Obama Nat Gas Endorsement a ‘Game Changer’
Web Editor, "Mad Money"
Cramer on Wednesday finally heard President Obama endorse natural gas in a way he’d never done before, mentioning what the Mad Money host sees as a viable alternative to crude oil in the same breath as nuclear energy.
“It’s a major game changer,” Cramer said during Stop Trading!.
Cramer has been talking up nat gas as a cleaner, cheaper, more plentiful fuel source that would help wean the US off its addiction to foreign oil, but his calls have gone largely unheard in Washington, specifically at the White House. That President Obama included natural gas in his speech today at Carnegie Mellon, in Pittsburgh, within the boundaries of the Marcellus Shale, is “big,” Cramer said.
He credited the president’s nod to nat gas for boosting futures prices, as well as the stocks like Southwestern Energy , Devon Energy , EQT , Range Resources and National Fuel .
Turning to tech, Cramer reiterated his buy call on Yahoo! , saying it was a “major multiyear turnaround with very little downside” because of the company’s Chinese assets and cash on hand. He thinks Chinese assets in particular are undervalued, making YHOO “one cheap stock.”
It “makes sense” that AT&T is changing its pricing for mobile data plans, Cramer said, but he still likes Vodafone more right now. He thinks VOD, held back by the debt troubles in Europe, offers more growth. In the end, though, Apple is still his favorite smartphone play. He expects the popular iPhone to snatch a significant share of Nokia’s market in China.
“People want the iPhone,” Cramer said.
When this story published, Cramer's charitable trust owned Apple.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com