Jim Cramer's Mad Money Stock Recap Nov. 16th
On Friday Cramer bagan by talking about a recommendation he made on Thursday in the Lightning Round that he wants to correct. He had said that St. Jude Medical (STJ) was a sell, and after giving it some thought, he realized that it should be a buy. His reasons were that Medtronic (MDT) had a recall in a market where these two companies are the only players, health care stocks are good defensive plays, and it is trading at just over 1X its growth rate.
Then Cramer went to the phonelines. The first caller asked about Johnson & Johnson (JNJ), and Cramer said that it is a safe play in a slowing economy, plus Warren Buffet is buying shares. Second caller asked about Humana (HUM), and Cramer said that he doesn't know why the analysts don't like the stock, and that it is a cheap stock. He also said that he likes UnitedHealth (UNH) better, partially because Warren Buffet is buying this as well. Another caller asked about Hansen Medical (HNSN), and Cramer said that he thinks it has run its course and he doesn't want anything to do with it. The last caller asked about Beijing Medical (BJGP), and Cramer said that he won't recommend this Chinese stock since they are so risky.
Cramer came back and talked to (CSX) CEO Michael Ward who talked about their stock buyback, upcoming earnings, and why a hedge fund has been asking for a change in leadership. Cramer concluded that this stock is a buy.
In Cramer's "Game Plan" for next week, he said that he won't be recommending any individual stocks because the big investors are unsure right now, so they are unpredictable. Cramer said that Wells Fargo (WFC) gave a very negative report on the housing market and they are one of the best banking stocks out there, so the bad banking stocks must be really suffering. He said to get out of Countrywide (CFC), Washington Mutual (WM), Downey Financial (DSL), E*Trade (ETFC), Standard Pacific (SPF), Pulte Homes (PHM), Centex (CTX), and Beazer (BZH), and buy defensive stocks like Coca-Cola (KO), Altria (MO), Colgate (CL), Clorox (CLX), Avon (AVP), and Medco Health (MHS). Cramer said that things have gotten much worse for the economy recently, and the Fed can't let the economy fall apart, so they will have to take action soon.
Cramer went over his mining picks that have been doing well: BHP Billiton (BHP), C.V.R.D. (RIO), and Freeport McMoran (FCX), and then talked with the CEO of one that hasn't: Lundin Mining (LMC). It is down since they didn't have a very good quarter and he wants to know whether it is time to give up on the stock or buy more. The CEO was optimistic, but Cramer said that he wants you to wait until they report another quarter before buying more.
Lastly, Cramer did a review of the week and ended the show.
Then Cramer went to the phonelines. The first caller asked about Johnson & Johnson (JNJ), and Cramer said that it is a safe play in a slowing economy, plus Warren Buffet is buying shares. Second caller asked about Humana (HUM), and Cramer said that he doesn't know why the analysts don't like the stock, and that it is a cheap stock. He also said that he likes UnitedHealth (UNH) better, partially because Warren Buffet is buying this as well. Another caller asked about Hansen Medical (HNSN), and Cramer said that he thinks it has run its course and he doesn't want anything to do with it. The last caller asked about Beijing Medical (BJGP), and Cramer said that he won't recommend this Chinese stock since they are so risky.
Cramer came back and talked to (CSX) CEO Michael Ward who talked about their stock buyback, upcoming earnings, and why a hedge fund has been asking for a change in leadership. Cramer concluded that this stock is a buy.
In Cramer's "Game Plan" for next week, he said that he won't be recommending any individual stocks because the big investors are unsure right now, so they are unpredictable. Cramer said that Wells Fargo (WFC) gave a very negative report on the housing market and they are one of the best banking stocks out there, so the bad banking stocks must be really suffering. He said to get out of Countrywide (CFC), Washington Mutual (WM), Downey Financial (DSL), E*Trade (ETFC), Standard Pacific (SPF), Pulte Homes (PHM), Centex (CTX), and Beazer (BZH), and buy defensive stocks like Coca-Cola (KO), Altria (MO), Colgate (CL), Clorox (CLX), Avon (AVP), and Medco Health (MHS). Cramer said that things have gotten much worse for the economy recently, and the Fed can't let the economy fall apart, so they will have to take action soon.
Cramer went over his mining picks that have been doing well: BHP Billiton (BHP), C.V.R.D. (RIO), and Freeport McMoran (FCX), and then talked with the CEO of one that hasn't: Lundin Mining (LMC). It is down since they didn't have a very good quarter and he wants to know whether it is time to give up on the stock or buy more. The CEO was optimistic, but Cramer said that he wants you to wait until they report another quarter before buying more.
Lastly, Cramer did a review of the week and ended the show.
Labels: bjgp, CNBC, CSX, HNSN, HUM, Jim Cramer, JNJ, Mad Money, Mad MOney Recap, MDT, STJ, UNH
posted by Stock Administrator @ 7:38 AM
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