Jim Cramer's Mad Money Stock Recap Mar. 1
Stay Calm: Heinz (NYSE: HNZ - News), AT & T (NYSE: T - News)
There is a lot of panic selling going on, noted Cramer who urged investors against jumping on the bearish bandwagon, but instead suggested bargain hunting. Heinz's 71 cent drop was not an indication of something afoul with its ketchup, but was simply a sign that investors were "scared and wanted to unload anything," he said. Not all stocks that get hammered deserve their fate, and Cramer remarked "I never made a dime by panicking." Cramer says not to make a move when fearful since "panic loses people fortunes" but instead the best strategy is to list and research stocks and to set target prices. This will help ensure rational moves instead of reactions "at the end of a rough trading day when your gut is telling you the sky is falling." One rational move Cramer would make is to buy AT & T while it is still cheap.
On Not Making Friends but Influencing People: Starbucks (NasdaqGS: SBUX)
Cramer resisted the temptation to make friends with SBUX founder and chairman Howard Schultz when he appeared on Mad Money and advised viewers against buying the stock short-term. Now, SBUX has fallen 10% and its growth is decelerating. Although he admits it may be a long-term story, Cramer says SBUX is now too expensive and won't lose its "sell" rating until it goes from $30.39 to $27.
CEO Interview: Stephen Romano, American Ecology (NasdaqGM: ECOL)
Stephen Romano commented that business is good; "Our new contract in Pennsylvania is a cleanup of radioactive materials from processing uranium and thorium. This is what we excel at." He added, "Arguably, the nuclear industry is the most heavily regulated industry in the U.S. It is good for our business." Finally, he commented on the company's high dividend and strong growth prospects. Cramer said he approved of buying the stock.
Published By SeekingAlpha
There is a lot of panic selling going on, noted Cramer who urged investors against jumping on the bearish bandwagon, but instead suggested bargain hunting. Heinz's 71 cent drop was not an indication of something afoul with its ketchup, but was simply a sign that investors were "scared and wanted to unload anything," he said. Not all stocks that get hammered deserve their fate, and Cramer remarked "I never made a dime by panicking." Cramer says not to make a move when fearful since "panic loses people fortunes" but instead the best strategy is to list and research stocks and to set target prices. This will help ensure rational moves instead of reactions "at the end of a rough trading day when your gut is telling you the sky is falling." One rational move Cramer would make is to buy AT & T while it is still cheap.
On Not Making Friends but Influencing People: Starbucks (NasdaqGS: SBUX)
Cramer resisted the temptation to make friends with SBUX founder and chairman Howard Schultz when he appeared on Mad Money and advised viewers against buying the stock short-term. Now, SBUX has fallen 10% and its growth is decelerating. Although he admits it may be a long-term story, Cramer says SBUX is now too expensive and won't lose its "sell" rating until it goes from $30.39 to $27.
CEO Interview: Stephen Romano, American Ecology (NasdaqGM: ECOL)
Stephen Romano commented that business is good; "Our new contract in Pennsylvania is a cleanup of radioactive materials from processing uranium and thorium. This is what we excel at." He added, "Arguably, the nuclear industry is the most heavily regulated industry in the U.S. It is good for our business." Finally, he commented on the company's high dividend and strong growth prospects. Cramer said he approved of buying the stock.
Published By SeekingAlpha
posted by Stock Administrator @ 11:37 AM
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