Jim Cramer's Mad Money Stock Recap Oct. 30th
Cramer began Tuesday's show by talking about investing opportunities in Brazil. Cramer believes that Brazil is a good place to invest because it will profit from lowered interest rates in the US and improving investment conditions. His top Brazil play is Banco Bradesco (BBD). Cramer had recommended this stock earlier this year, and then told people to switch into Banco Itau (ITU). Now he wants you to go back to Bradesco because it is cheaper and has better growth prospects.
Southern Copper (PCU): Cramer took a call asking if PCU would react to the falling dollar, and Cramer said not to worry about the US economy much when investing in Brazil. Next Cramer talked about an FCC ruling that is expected tomorrow which will eliminate agreements between cable companies and apartment owners. Cramer also thinks that Corning (GLW) will profit from the removal of these contracts, since Verizon (VZ) and AT&T (T) will move into apartments, and they will need to lay fiber to do so. Cramer also thinks that the company is too cheap considering its growth rate.
Noah Education (NED): This stock stumped Cramer yesterday, and since he thinks the Chinese education market is growing and he is bullish on the stock. He also mentioned that now is the chance to buy more dry bulk shipping stocks.
Cramer returned from the lightning round talking about a $64 per share bid that Kirk Kerkorian made for Tesoro (TSO). He thinks you can profit from some pin action from this offer by looking at other refiners. His recommendation is Marathon Oil (MRO), which would go up 18% if it was given the same valuation as Tesoro. Cramer thinks that refiners have bottomed, and that Marathon has given investors a good entry point, along with exposure to markets with better margins and the fact that they do some exploration as well.
Cramer then read an email thanking him for his stock picks and answered a question about merger arbitrage.
Sudden Death. Cramer is bearish on Palm (PALM) and Coach (COH), and he is bullish on Diana Shipping (DSX) along with other dry bulk shippers.
Southern Copper (PCU): Cramer took a call asking if PCU would react to the falling dollar, and Cramer said not to worry about the US economy much when investing in Brazil. Next Cramer talked about an FCC ruling that is expected tomorrow which will eliminate agreements between cable companies and apartment owners. Cramer also thinks that Corning (GLW) will profit from the removal of these contracts, since Verizon (VZ) and AT&T (T) will move into apartments, and they will need to lay fiber to do so. Cramer also thinks that the company is too cheap considering its growth rate.
Noah Education (NED): This stock stumped Cramer yesterday, and since he thinks the Chinese education market is growing and he is bullish on the stock. He also mentioned that now is the chance to buy more dry bulk shipping stocks.
Cramer returned from the lightning round talking about a $64 per share bid that Kirk Kerkorian made for Tesoro (TSO). He thinks you can profit from some pin action from this offer by looking at other refiners. His recommendation is Marathon Oil (MRO), which would go up 18% if it was given the same valuation as Tesoro. Cramer thinks that refiners have bottomed, and that Marathon has given investors a good entry point, along with exposure to markets with better margins and the fact that they do some exploration as well.
Cramer then read an email thanking him for his stock picks and answered a question about merger arbitrage.
Sudden Death. Cramer is bearish on Palm (PALM) and Coach (COH), and he is bullish on Diana Shipping (DSX) along with other dry bulk shippers.
Labels: ATT. T, BBD, GLW, iTunes, Jim Cramer, Mad Money, Mad MOney Recap, PCU, VZ
posted by Stock Administrator @ 7:15 AM
0 Comments
