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Cramer on BloggingStocks: Cramer bullish on the Dow for '09 -- Part II |
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| Jan 06, 2009 02:04 PM UTC |
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Via BloggingStocks:
Filed under: General Electric (GE), Coca-Cola (KO), PepsiCo (PEP), Exxon Mobil (XOM), Market matters, Walt Disney (DIS), Caterpillar (CAT), Chevron Corp (CVX), duPont(E.I.)deNemours (DD), Dow Chemical (DOW), DJIA, Stocks to Buy, Cramer on BloggingStocks TheStreet.com's Jim Cramer takes a look at the next six Dow stocks: Caterpillar, Chevron, Coca-Cola, Disney, Du Pont and General Electric. Editor's note: This is the second part of Jim Cramer's series of predictions for the Dow components in 2009. If you missed the first part, you can go to Cramer bullish on the Dow for '09 -- Part I Caterpillar (NYSE: CAT) (Cramer's Take): Here's a direct play on a turn in China and a huge stimulus plan by President-elect Obama. I believe the dividend is safe, and I trust management when it says that 2009's second half can be much better than the first half, even though I am in a lonely minority on that front. The decision to freeze wages and fire a bunch of people made sense and made me believe the company cares more about maintaining the dividend through hard times than I thought it did. I believe the stock will get gigantic orders from the U.S. government after the passing of a stimulus plan. You can't build any infrastructure without Caterpillar's equipment, and the government ain't buying tractors from Komatsu. Helped by its 4% yield, the stock will go back to $55, a fantastic move, even though first-quarter earnings will be horrible. Don't forget, China's coming back, and that's a second big customer. Continue reading Cramer on BloggingStocks: Cramer bullish on the Dow for '09 -- Part II Cramer on BloggingStocks: Cramer bullish on the Dow for '09 -- Part II originally appeared on BloggingStocks on Tue, 06 Jan 2009 09:04:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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