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Oct.10
9:54 PM ET
Friday, 10 Oct 2008
Lightning Round: Chesapeake, Corning, J&J and More
Topics:Stock Picks | Stock Market
Companies:Chesapeake Energy Corp | AK Steel Holding Corp | Corning Inc | Johnson and Johnson
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Johnson & Johnson [JNJ
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]: JNJ is a buy, Cramer said. This stock bounced back early after the crash of ’87 and Johnson & Johnson could do it again.
Corning [GLW
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]: Cramer said to wait until this $12 stock pulls below $10 before you consider buying.
AK Steel [AKS
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]: The steel stocks still have lower to go, Cramer said. Go with Nucor instead because at least it has a dividend.
Chesapeake Energy [CHK
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]: A Wall Street Journal story reported that CHK is out of cash, Cramer said, so this stock is a “don’t buy” for now.
Jim's charitable trust owns Johnson & Johnson.
© 2008 CNBC, Inc. All Rights Reserved
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