Jim Cramer's Mad Money Stock Recap Oct. 2nd
On Tuesday's show, Cramer started by talking about the acquisition of Commerce Bank (CBH) by TD Bank, and how he feels that Canadian banks will buy more US regional banks because of the strength of the Canadian dollar. Cramer listed 9 other banks that he thinks could be takeover targets; National City (NCC), New York Community Bank (NYB), Comerica (CMA), KeyCorp (KEY), Hudson City Bank (HCBK), M&T Bank (MTB), BB&T (BBT), Fifth Third Bank (FITB), Capital One (COF)
CVS Caremark (CVS): Cramer thinks it was unfairly punished by Walgreen's (WAG) bad quarterly report yesterday. Cramer thinks that CVS will be able to profit for the same reason that Walgreen's had problems because of their merger with Caremark. CVS is now "best of breed" in the pharmacy sector.
Cramer then took a phone call about Wal-Mart (WMT) which he thinks is not a big factor in this sector.
After the lightning round, Cramer was looking for more overlooked IPOs. Today's pick was comScore (SCOR). This stock is the Nielsen of the web and gives companies data to help them advertise better. They are in the early stages of growth.
CEO of Perry Ellis (PERY) was on the show. Cramer thinks the stock is not for him, and asked the CEO some tough questions.
In the last segment, Cramer talked about Baidu.com (BIDU), which he said is up 136% since he recommended the stock. He "commands you" to take your cost basis out of the market to lock in profits.
CVS Caremark (CVS): Cramer thinks it was unfairly punished by Walgreen's (WAG) bad quarterly report yesterday. Cramer thinks that CVS will be able to profit for the same reason that Walgreen's had problems because of their merger with Caremark. CVS is now "best of breed" in the pharmacy sector.
Cramer then took a phone call about Wal-Mart (WMT) which he thinks is not a big factor in this sector.
After the lightning round, Cramer was looking for more overlooked IPOs. Today's pick was comScore (SCOR). This stock is the Nielsen of the web and gives companies data to help them advertise better. They are in the early stages of growth.
CEO of Perry Ellis (PERY) was on the show. Cramer thinks the stock is not for him, and asked the CEO some tough questions.
In the last segment, Cramer talked about Baidu.com (BIDU), which he said is up 136% since he recommended the stock. He "commands you" to take your cost basis out of the market to lock in profits.
Labels: BBT, CBH, CMA, CVS, HCBK, Jim Cramer, KEY, Mad Money, Mad MOney Recap, MTB, NYB, SCOR, WMT
posted by Stock Administrator @ 8:30 AM
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