Jim Cramer's Mad Money Stock Recap Nov. 7th
Wednesday's show began with Cramer discussing who he thinks is to blame for the 361 point drop on the Dow. His answers were Supermodel Gisele Bundchen and New York Attorney General Andrew Cuomo. Gisele recently announced that she doesn't want to be paid in dollars any more since it is weak, and then a Chinese official followed up with a statement this morning that they might sell some of their dollar reserves. Cramer doesn't think that this announcement from China is true. Cuomo then announced that he will probe Washington Mutual to see if they forced appraisers to inflate their estimates so they could make loans. Cramer believes that this will scare mortgage lenders and make them require higher down payments, which is the last thing the lenders need.
Cramer then went to the phonelines. The first caller asked about hedging the dollar by investing in international mutual funds, and Cramer said he thinks 20% of your portfolio should be foreign. The second caller asked about Nasdaq (NADQ), and Cramer thinks that CME (CME) and NYSE-Euronext (NYX) are better plays on the increased volatility in the market, but said that he likes Nasdaq as well.
The CEO of NRG Energy (NRG) was on the show since Cramer thinks that nuclear energy is the cleanest way to generate electricity. They talked about the company’s plans for nuclear plants, as well as their other coal based plants.
Cramer came back from the lightning round and talked with Herbalife (HLF) CEO Michael Johnson about the outstanding quarter they just reported as well as allegations of unethical behavior at the company. Johnson said that they do not believe they are guilty of any wrongdoing, and that they will investigate and correct any issues they find. He then talked about their international growth and new sales plans they have.
Cramer then did a follow up on Nastech Pharmaceutical (NSTK), a recommendation he made last week. The stock was down $5 today because Proctor & Gamble (PG) terminated an agreement with them, and Cramer had the CEO, Stephen Quay, on the show to explain why people should not sell the stock. Quay said that they will do a new trial soon and expect to find a new partner after that. Cramer said that you should hold onto it now if you already bought it, but said he will take the blame for a screw-up on this one.
Cramer then went to the phonelines. The first caller asked about hedging the dollar by investing in international mutual funds, and Cramer said he thinks 20% of your portfolio should be foreign. The second caller asked about Nasdaq (NADQ), and Cramer thinks that CME (CME) and NYSE-Euronext (NYX) are better plays on the increased volatility in the market, but said that he likes Nasdaq as well.
The CEO of NRG Energy (NRG) was on the show since Cramer thinks that nuclear energy is the cleanest way to generate electricity. They talked about the company’s plans for nuclear plants, as well as their other coal based plants.
Cramer came back from the lightning round and talked with Herbalife (HLF) CEO Michael Johnson about the outstanding quarter they just reported as well as allegations of unethical behavior at the company. Johnson said that they do not believe they are guilty of any wrongdoing, and that they will investigate and correct any issues they find. He then talked about their international growth and new sales plans they have.
Cramer then did a follow up on Nastech Pharmaceutical (NSTK), a recommendation he made last week. The stock was down $5 today because Proctor & Gamble (PG) terminated an agreement with them, and Cramer had the CEO, Stephen Quay, on the show to explain why people should not sell the stock. Quay said that they will do a new trial soon and expect to find a new partner after that. Cramer said that you should hold onto it now if you already bought it, but said he will take the blame for a screw-up on this one.
Labels: CME, CNBC, HLF, Jim Cramer, Mad Money, Mad MOney Recap, nadq, NRG, NYX
posted by Stock Administrator @ 7:16 AM
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