Cramer's Top 2 European Picks
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Date updated:05-27-2009

Cramer offered up his two favorite European picks during Friday’s Stop Trading!, saying they both “work big here.”

symbol name last price % change open
  • +
  • BP
    Bp Plc
  • $59.13
  • +0.07%
  • $58.74

He likes BP (BP) on the strength in oil prices. Awhile back management had said the company’s dividend, the yield right now at 7%, was safe as long as crude prices stayed at or near $50. Cramer was surprised then that BP is up only $1.50 since that call, when oil traded between $48 and $50, despite the price per barrel now being over $60. BP, “the cheapest oil company I follow,” he said, is a buy.

People owning BP also tend to own: BACCBSHCLEDFITBFREGE

TheStreet.com Rating: C+ What is this?

  • +
  • UL
    Unilever Plc Amer
  • $30.65
  • +0.49%
  • $30.60

Cramer’s other pick, Unilever (UL), has “the greatest growth prospects of the package goods industry,” he said. “Much, much more than almost every other company.” This is a “terrific stock,” and Unilever’s reorganization is making it competitive against Procter & Gamble (PG).

People owning UL also tend to own: ADPBACBSXCCLCMCSACSCOERTS

TheStreet.com Rating: No Rating What is this?

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