Say what you like, but he is a billionaire and has a popular TV show and you don't!
Cramer offered up his two favorite European picks during Friday’s Stop Trading!, saying they both “work big here.”
He likes BP [BP 47.60 0.19 (+0.4%) ] on the strength in oil prices. Awhile back management had said the company’s dividend, the yield right now at 7%, was safe as long as crude prices stayed at or near $50. Cramer was surprised then that BP is up only $1.50 since that call, when oil traded between $48 and $50, despite the price per barrel now being over $60. BP, “the cheapest oil company I follow,” he said, is a buy.
Cramer’s other pick, Unilever [UL 23.59 0.09 (+0.38%) ], has “the greatest growth prospects of the package goods industry,” he said. “Much, much more than almost every other company.” This is a “terrific stock,” and Unilever’s reorganization is making it competitive against Procter & Gamble [PG 53.03 0
He also likes another of my stocks, TSM (Taiwan Semiconductor). Of course he recommended it at $9, a couple days after I sold covered calls on my TSM, thinking it would be flat for a while, so because of Cramer, I am going to lose my shares of TSM in July, its currently around $11, safely above the strike price of $10 for those covered calls.