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Warren Buffett Watch

Warren Buffett Tells Shareholders Earnings Will Be Down, But He's Up On Banks

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Published: Saturday, 2 May 2009 | 5:23 PM ET
alex-crippen-60.jpg By: | Executive Producer
Lightning Round OT
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.

Smith International : SII is a buy, Cramer said, as are Schlumberger and Transocean .

ConAgra : Don’t buy CAG.

Genworth : Stay away from GNW for now, Cramer said. There are better insurers worth owning.







Call Cramer: 1-800-743-CBNC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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A record crowd of 35,000 Berkshire Hathaway shareholders hear Warren Buffett reveal that first quarter profits will be down almost 11 percent this year.  But he remains very bullish on banks in Berkshire's portfolio, especially Wells Fargo.

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