Jim Cramer Blog

IndyMac Bancorp (NYSE: NDE - News): No news is bad news in the case of NDE, according to Cramer who comments that selling isn't done until a subprime lending company goes under. He suspects NDE wants to pretend everything is fine, and the fact that NDE hasn't announced its dividends are suspended or hasn't given any indication of its financials is a special code for "We don't have a clue what's going on, but we'll let you know when we're out of business."
T. Rowe Price (NasdaqGS: TROW), Polo Ralph Lauren (NYSE: RL - News), Alliant Techsystems (NYSE: ATK - News), Coke (NYSE: KO - News) and Heinz (NYSE: HNZ - News): Cramer suggests being on the lookout for companies like TROW, RL, ATK, KO and HNZ which yield substantial dividends, and he notes that all of them, particularly ATK and HNZ, had really strong quarters. He also likes the fact that Coke recieved three upgrades in the last two weeks, but despairs of Wall Street's indifference.
IAC/InterActiveCorp (NasdaqGS: IACI): CEO Barry Diller has been buying back stock at $37 and $38 and is putting billions of dollars to work, comments Cramer; "but they still sell it below where he wants to buy it. I call that stupid."

Labels: ATK, HNZ, Jim Cramer, Jim Cramer's Stop Trading, KO, NDE, RL