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Tuesday, October 31, 2006

Cramer on the Elections (10/31/06)

On CNBC's STOP TRADING segment around 2:55 PM EST today, Jim Cramer discussed what he heard senators say ahead of the elections today.

Cramer said a GOP win would be a surprise. If the GOP actually won you would want to go back into oil, defense and pharma names.

Cramer is worried about Alliant Techsystems (ATK). He said they are the largest bullet maker and if we leave Iraq suddenly that iw would be bad for them. If you think we stay the course in Iraq, they would be good to own.

Cramer also worried about health cost names. He said he also wasn't worried about Sallie Mae (SLM) because First Marblehead (FMD) trades up and up.

Jon C. Ogg
October 31, 2006
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