Cramer's Worry-Wart Stock Plays
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Date updated:06-04-2009

"We need to get rid of the worry-warts in this market," Jim Cramer told the viewers of "Mad Money" TV show Wednesday.

symbol name last price % change open
  • +
  • JPM
    Jp Morgan Chase C
  • $44.35
  • +2.00%
  • $43.93

Cramer said with so many worried about the banks, he'd buy the strongest of them, namely JPMorgan Chase (JPM) and Goldman Sachs (GS), two stocks which he owns for his charitable trust, Action Alerts PLUS.

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $176.57
  • +2.79%
  • $173.68

Cramer said with so many worried about the banks, he'd buy the strongest of them, namely JPMorgan Chase (JPM) and Goldman Sachs (GS), two stocks which he owns for his charitable trust, Action Alerts PLUS.

People owning GS also tend to own: AOBCOGOCRYPGELGLWGRMNMDRX

TheStreet.com Rating: C What is this?

  • +
  • RIG
    Transocean Ltd
  • $88.15
  • +3.22%
  • $87.70

With so many people worried about rising gas prices, Cramer said Transocean (RIG), Schlumberger (SLB) and Occidental Petroleum (OXY) are the ways to play that trend.

People owning RIG also tend to own: GSFHPNBRAAPLADBEBBYCMCSA

TheStreet.com Rating: B- What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $65.13
  • +1.13%
  • $65.75

With so many people worried about rising gas prices, Cramer said Transocean (RIG), Schlumberger (SLB) and Occidental Petroleum (OXY) are the ways to play that trend.

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: B- What is this?

  • +
  • OXY
    Occidental Pet
  • $83.05
  • +2.68%
  • $82.00

With so many people worried about rising gas prices, Cramer said Transocean (RIG), Schlumberger (SLB) and Occidental Petroleum (OXY) are the ways to play that trend.

People owning OXY also tend to own: APCAPPAUYAVNXBMDCBICOLM

TheStreet.com Rating: B What is this?

  • +
  • FMER
    Firstmerit Corpor
  • $18.58
  • +1.59%
  • $18.43

Cramer said with low interest rates and a new homebuyer tax credit, strong regional banks like FirstMerit (FMER) is a great stock.

People owning FMER also tend to own: BEECEOFCHMOMRBKSHOATLO

TheStreet.com Rating: B- What is this?

  • +
  • KO
    Coca Cola Co The
  • $55.48
  • +1.82%
  • $54.59

Some traders think a weak greenback is a serious detriment for the markets. Cramer, however, is more worried about a strong dollar because it hurts U.S. exports. Companies like Coca-Cola (KO), Kellogg (K) and Merck (MRK) would all be affected. But given this debate’s intensity, we’re probably near the halfway point. So investors shouldn’t worry.

People owning KO also tend to own: AAAIGIBMINTCJNJJPMMSFT

TheStreet.com Rating: B What is this?

  • +
  • K
    Kellogg Co
  • $52.67
  • +0.90%
  • $52.35

Some traders think a weak greenback is a serious detriment for the markets. Cramer, however, is more worried about a strong dollar because it hurts U.S. exports. Companies like Coca-Cola (KO), Kellogg (K) and Merck (MRK) would all be affected. But given this debate’s intensity, we’re probably near the halfway point. So investors shouldn’t worry.

People owning K also tend to own: JCGLVLTMTUNWSPFESBUXSGP

TheStreet.com Rating: B+ What is this?

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