Jim Cramer's Mad Money Stock Recap July 23rd
Get Tech Now: Sundisk (NasdaqGS: SNDK - News)
Cramer says now is the time to buy tech ahead of the back-to-school and holiday shopping season. He likes SNDK, which supplies computer parts, and since manufacturers will need to speed up production in August, Cramer would buy SNDK right away. In addition SNDK is the largest producer of flash technology products, a hot area in tech. The company reported earnings at 30 cents a share and exceeded estimates by 14 cents.
OceanFreight (NasdaqGM: OCNF - News) and Star Maritime (AMEX: SEA - News)
While Cramer has not been a fan of dry bulk shipping in the past, he has changed his mind after discovering how much iron ore and coal is being shipped between countries as global demand increases. His two dry bulk shipping picks are OCNF and SEA which do not offer a dividend yet, but are expected to, since dry bulk shipping is a "classic big dividend" industry. He would not these stocks more than 25 cents from where they are now; OCNF sells at at $22.61 and SEA is $13.24.
CEO Interview: Steven Leer Arch Coal (NYSE: ACI - News)
Cramer asked Leer how coal is going to be profitable when many in Congress calling for a ban on coal. "Coal supplies 50% of our energy and electric generation, and that number is projected to grow," Leer responded. He added coal is the classic cheap fuel and the world is going to continue needing more energy. Cramer commented; "who's to say that out-of-favor energy stocks won't come back?"
Published By SeekingAlpha
Cramer says now is the time to buy tech ahead of the back-to-school and holiday shopping season. He likes SNDK, which supplies computer parts, and since manufacturers will need to speed up production in August, Cramer would buy SNDK right away. In addition SNDK is the largest producer of flash technology products, a hot area in tech. The company reported earnings at 30 cents a share and exceeded estimates by 14 cents.
OceanFreight (NasdaqGM: OCNF - News) and Star Maritime (AMEX: SEA - News)
While Cramer has not been a fan of dry bulk shipping in the past, he has changed his mind after discovering how much iron ore and coal is being shipped between countries as global demand increases. His two dry bulk shipping picks are OCNF and SEA which do not offer a dividend yet, but are expected to, since dry bulk shipping is a "classic big dividend" industry. He would not these stocks more than 25 cents from where they are now; OCNF sells at at $22.61 and SEA is $13.24.
CEO Interview: Steven Leer Arch Coal (NYSE: ACI - News)
Cramer asked Leer how coal is going to be profitable when many in Congress calling for a ban on coal. "Coal supplies 50% of our energy and electric generation, and that number is projected to grow," Leer responded. He added coal is the classic cheap fuel and the world is going to continue needing more energy. Cramer commented; "who's to say that out-of-favor energy stocks won't come back?"
Published By SeekingAlpha
posted by Stock Administrator @ 7:28 AM
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