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Cramer on BloggingStocks: Look to Cabot, Nucor if/when oil bubble pops |
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| Jul 18, 2008 09:19 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Market matters, Bank of America (BAC), Comerica Inc (CMA), Nucor Corp (NUE), Oil, Stocks to Buy, Cramer on BloggingStocks  TheStreet.com's Jim Cramer says the value creation at both companies is astonishing and not going away, despite the market trend. Every now and then days like yesterday happen. Days where it is so crazy, where the selling never ends and the buying never ends. Where the sellers just keep reloading and the buyer just keep buying. Some of it seems like short-covering panic and some of it seems like sellers who can't take the pain anymore. As I watched Cabot Oil & Gas (NYSE: COG) (Cramer's Take) -- a very good company, a company that priced a gigantic piece of merchandise 30% higher a fortnight ago -- go down more than 10% today, I am astonished at the market's inefficiency. When I see Nucor (NYSE: NUE) (Cramer's Take) decline 10% on a good quarter and conservative guidance, I marvel at how ridiculous things are. Sure, you can say if you look at a three-year chart, "This is the end of the bubble." But how about value? How about the fact that COG is making much more money than it ever has and is unlikely, given the big shift toward natural gas, ever to make as little money as it did a few years ago? Continue reading Cramer on BloggingStocks: Look to Cabot, Nucor if/when oil bubble pops Permalink | Email this | Comments<map name="google_ad_map_145-1260160"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1260160?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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