Jim Cramer Blog

Daimler Chrysler (NYSE: DCX - News), Toyota (NYSE: TM - News), Ford (NYSE: F - News), General Motors (NYSE: GM - News), Johnson Controls (NYSE: JCI - News), Lear (NYSE: LEA - News), Applebee's (NasdaqGS: APPB), Chipotle Mexican Grill (NYSE: CMG - News)
Cramer told Gregg Greenberg, host of Wall Street Confidential, that he was flabbergasted by the media's negative spin on Fed chairman Ben Bernanke's remarks: "Our short rates are way, way too high and totally out of whack," Cramer said. "It is driving me crazy to see the conventional wisdom reading him negatively. There will be a cut in May." Concerning the deep cuts at DCX, Cramer comments that many companies can't make cars profitably to meet the high demand, that DCX's move to join Ford and GM in focusing on profits rather than market share is "remarkable" and notes that the three, along with TM are "flying." However, Cramer thinks it is wiser to get into auto parts, and he sees JCI reaching above $100 and Lear to $41 or $42. "Applebee's is the kind of deal that will cause a backlash," says Cramer and does not think the restuaurant should put itself up for sale.; "The cash flow can be turned off on a dime here. I really don't like this deal." He adds that he does like Chipotle Mexican Grill.

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Labels: APPB, CMG, DCX, F, GM, JCI, Jim Cramer, LEA, TM, Wall Street Confidential