May 5th - SGG ITU FWLT

Cramer's first pick tonight was SGG SGL Carbon AG

Closing Price: $7.98
After Hours High: $9.00
Percent Increase at High: 12.8%
After Hours Close: $8.67
Percent Increase at Close: 8.6%

The average volume for this stock is only 52,000 but over the last few days it has been much higher. This has also hit a new 52-week high both today during regular hours and another new high after hours. With that, and since it is a "cheap" stock one must be careful for a run up. Again we have a nice price to look at of $9.00. If it breaks it early in the pre-market then I would hold off to see where it goes, if it doesn't break it early then it could drift downward, assuming it even gets close to $9 at all. I would also be a little tentative since Cramer did compare this to other picks of his that have done very well, which can only fuel the fire a bit more.

Cramer's second pick was ITU Banco Itau Holding Financeira S.A.

Closing Price: $34.85
After Hours High: $35.80
Percent Increase at High: 2.7%
After Hours Close: $35.62
Percent Increase at Close: 2.2%

ITU was up today before the mention .98 cents or almost 3%. This has also hit a new 52-week high during regular hours and after hours. Now that I am taking notice of this it does seem Cramer likes to pick stocks that are already at highs! Where was he in mid-April when this was at $29.50? Not to mention it was $22.15 back in October. This one will come down on Monday after a peak, but as always it will be a timing issue. With other 52-week high picks and some good momentum on this one, the 10:30 time range seems to be the way to play them.

Cramer's third pick was FWLT Foster Wheeler Ltd.

Closing Price: $46.58
After Hours Close: $47.53
Percent Increase at Close: 2.0%

Cramer actually mentioned this one back on January 31st and the closing price that day was $49.25. The next morning it opened at $48.66, so it must have dropped a lot in the pre-market (I wasn't keeping enough data at this point to know what it did after hours) to go below the closing price the previous day. It did go as high as $49.20 before falling even more to $47.32. It then closed at $48.58. So yes, it looks like this is a good short, but after today and SYT it is hard to tell what this might do. The market was strong today so it might have made SYT stay stronger, but maybe it did well because it was the 2nd time Cramer had picked it in a short period of time. Given the price and only a 2% increase it might be best to stay away from this one anyway.