Jim Cramer’s Stock Picks

Blain Reinkensmeyer

Posted on Thu 1st Jun, 2006 12:50:11 AM

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Mad Money had a pretty good episode tonight. Jim Cramer had alot to say and when it came to his picks got into investing outside the US. Stocks he says that are on their way up are:

• Tele Norte (TNE) – The stock is involved in foreign telecom services and falls in the Telecom-services frgn industry group. Today the stock closed at $13.12 but watch for a price jump tomorrow (or some action at least).
• America Movil (AMX) – This stock is based on wireless telecom services. The stock closed today at $32.66 and is currently trading below its 50 day moving average. Keep an eye on this one.
• Homex Development (HXM) – Jim Cramer liked this stock as its involved in construction. He said the stock has gotten beaten for the wrong reasons and is a good buy. Today the stock traded up $1.44 to a close of $32.58. Volume was 707,600 shares total which represented an accumulation day.
• Tata Motors (TTM) – This stock has fallen from the low $20s over the last few weeks. It closed today at $16.80 which was basically even on the day (up $.26). the foreign auto manufacturer in his eyes is a good stock to buy.
• Bancolombia (CIB) – The 5th of Jim Cramer’s stock picks for today. This stock trades in the banks-foreign industry group and closed up $.21 to $27 today.

I would keep a close eye on all five of these stocks tomorrow to see how they trade. Look for green because they should most likely have nice days in the stock market tomorrow.