• Mad Money’s on truck stocks

    Jim Cramer, perhaps best known as the host of CNBC’s widely popular “Mad Money” stock-advice show, is bullish on truck stocks. Why? Because, according to the official Mad Money blog written on Mad Money web editor Tom Brennan, sometimes there are ...
    Dec. 13, 2010
    2 min read
    Image
    Jim Cramer, perhaps best known as the host of CNBC’s widely popular “Mad Money” stock-advice show, is bullish on truck stocks. Why? Because, according to the official Mad Money blog written on Mad Money web editor Tom Brennan, sometimes there are longer-term trends that outweigh short-term reality.
    Brennan writes: “These are the longer-term trends in business that supersede any short-term fluctuations in the market or the economy. Like these Cramer faves taking place right now: the mobile Internet tsunami, agriculture, autos and aftermarket auto parts, cloud computing, shoes, aerospace and trucks.”

    “Now, the benefit of trading these bull markets is that they lend you the confidence you need to weather those aforementioned fluctuations. Oil’s down? A bad unemployment number? China’s raising interest rates? Whatever—just use the weakness to buy your secular bull market stocks,” Brennan wrote.

    The blog states that Cramer recommended buying into Cummins (NYSE: CMI) back on June 2. His belief was that there would be a resurgence in the truck market, and sure enough, Cummins rebounded, closing at $105.03 on Friday, up some 63% since June 2.

    By the way, Cramer is also suggesting Paccar (Nasdaq: PCAR) and Navistar (NYSE: NAV). If he’s right, we’re all probably in for a successful 2011.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Home

    Tatsiana Kuryanovich | Dreamstime
    Data only delivers value when it leads to action. Consider these steps to turn your fleet's insights into operational improvements.
    Little changes can make big differences. Here are ways to turn your fleet's data into real-world efficiencies that boost your bottom line and maximize your equipment.
    Hyundai
    HMMA food drive donation
    Schneider recognizes safe drivers; Bison Transport sponsors local art; TCA names Safety Professional of the Year; Hyundai team donates; and Lowe's reveals community projects.
    Patton Logistics Group
    Patton Logistics Group includes Watsontown Trucking (No. 248 on the FleetOwner 500: For-Hire list), Patton Warehousing, and Patton Logistics.
    FleetOwner 500 for-hire carrier adds dozens of trucks, hundreds of trailers, maintenance facilities, and much more warehousing real estate and potential for its Patton Logistics...