Are You Diversified?
Published: Thursday, 19 Jul 2007 | 11:42 AM ET
“This is one of the easiest ones I’ve ever had on the show,” Cramer said. Kurt’s got a food and ethanol play in ADM, oil in OXY, earth mover in CAT, infrastructure in FWLT and a mineral in FCX. “Boom! That’s what I wanna see!”
Uh-oh. Duke is a utility. Con Ed is a utility. AT&T is a utility. Cramer is willing to keep T and ED, but he would swap out of Duke and pick up a machinery or infrastructure play.
So close. Cramer is bullish on Peabody, his favorite coal company, Apple, one of four horsemen of tech, CBI, a “classic” infrastructure play and Nastech for a speculative stock. But Jones Soda is a spec, too. “I want you to sell the Jones. Why not buy a healthcare name? Couldn’t hurt ya.”
Jim’s charitable trust owns Freeport-McMoRan and Caterpillar.
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Can you imagine if you owned nothing but financials today? Days like this show how important it is to spread the love and not pile all your money into one sector. That’s why Cramer plays "Am I Diversified?"Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.