Jim Cramer: Altria, SunPower, Evergreen Solar, KFx, Chesapeake
Altria Group Inc. (MO), PepsiCo Inc. (PEP) and Verizon Communications Inc. (VZ) are among stocks that may rise this week because investors should include them in a balanced portfolio, CNBC host Jim Cramer said on his ``Mad Money'' show on June 2.
Altria, parent of Kraft Foods and Philip Morris, which is the world's largest cigarette maker, has ``held up'' during stock market fluctuations and is ``also one of the greatest weak dollar plays because foreigners love Marlboros,'' said Cramer, a market commentator and former hedge-fund manager.
Shares of Altria rose 44 cents to $72.85 in New York Stock Exchange composite trading on June 2. The stock has dropped 2.5 percent this year.
Kimberly-Clark Corp. (KMB), which Cramer described as a ``recession stock'' was recommended because Procter & Gamble Co. ``has lost its edge.'' GlaxoSmithKline Plc (GSK), Caterpillar Inc. (CAT), Nabors Industries Ltd. (NBR) and Jos. A. Bank Clothiers Inc. were recommended by Cramer, as were energy companies ConocoPhillips (COP) and Chesapeake Energy Corp. (CHK)
Alternative energy stocks such as solar-panel makers SunPower Corp. (SPWR) and Evergreen Solar Inc. and Headwaters Inc. (HW), a supplier to synthetic coal makers, were recommended by Cramer. He also likes KFx Inc., whose products make coal-burning more efficient.
The prices of the stocks are at levels that Cramer finds attractive at a time when the U.S. government is focusing more on energy alternatives to oil and gas.
Shares of KFx climbed 67 cents to $15.42 in American Stock Exchange trading. The stock has dropped 10 percent this year.
Stocks recommended during the ``Lightning Round'' of responses to viewers' questions included Darden Restaurants Inc. (DRI), Target Corp. (TGT), Best Buy Co., United Parcel Service Inc. (UPS), Basic Energy Services Inc. (BAS), Identix Inc., and Rite Aid Corp. (RAD)
Cramer told viewers to avoid Sharper Image Co., Bausch & Lomb Inc., Titanium Metals Corp. and Wal-Mart Stores Inc. (WMT)