July 12th - Top Pricing Power Companies

Cramer's "Main Event" looked at companies with the best pricing power.

They were:
EOP Equity Office Properties Trust Closing Price $37.87
VNO Vornado Realty Trust Closing Price $100.56
BA Boeing Co. Closing Price $80.92
VLO Valero Energy Corp. Closing Price $65.26
APD Air Products & Chemicals Inc. Closing Price $63.92
BW Brush Engineered Materials Inc. Closing Price $23.76
DNA Genentech Inc. Closing Price 80.98
CELG Celgene Corporation Closing Price 48.25
LMT Lockheed Martin Corp. Closing Price 74.90
GD General Dynamics Corp. Closing Price $69.00
KEX Kirby Corp. Closing Price $38.00
RIG Transocean Inc. Closing Price $79.75
BHP BHP Billiton Ltd. Closing Price $44.15
EZM EuroZinc Mining Corp. Closing Price $2.57

So most of these are rather pricey and big stocks, and only 1 really had any good action and of course it was EZM as Cramer predicted. He was safe to put a "cap" of $2.75 and it seems people are respecting that since that is trading right around that number.

EZM
Closing Price: $2.57
After Hours High: $2.78
Percent Increase at High: 8.2%
Price Level Off Point: $2.73
Percent Increase at Level Off Point: 6.2%
Trades on AMEX
Sector: Basic Materials
Short %: 0.33%
Days to Cover: 0.3

So its up over 6% which is only 16-cents. The stock was down 2-cents today but did trade as high as $2.68 intra-day. Last time Cramer did a segment on EZM (not including his conversation with the CEO) the following happened with the stock the next day:

May 11th 2006
"EZM was an odd one today. Apparently the AMEX was down, but it must have only been for certain brokers because there was trading all day long as far as the chart says. Apparently it came back up around 10:27 because there was some very large volume right then causing a spike in price that created the high for the day of $3.25. It came down quickly to $2.97 and went as low as $2.90. There was also shorting opportunities in the pre-market where the stock touched $3.10 and went down to $2.78. So the good thing is that the problem with the AMEX or brokers hopefully didn't hurt shorting, because I would hope no one shorted at the lows in the pre-market because it was down so much already by that point."

I'm not sure we will get the same sort of buying we saw last time since people can see how it is down from then. Much like then though, I think anything over $3 early would be a good opportunity for a short, assuming your broker allows for shorting that cheap of a stock. Hopefully no oddities with the AMEX exchange this time though.