Editor’s note: Related tickers: General Motors Company (NYSE:GM), BP plc (ADR) (NYSE:BP), Allergan, Inc. (NYSE:AGN), Anadarko Petroleum Corporation (NYSE:APC), Chevron Corporation (NYSE:CVX), ConocoPhillips (NYSE:COP), Akamai Technologies, Inc. (NASDAQ:AKAM), American Tower Corp (NYSE:AMT), Gilead Sciences, Inc. (NASDAQ:GILD), Prudential Financial Inc (NYSE:PRU), Hartford Financial Services Group Inc (NYSE:HIG), Travelers Companies Inc (NYSE:TRV), American International Group Inc (NYSE:AIG), Cameron International Corporation (NYSE:CAM)
Every evening, former hedge fund manager Jim Cramer hosts his finance-focused TV show Mad Money on CNBC.
See last night’s show on the next page –>
During the program, Cramer, who is also the co-founder of The Street, expresses his position on different stocks and analyzes their situation. In the yesterday’s show, Jim Cramer, took a look at some companies, including General Motors Company (NYSE:GM), BP plc (ADR) (NYSE:BP), and Allergan, Inc. (NYSE:AGN). Cramer usually expresses his “bearish/bullish” position on the stocks discussed during Mad Money. At the last night program Jim Cramer was bullish on all of the mentioned companies.
The first bull in Cramer’s view was General Motors Company (NYSE:GM). The stock is trading at 2.60% in green at $31.97. In its earnings report, General Motors Company (NYSE:GM) posted a net income attributable to common stockholders worth $0.9 billion ($0.58 per fully diluted share).
Allergan, Inc. (NYSE:AGN) is trading 3.40% higher at $104.77, recovering from a slump that came amid the company’s disappointing results for two of its early-stage drugs. Jim Cramer said that Allergan, Inc. (NYSE:AGN) is still an excellent company with a very good leadership.
Bullish on Oil Stocks
Also, Cramer named BP plc (ADR) (NYSE:BP) a “buy” stock due to the fact that the Gulf oil spill problems are behind it and since the production continues to increase, some estimate slumps and upgrades are likely to happen. Cramer added that BP plc (ADR) (NYSE:BP) has put aside $41 billion for adjustment cases, so any considerations below this amount would be accepted as a plus for the company. BP plc (ADR) (NYSE:BP) has been trading 1.15% higher at $44.03.
Mr. Cramer was bullish on Anadarko Petroleum Corporation (NYSE:APC). The stock has appreciated by 2.03% to $86.51. Cramer’s opinion towards Anadarko Petroleum Corporation (NYSE:APC) was based on the fact that the drilling moratorium and restrictions in the Gulf are becoming less severe.
Some other Cramer’s picks from the oil stocks are Chevron Corporation (NYSE:CVX), and ConocoPhillips (NYSE:COP). Both of these stocks are trading in green. Chevron Corporation (NYSE:CVX) increased by 1.19% to $123.49, and ConocoPhillips is up by 1.53% to $61.89. Cramer holds a stake in ConocoPhillips (NYSE:COP) for his charitable trust.
Another bull in Cramer’s opinion is Cameron International Corporation (NYSE:CAM), which makes equipment used for oil extraction. Today, Cameron International Corporation (NYSE: CAM) has advanced by 2.41% to $63.20. The host of Mad Money said that Cameron International Corporation (NYSE: CAM) is going through a pile up of business, and other companies could aim for a potential takeover.
Akamai Technologies, Inc. (NASDAQ:AKAM) has also made the list. Currently the Akamai’s stock is trading 2.37% higher at $45.38. Akamai Technologies, Inc. (NASDAQ:AKAM) reported a net income of $71 million ($0.39 per diluted share), in the first quarter of 2013, which represents a 5% increase on the year.
American Tower Corp (NYSE:AMT), another bull in Cramer’s view, edged down by 0.44% to $83.47. American Tower Corp (NYSE:AMT) posted a revenue increased by 15.2% to $802.7 million. The company’s distributions declared per share increased to $0.26 to $0.21.
The Mad Money host also mentioned Gilead Sciences, Inc. (NASDAQ:GILD) as a bullish position. Gilead Sciences, Inc. (NASDAQ:GILD), a research-based biopharmaceutical company, is trading 5.57% higher at $55.08.
Buy insurance stocks
Jim Cramer said that many stocks of companies involved in the insurance industry will recover. Among these stocks is Prudential Financial Inc (NYSE:PRU), which today has grown by 2.85% to $65.22. The after-tax adjusted operating income for the Financial Services Businesses of Prudential Financial Inc (NYSE:PRU) has totalled $1.079 billion, or $2.28 per common share, versus $1.61 per common share a year ago.
Hartford Financial Services Group Inc (NYSE:HIG), a stock held by Cramer’s trust, has risen by 1.48% to $28.86. For the first quarter, Hartford Financial Services Group Inc (NYSE:HIG) reported core earnings worth $456 million, or $0.92 per diluted share, and a net loss of $241 million ($0.58 per diluted share).
The last two insurance stocks discussed on last night’s Mad Money were Travelers Companies Inc (NYSE:TRV) and American International Group Inc (NYSE:AIG). Travelers Companies Inc (NYSE:TRV) picked up 0.9% to $85.18, and American International Group Inc (NYSE:AIG) advanced by 5.79% to $44.57. In Cramer’s opinion, American International Group Inc (NYSE:AIG) could post some good returns, that is why the stock is currently a bull.
See the full video on the next page —>
