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9 Stocks Jim Cramer Is Bullish About - Seeking Alpha See the difference! Customize Seeking Alpha: Sign in or join var ms_slug = 'ups,hot,via.b'var article_dashboards = '@investing-ideas@'var article_sectors_themes = '@quick-picks-lists@sa-exclusive@'var ratings_hash={}var mone_article_tags = "{emr,esv,fcx,ng,ibm,sny,hot,usb,jpm,via.b,ups};;;{};;;{quick-picks-lists};;;{insider-monkey}" var ord = Math.floor(Math.random()*1000000000);Seeking Alpha Home | Market Currents | Long & Short Ideas | Investing for Income | ETFs & Portfolio Strategy | Macro View | Earnings Center | Investing Tools function decide_which_hp() { if (readCookie('user_email') && (/@seekingalpha.com/.test(readCookie('user_email')))) { top.location.href = '/new_hp'; } else { top.location.href = '/'; } }
9 Stocks Jim Cramer Is Bullish About 2 comments | by: Insider Monkey June 15, 2011 | about: EMR, ESV, FCX, HOT, IBM, JPM, NG, SNY, UPS, USB, VIA.B Font Size: Print Email Recommend0 Share this page Share SeekingAlpha.Initializer.AddAfterLoad(init_facebook); SeekingAlpha.Initializer.AddAfterLoad(init_linkedin); twittememeFrame(window.tweetmeme_style== "compact" ? "85x20": "50x61"); Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show are the starting points for many investments made by these folks. Cramer makes several bullish calls in his show but he only buys a small proportion of these stocks for his charitable trust.
Here are the stocks Jim Cramer recently purchased for his charitable trust:
Company
Ticker
No. of Hedge Funds
Value (x1000)
Emerson Electric
(EMR)
34
785,293
Ensco Plc
(ESV)
39
1,712,122
Freeport McMoran
(FCX)
37
1,405,449
IBM Corp
(IBM)
37
2,473,693
Sanofi Aventis
(SNY)
19
955,448
Starwood Hotels
(HOT)
18
425,886
U.S. Bancorp
(USB)
36
3,137,196
Viacom Inc
(VIA.B)
46
3,441,414
United Parcel Service
(UPS)
31
1,152,301
Viacom is one of the most popular stocks among 30+ hedge funds we are following. Finally, Cramer agrees with the hedge funds and bought VIA-B for his charitable trust.
Glenview Capital’s Larry Robbins said:
We like the stability and growth of cable networks based upon the growing and recurring nature of affiliate fees, and we are in the recovery phase of ad spending coming off of the 08/09 recessionary pullback… the business remains highly cash generative with free cash flow equal to approximately 110% of net income.
Glenview likes Viacom because of its share buybacks. Robbins believes that’s the best way for Viacom to deploy its excess capital. Eric Mindich’s Eton Park, Chris Hohn’s Childrens Investment Fund, and Chase Coleman’s Tiger Global are extremely bullish about Viacom too.
U.S. Bancorp is one of the few banking stocks Cramer is bullish about. Considering that Cramer just sold his JP Morgan (JPM) shares in his charitable trust’s portfolio, he must be really bullish about USB. Warren Buffett, Andreas Halvorsen’s Viking Global, and Stephen Mandel’s Lone Pine Capital also like USB.
Last week Cramer said the following about Novagold (NG):
I feel burned on NG. I thought it would trade up along with gold...the gold stocks have been terrible. NG has been worse than terrible...They want gold now in the ground. I bought some and sold some. It is an admission of defeat. This one did not work for me.”
He recently added Freeport McMoran to make up for NG’s shortcomings. FCX has a higher correlation with gold prices than NG. There are several prominent fund managers who are also bullish about FCX. Ken Fisher has more than $700 million in FCX. Jeffrey Vinik, Jim Simons, and Richard Chilton also have FCX in their portfolios.
Investors who like Jim Cramer’s stock picks should focus on the stocks he recently added to his portfolio. These are fresher ideas than the stocks he has been holding for a very long time.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
This article is tagged with: Long & Short Ideas, Quick Picks & Lists
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ricksteph Comments (95) Isn't FCX mostly a copper play, so why would anyone buy it to replace a gold miner? 
Alex Bernstein Comments (84) I lost a lot of money buying NG, because of Cramer's advise. I still believe in the story. In the past year, Cramer dumped Qualcom, BP, which worked out fine after his "sell" recommendation. I believe that he lacks a conviction. As soon, as hedge funds reduced their positions in NovaGold, he bailed out, even though the company fundamentals did not changed a bit. Now I will follow NG on my own. add_article_actions = 1; top_commenters_array = []; add_comment_actions(); write_report_abuse_all_in_one(); SeekingAlpha.Initializer.AddAfterLoad(link_edit_user_profile); comment_create_edit_link(); new_comment_on_comments_page(); Load All Comments reply_to_comment('Article_274955',"") mark_new_comments_if_tracking_source(); var comment_ids = []; new Ajax.Request('/memcached/comments_rating_by_discussion_id/247682', { evalScripts:true, method: 'get', onSuccess: function(response) { response.responseText.evalScripts(); comment_ids.each(function(id){writeRatingFromHash(id);}); }, onFailure: function() { } }); var author_info_popup_timeout; function ShowAuthorInfo(){ if (author_info_popup_timeout) clearTimeout(author_info_popup_timeout); $('article_author_info').style.display = "block"; } function HideAuthorInfo(){ author_info_popup_timeout = setTimeout(function() { $('article_author_info').style.display="none";},400); } function clearAuthorInfoPopupTimeout(){ if (author_info_popup_timeout) clearTimeout(author_info_popup_timeout); } About the author: Insider Monkey It’s a well known fact that insiders profit from their transactions. More than 59,000 different insiders made public filings with the SEC in 2009. The year before that, more than 65,000 did. Blindly imitating all of these insiders won’t yield much. Monkeying only the top insiders, the ones... More Company: Insider Monkey Blog: Insider Monkey Insider Monkey on Fund Holdings on Dividend Quick Picks & Lists on Quick Picks & Lists Articles (317) Instablog (3) Comments (148) if (/stats viewer/.test(readCookie("user_perm"))) document.write("Earnings"); Profile 2,230 Followers 22 Following Follow.author_sidebar__follow_button_initiator('insider-monkey') Send Message You are currently following Insider Monkey
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