap 3, 4, 5 points in a bound because this environment is so bullish for them. It must be so annoying to people who are not in the oils to see this endless action. But it is exactly what is driving so much of this market because you can also take up infrastructure, agriculture, minerals and solar on the lift in oil's price. If you go listen to the Shaw ( SGR) earnings conference call, you will hear that most of the big-margined business Shaw is picking up is all alternative energy -- typically nuclear. Foster Wheeler ( FWLT) and McDermott ( MDR) will get the alternative coal contracts, particularly when Congress gets its act together and declares CO2 levels that are acceptable. Over in ag, you can only imagine how much more needs to be planted. Go listen to last week's Mosaic ( MOS) call -- that stock was up huge -- and you can see that company is doubly levered, to both uranium and fertilizer -- for more plantings for renewable fuel but also for food. (You can get a sense from that call how short we are of all sorts of foodstuffs.) Minerals as a sector works because oil is also a proxy for worldwide growth in minerals. If oil sells at $85 and there is no cessation of demand, then the thinking is there will be no cessation of demand for any other raw good, particularly for copper. Gold goes up, too, as a hedge against the obvious inflation that oil causes. (Maybe it is wrong that it does that, but it does happen.) Finally, solar is a must-buy off of this, obviously, and there you are talking about the First Solar ( FSLR)/ Sunpower ( SPWR) complex, which is just on fire. All of these stocks work. And because the only businesses that seem to be hurt by oil are pure consumer -- retailers and restaurants, and even then if you have a restaurant with global exposure you aren't hurt, think McDonald's ( MCD) and Yum! Brands ( YUM) -- it is actually a win for the market because there are many companies that also are adjusting to permanent high prices of oil and profiting from it. (Go listen to the GE ( GE) call if you don't understand this.) So when you see oil up, the market will smile. But if you aren't in the Core Labs and the FMC Techs ( FMC) and the Bunges ( BG) you will kick yourself all the way to $100 a barrel oil! Random musings: I am sticking by my prediction that Citigroup ( C) CEO Chuck Prince will be out imminently because of pressure from the board of directors. This is very Morgan Stanley ( MS) now, where Phil Purcell had "everyone" behind him and in reality had almost no one behind him. At the time of publication, Cramer was long ConocoPhillips and Citigroup. General Electric owns CNBC, for which Cramer is a featured commentator.
sell block ." I'll stop short of saying they are pathetic because -- oh heck, they are pathetic. At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.