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Jan.05
8:29 PM ET
Monday, 5 Jan 2009
Lightning Round OT: Transocean, Huntsman and More
Topics:Stock Picks | Stock Market
Pharma Product Development [PPDI
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]: In a weak economy, this is a good sector to own, Cramer said. He also likes Covance [CVD
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].
Transocean [RIG
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]: Cramer recommended taking profits in RIG after a recent run in the stock. He said he’s worried about order cancellations given the lower price of oil, so “I don’t want to own it” – even though it looks cheap.
Huntsman [HUN
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]: Huntsman “represents an interesting call option on a turn,” Cramer said, but most call options “end at zero.” So investors should proceed with caution.
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