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Tuesday, October 31, 2006

Cramewr's MAD MONEY: Positive on Tobacco and Chevron After Election

Last night on CNBC's Mad Money, Cramer discussed the tobacco industry in a positive light. He thinks there is a pretty good buy list: Altria (MO), Reynolds (RAI), Vector (VGR), UST (UST), and Carolina Group (CG).

Cramer also said he thinks in California that PROP 87 will pass that makes oil companies in California fund outside alternative energy. He thinks it will hurt oilcompanies and thinks Chevron (CVX) has the most exposure. He thinks if that happens you will want to Buy Chevron (CVX) after the election and after they cut numbers.

Cramer also interviewed the CEO of Rite Aid (RAD), and ended up saying that RAD is the one for those who can tolerate high speculation.

Jon C. Ogg

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