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Friday, March 30, 2007

Jim Cramer's Stop Trading Mar. 29

Reliance Steel (NYSE: RS - News), U.S. Steel (NYSE: X - News), Lone Star (NYSE: LSS - News): Cramer suggests buying RS which was up 3% on the deal between X and LSS, but is still "the cheapest that's left" in the consolidation-driven steel sector. Concerning the acquisition of LSS, Cramer said "What a deal!"
GlobalSantaFe (NYSE: GSF - News): Cramer thinks a "monster seller" is doing investors a favor by giving them an opportunity to buy GSF, which Cramer thinks may be a takeover or merger targetfor Seadrill.
Tata Motors (NYSE: TTM - News), Frozen Food Express (NasdaqGM: FFEX), RadioShack (NYSE: RSH - News): Cramer likes TTM as a secular growth story and doesn't think it will be affected by India's overheated economy. Cramer is looking into FFEX because of Bob Olstein's recommendation; "This guy, you've got to take down everything he says. That's how great he is." Cramer also likes RSH.

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