Thursday, May 18, 2006
Action Alerts Plus: BHP, IR, TXT, UNH
In an effort to move into more cyclical names, Cramer is selling 500 of 2,500 shares of BHP @ $43.64. With the proceeds, he is buying 200 IR @ $45.45-- upping his total to 4,000 shares.
Also, he is "picking away" at TXT, buying 100 shares-- upping his total to 2,000.
Cramer views today's UNH news as a non-event. However, he suggests for those with a weak stomach to consider selling some here @ $45.41.
Due to his restrictions, he is not selling and believes the company can overcome its regulatory issues. However, he feels the CEO, William McGuire needs to resign, in order to get the stock moving again.
In short, Cramer believes UNH will see $50 before $40.
Also, he is "picking away" at TXT, buying 100 shares-- upping his total to 2,000.
Cramer views today's UNH news as a non-event. However, he suggests for those with a weak stomach to consider selling some here @ $45.41.
Due to his restrictions, he is not selling and believes the company can overcome its regulatory issues. However, he feels the CEO, William McGuire needs to resign, in order to get the stock moving again.
In short, Cramer believes UNH will see $50 before $40.
