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Aug.13
2:07 AM ET
Wednesday, 13 Aug 2008
Lightning Round OT: El Paso, American Movil and More
Topics:Stock Picks | Stock Market
Companies:El Paso Corp | America Movil, S.A.B. de C.V. | Telefonos de Mexico | Gerdau S.A.
Gerdau [GGB
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]: Cramer said this stock has hit its bottom and he recommended buying GGB right here. The steel sector as a whole is oversold, he said.
El Paso [EP
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]: Cramer was disappointed with El Paso’s most recent quarter considering how strong natural gas prices had been. There are better nat-gas plays than EP for investors who want them.
Telefonos De Mexico [TMX
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]: TMX, and American Movil [AMX
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], are both buys, Cramer said.
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COMPANY : America Movil, S.A.B. de C.V.
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