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
  • $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.

People owning BP also tend to own: BACCBSHCLEDFITBFREGE

TheStreet.com Rating: C+ What is this?

  • +
  • 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).

People owning UL also tend to own: ADPBACBSXCCLCMCSACSCOERTS

TheStreet.com Rating: No Rating What is this?

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11.25.09 | 18:11 PM Asked by Stockpickr Staff #2

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.

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