Jim Cramer's Mad Money Stock Recap Sept. 24th
Cramer unveiled his four horsemen of technology, AAPL, RIMM, AMZN, & GOOG back in June and says they have been a runaway success. Recommends taking some off the top and wait until stocks are cheaper to get back in. Cramer also believes that these companies will continue their upward climb in the long term.
First caller asking whether the tech sector is still the best place to be? Cramer says drop out of tech right now and wait for the pullback.
Second caller inquired on stock splits and asked if Cramer thinks a stock split is forthcoming for Apple (AAPL). Cramer said he wouldn't be surprised.
Third called asking if EMC is a better value than VZW. Cramer said he likes EMC.
Cramer's getting bullish on companies taking a "no bull" approach to business. He looked at companies that started in U.S. but have expanded. U.S. is no longer a growth country. Cramer says invest in companies with growing international exposure. Best Buy (BBY): Creating value with through the Canadian loon and expanding elsewhere globally. International sales are huge with Best Buy. Circuit City is shrinking its business. Cramer stated the success and future potential of Best Buy's Geek Squad.
Next, Cramer talked about the fact that the US economy is not in great shape, so we should look abroad for investment opportunities. He specifically mentioned Carnival Cruises (CCL) as a buy, and thinks that it will beat Royal Caribbean (RCL) in the growing European cruise market.
Airgas (ARG): Cramer spoke to the CEO of Airgas about its excellent performance. Cramer thinks this is another stock to buy after the pullback.
Lowe's (LOW): Finally, Cramer mentioned that Lowes was hurt in the market downturn. He reiterated his pullback theory, saying retail will lead the way down, followed by tech.
Labels: AAPL, AMZN, ARG, BBY, CCL, EMC, GOOG, Jim Cramer, LOW, Mad Money, Mad MOney Recap, RIMM
posted by Stock Administrator @ 7:39 AM
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