Date updated:05-27-2009
Cramer offered up his two favorite European picks during Friday’s Stop Trading!, saying they both “work big here.”

-
BP
Bp Plc - $58.72
- +0.14%
- $58.85
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.

-
UL
Unilever Plc Amer - $30.36
- +0.50%
- $30.44
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).
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A. Only a guess but the fate of the company
seems as though it is subject to the
outcome of a court ruling which could
very well be based political forces in
play . . . no different than how GM had
been manhandled when it was revamped by
the Obama administration. . . Thought
being that the puts represent someone
from one side or the other feeling
secure in their 'bet'.
Having said that, with a high debt
ratio, having such an extremely high run
up in stock price in the past 12 months
and good news baked in on the
possibility that a military contract may
be in hand, to short does not appear,
imo, to be wildly out of favorable
consideration. . . if only for a small
wager.
A. The only one I own : SLX,
too hard pick a winner out all of them
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