Jim Cramer Blog

New Century (NEWC) and the Dirty Dozen: Cramer listed 12 subprime stocks bears are targeting after the fall of New Century. While not all of these names deserve to be hounded, Cramer believes investors should be careful before buying or selling:
1. IndyMac (NYSE: NDE - News)2. CharterMac (NYSE: CHC - News)3. Friedman Billings (NYSE: FBR - News)4. Fremont General (NYSE: FMT - News)5. Redwood Trust (NYSE: RWT - News)6. Newcastle Investment (NYSE: NCT - News)7. American Home Mortgage (NYSE: AHM - News)8. Gramercy (NYSE: GKK - News)9. RAIT (NYSE: RAS - News)10. Accredited (NasdaqGS: LEND)11. Thornburg Mortgage (NYSE: TMA - News)12. CapitalSource (NYSE: CSE - News)

Labels: AHM, CHC, CSE, FBR, FMT, GKK, Jim Cramer, Jim Cramer's Stop Trading, LEND, NCT, NDE, NEWC, RAS, RWT, TMA

1. Southern Copper Corp. (PCU)
Yield: 9.8%. Phoenix-based copper producer owns three straight quarters of accelerating earnings and sales growth. Composite Rating: 98*

2. MGC Capital Corp. (MCGC)
Yield: 8.3%. Provides financing and advisory services to small- and mid-sized companies. Jefferies & Co. starts coverage with buy rating. Composite Rating: 91

3. American Capital Strategies (ACAS)
Yield: 7.8%. Acts as a partner in management and employee buyouts; provides debt financing for buyouts led by private equity firms; also provides capital to private and public companies. Composite Rating: 97

4. CapitalSource (CSE)
Yield: 7.8%. Provider of loans to small- and mid-sized companies in 44 states as well as Canada and the U.K. Owns four straight quarters of rising sales growth. Composite Rating: 92

5. Sinclair Broadcasting Group (SBGI)
Yield: 4.9%. Television broadcaster recently extended cable television service to 22 stations in 12 states. Composite Rating: 87

6. DiamondRock Hospitality (DRH)
Yield: 4%. Invests in full-service and select-service hotels in the U.S. Recently added to S&P REIT Composite index. Composite Rating: 88

7. Puget Energy (PSD)
Yield: 4%. Holding company of Puget Sound Energy, which provides electricity to over 1 million customers in Washington. Composite Rating: 88

8. PetroChina Co. Ltd (PTR)
Yield: 3.7%. Engaged in the exploration, development and production of crude oil and natural gas. Composite Rating: 98

9. CenterPoint Energy (CNP)
Yield: 3.7%. Texas-based utility firm owns four straight quarters of triple-digit earnings growth. Composite Rating: 90

10. NiSource (NI)
Yield: 3.7%. Natural gas and electricity provider’s earnings growth rebounded in past two quarters, but sales slipped. Composite Rating: 86

Labels: ASAC, CNP, CSE, DRH, MCGC, NI, PCU, PSD, PTR, SBGI