Why Cramer Loves Alcoa And Wynn

Shares of Wynn Resorts, Limited WYNN were up almost 10 percent on Thursday, driven by Steve Wynn’s Las Vegas expansion plan for the company. Before the market opened, Cramer appeared on CNBC talking about the company and its stock, which was already on the move.

“One of my heroes is Steve Wynn,” he said, pointing out that between October and February when the stock price was depressed, he acquired roughly $100 million worth of stock. Since the beginning of February, shares gained more than 46 percent. “This is a remarkable turn, and I think that Wynn saw it coming, and told you to go buy his stock ahead of this [Wednesday’s] remarkable presentation,” Cramer added.

But it’s not just about Steve Wynn; Cramer also loves his company and its projects. He mentioned a few awe-inspiring ventures investors should take into account when considering an investment in Wynn. Among them, Wynn’s Las Vegas project, which includes the construction of a beach; the Boston Harbor casino; and the Macau project.

Alcoa

Also on Thursday, Cramer talked about Alcoa Inc AA. “Stop trading Alcoa right now, and start thinking about buying it,” he recommended. “The ITC is launching a probe into aluminum."

But, why does that matter? Well, “when the Commerce Department put a 260 percent duty on the Chinese -- and this is aluminum dumping by China, U.S. Steel doubled. March 1 was when they put the tariff on… steel doubled.”

“Don’t forget Alcoa is splitting,” he continued. “So don’t buy for earnings [this Monday] because this is the last quarter of the no split-up… or maybe second to last. But remember the steel companies doubled when the ITC went in and then Commerce Department said ‘tariff.’ Believe me, if they put a tariff on aluminum on China, you are going to see Alcoa zoom."

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.