May 23rd - GLS

The next 6 DOW stocks that Cramer looked at were MMM, GM, HPQ, HD, HON, and INTC. Again, not a segment of the show this week I am commenting on.

Next Cramer looked at a play on "aircraft leasing" and recommended Genesis Lease Ltd (GLS)

Closing Price: $26.83
After Hours Most Recent Price: $ 28.00
Percent Increase at Most Recent Price: 4.4%
Sector: Services
Days to Cover: 0.3
Short %: %
% Held by Insiders: %
% Held by Institutions: %



The bollinger bands were getting pretty tight of late according to the chart which means there was very low volatility. The price went from the top band to the middle band over the last 2 days and settled just below the middle band which was at $26.90. Yahoo Finance has an estimated growth percentage of 13.5% and remember Cramer is willing to pay 2 times growth in terms of p/e, so a p/e of 27 would be fair value. The current p/e is nearly 30. So either Cramer thinks that the growth estimate is wrong and should be higher or this isn't a long term hold stock and more of a trade. The stock also trades at a rather low volume with a float of only 31,310,000 shares. The after hours price had a steady increase to settle in around the $28 level, which could be a resistance point tomorrow so I would look to short above $28 if possible.