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		<title>Bearish Comments From Jim Cramer Drop Freeport McMoran</title>
		<link>http://www.cramereffect.com/2009/07/bearish-comments-from-jim-cramer-drop-freeport-mcmoran/</link>
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		<description><![CDATA[On Monday’s Mad Money show, Jim Cramer predicted a pullback in the stock market after the recent string of strong days. ]]></description>
			<content:encoded><![CDATA[<p>The Dow Jones industrial average dropped 12 points on Tuesday as the markets took a breather from the rally of the last couple of weeks. On Monday’s Mad Money show, Jim Cramer predicted a pullback in the stock market after the recent string of strong days. </p>
<p>Mr. Cramer predicted that one of the main casualties of a market pullback would be Freeport McMoran (<a href="http://finance.yahoo.com/q/ks?s=FCX">FCX</a>: 46.73 <font color="#FF0000">0.00%</font>). The stock dropped 2.3% on Tuesday, but Cramer believes that Freeport and other industrials will likely pullback 5%. </p>
<p>Thompson Creek Metals (<a href="http://finance.yahoo.com/q/ks?s=TC">TC</a>: 9.33 <font color="#FF0000">0.00%</font>) also felt the “Cramer effect”, dropping 4.1% on Tuesday. Cramer recommended investors take some of their money out of Thompson Creek after the tremendous run the stock has had since trading below $4 in March. </p>
<p>Finally, Geron Corporation (<a href="http://finance.yahoo.com/q/ks?s=GERN">GERN</a>: 2.03 <font color="#FF0000">0.00%</font>) fell 4.4% on a sell recommendation from Mr. Cramer. Cramer believes the stock is too speculative and prefers Gilead Sciences (<a href="http://finance.yahoo.com/q/ks?s=GILD">GILD</a>: 56.025 <font color="#FF0000">0.00%</font>) and Celgene (<a href="http://finance.yahoo.com/q/ks?s=CELG">CELG</a>: 73.525 <font color="#FF0000">0.00%</font>) to Geron which he says to “sell, sell, sell.” Both Celgene and Gilead Sciences posted nice gains though on the bullish comments by Cramer. </p>
<p>Other Cramer stock picks: </p>
<p>Bank of America (<a href="http://finance.yahoo.com/q/ks?s=BAC">BAC</a>: 7.97 <font color="#FF0000">0.00%</font>) gained 1.9% &#8211; Cramer believes the stock has huge upside and expects the stock to jump to $18.</p>
<p>Wells Fargo (<a href="http://finance.yahoo.com/q/ks?s=WFC">WFC</a>: 30.20 <font color="#FF0000">0.00%</font>) rose 1.2% &#8211; Cramer says that financial stocks like Wells Fargo are worth buying since negative expectations are already priced into the stock.</p>
<p>Arm Holdings (<a href="http://finance.yahoo.com/q/ks?s=ARMH">ARMH</a>: 26.89 <font color="#FF0000">0.00%</font>) rose 0.5% &#8211; After Cramer said he liked the stock better than Research in Motion (<a href="http://finance.yahoo.com/q/ks?s=RIM">RIM</a>: 0.00 <font color="#FF0000">N/A</font>).</p>
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