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I’m on the hunt for a brand-name blue chip stock to replace GM in the Portfolio Smackdown. Send me your ideas. Call me or email me at the number above.
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G’Day Paul,
Greetings from the land down under.
Thank you for your MMM podcast. I recently found your podcast and really enjoy listening to your take on investing.
My suggestion for a Blue Chip stock to replace GM would definitely be CAT (Cramer mentioned this stock in one of his PodCasts this past week). I like this stock for two reasons – one is that it is an international company that may not be too impacted by the housing market in the US, and the second reason is that my husband is in construction and they seem to have a lot of work looking into the future. So I agree with Cramer that construction, and therefore CAT, is good bet.
Thanks for an excellent show. Keep up the good work.
Cheers.
Marie from OZ
Hi Paul,
I think you need to buy USG because there is a perpetual shortage in sheetrock. Once housing comes roaring back, it will hit huge highs. If you won’t believe Cramer (our fearless leader) or me (a realtor) then listen to Warren Buffet… he has bought huge positions in this.
But if you do buy it, buy it in stages and wait for a down day!
Best wishes,
yomomma2000