Cramer's Power Hitters
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Date updated:07-19-2007

From 7-19-07:

"Let's talk raw power. I don't think people realize what it is like to get through a strike, with all of those options on both of them. There are so many people who write calls, which amounts to a sale of the stock (shorting a call is like selling the common), and so many speculators who are long the calls and selling the common to lock in the gain or selling the call to lock in the gain, you know that there is a tremendous amount of stock around for sale. You need to watch these stocks that blow through calls and put the knowledge away. These stocks are the strongest out there. They need to be bought on any weakness -- that is, if you can get any weakness."

symbol name last price % change open
  • +
  • SLB
    Schlumberger Ltd
  • $104.09
  • -1.88%
  • $106.08

From Cramer: "Let's talk raw power: Schlumberger (SLB). Schlumberger and Exxon had so much buying strength, you couldn't even keep them down with gravitational pull. That's all the more amazing because there was a lot of speculative buying of low-priced calls -- so-called punts -- that came into the money, and all of that new supply didn't fell these stocks, either. Now people are paying 55 cents for the July 95 Schlumbergers because the company reports tomorrow. I can't believe it, but holy cow, it could work!"

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: A+ What is this?

  • +
  • XOM
    Exxon Mobil Cp
  • $82.86
  • -0.14%
  • $82.52

From Cramer: "Let's talk raw power: Exxon Mobil (XOM). Schlumberger and Exxon had so much buying strength, you couldn't even keep them down with gravitational pull. That's all the more amazing because there was a lot of speculative buying of low-priced calls -- so-called punts -- that came into the money, and all of that new supply didn't fell these stocks, either. Now people are paying 55 cents for the July 95 Schlumbergers because the company reports tomorrow. I can't believe it, but holy cow, it could work!"

People owning XOM also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: A+ What is this?

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