Segment 1: Game Plan
Cramer said that most people will be looking at the oil inventory number at 10:30 AM on Wednesday next week, though it won't make anyone any money. He thinks the best trade is going against the importance of this number, and buy either BP (BP), Permian Basin Trust (PBT), ConocoPhillips (COP), Williams (WMB), or one of the offshore drilling plays that he recommended this week if there is a build in inventories, or do nothing if inventory drops.
Cramer took phone calls on the following stocks:
El Paso (EP): Cramer thinks this stock is a buy because natural gas is still too cheap, and the stock is cheap as well.
Agnico-Eagle Mines
(AGM): Cramer said that this stock, along with Yamana (AUY) and Barrick Gold (ABX) are too hot right now, so he said to take profits and wait for a pullback.
Segment 2: Speculation Friday
Cramer is recommending a new dry bulk shipping stock that had its IPO last week, and then got hammered in the down market this week. The stock is Britannia Bulk Holdings (DWT), which is a good dividend play that also has some growth. Cramer warned not to pay more than $13.00 for the stock, and said to wait a week and use limit orders when buying shares. This company owns ice class ships, which can sail in the icy waters, and has 6 more coming into operation. They carry coal, fertilizer, and other commodities that are booming right now. The company was hurt by a reduction in iron ore stockpiles in China, but Cramer thinks that is temporary, and that the stock will benefit.
Cramer took phone calls on the following stocks:
Weyerhauser (WY): Cramer said that he is shocked at how low the stock has gone, but he thinks it is a buy, in part because of its dividend.
Navios Maritime (NM): Cramer doesn't like this stock because there is not a good yield or much growth.
Segment 3: Lightning Round!
Alliance Resource Partners (ARLP): Cramer said that he is bullish on this stock along with the rest of the coal industry.
Philip Morris (PM): Cramer is bullish on this stock.
Gerdau (GGB): Cramer said to hold onto this stock.
CBRL Group (CBRL): Cramer thinks this is a great company, but they depend on people driving on the interstate to make money, and that's not a good place to be right now.
Oshkosh (OSK): Cramer said that they had a horrible miss, and he doesn't want to buy the stock.
Grupo Simec S.A.B (SIM): Cramer likes U.S. Steel (X), Nucor (NUE)m and Reliance Steel (RS) better.
China Finance (JRJC): Cramer said that he doesn't want to own any Chinese stocks right now.
Segment 4: Clean Drilling Week, Part 5
Cramer's final pick in this week long segment is Hornbeck Offshore (HOS), which makes offshore support vehicles. All offshore rigs need help to operate, and these vehicles help hold the rigs in place, take away waste, and carry supplies and workers to and from the rigs. There is a shortage of these vehicles right now, and Cramer thinks that they will become even more important as offshore drilling moves to more isolated places of the world. They also will benefit from work on a number of rigs that are in the Gulf of Mexico that need to be decommissioned. Cramer ended the segment by warning that the company is small, so be sure to use limit orders, and wait for a pullback before buying at least 1 week from now.
Segment 5: Interview with Baldor Electric (BEZ) CEO John McFarland
Cramer talked to the CEO about their upcoming prospects, and he said that the company has been performing well, and doesn't understand why the stock is doing the same thing. Cramer is also surprised at the weakness in the stock, and blamed it on other companies complaining about market conditions that don't apply to this stock. Cramer also likes that they have no exposure to the automotive or housing markets, and said that he is bullish.
