Jim Cramer Blog

Coleman Cable Inc. (NasdaqGM: CCIX), FC Stone Group (NasdaqGS: FCSX), Great Lakes Dredge and Dock (NasdaqGM: GLDD)
Cramer suggested looking at the Russell 2000 index, a list of 2000 small-cap stocks which will be updated this year on June 22nd. Stocks will be added to or dropped from the list depending on their performance on Thursday. Half of the added stocks usually go up, and while this may seem like only a 50/50 chance of making money, Cramer says the rising stocks go much higher, while those that decline dip only slightly. The top 5 performers last year, Sigma Designs, Matrix Services, Bradley Pharma, Jones Soda and Advanced Magnetics, have all increased at least 100% since their addition to the index. Every listed company should have a market cap range between $233 million and $3 billion, should trade on a major exchange and have a stock price of at least $1. Cramer predicts CCIX, FCSX and GLDD will be added to the Russell 2000 index this year. CCIX is an electrical and cable wire company, a "market leader", and is up 37% since Cramer's March recommendation. FCSX is a commodities risk management company which is expanding into China and Brazil. Finally, GLDD is a demolition dredging services company which is protected from foreign competition from the Jones Act.

Sell Block: Charter Communications (NasdaqGM: CHTR), Apple Inc. (NasdaqGS: AAPL), Delphi Corp. , Dell (NasdaqGS: DELL), Sears (NasdaqGS: SHLD)
"What the heck to you do with two 40% plus wins?" asked Cramer and advised viewers never to be afraid to sell a stock that is up 40%. Although he liked CHTR because of the "virtuous cycle" of its debt refinancing, Cramer would sell all or most of it now because it is too expensive. He admitted Apple is a bit trickier, but he would sell a good portion of it before the iPhone release because he feels expectations are too high and he noted the stock declined after the iPhone was introduced. Cramer did not recommend buying Delphi Corp. because it was on the pink sheets, and now that it has risen 34%, Cramer joked he "would not quite recommend selling some." After its great number, Cramer would hold on to Dell and believes Michael Dell will fix the company's problems. While Sears had a "horrible" quarter, Cramer still is a believer in the stock and noted Warren Buffett also had some down times with Berkshire Hathaway.

Mad Mail: Halliburton (NYSE: HAL)
When asked why Halliburton has not yet realized Cramer's expectations,he said it is levered to natural gas which has bottomed and domestic drilling which has decreased but should come back. Cramer reiterates his buy on HAL; "Sometimes they're hated, and then they explode."

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Labels: AAPL, CCIX, CHTR, DELL, FCSX, GLDD, HAL, Jim Cramer, Mad Money, SHLD

Six Flags (NYSE: SIX - News): 'We are big fans of Mark Shapiro... I like the advanced ticket sales. I like what he's doing. I am bullish on SIX, but I have to believe that you don't want to pull the trigger until it is below $6.'Ford (NYSE: F - News): 'People are believing in Alan Mulally [CEO}, and it's about time. He's shrinking the company ... we have heroes on Wall Street, not just villains, and Alan is one of the heroes!'Wells Fargo (NYSE: WFC - News): 'Best in show bank. 14x multiple. Unbelievable. WFC is good - don't buy, don't buy - but I want you to pull the trigger on GS!'Goldman Sachs (NYSE: GS - News): ' ... at $225, and I think it's going to $350... I want you to pull the trigger on GS.'Peabody Energy (NYSE: BTU - News)Chemed (NYSE: CHE - News)Charter Communications (NasdaqGM: CHTR) 'CHTR's going higher! CHTR is now up almost a dollar from where we recommended it.'J.C. Penney (NYSE: JCP - News)Kohl's (NYSE: KSS - News)Saks (NYSE: SKS - News): 'Somebody upgraded it today. They're finally getting on board. I like that one too!'Dick's Sporting Goods (NYSE: DKS - News)Lowe's (NYSE: LOW - News)Federated Department Stores (NYSE: FD - News): 'That stock has gotten too cheap. I'd like to buy that. Buy, buy, buy.'Sears (NasdaqGS: SHLD): ' ... is a stock that everybody now hates... (buzzer sounds)... Meanwhile, I say, c'mon. The guy's making money. Give him the BOD - give him the benefit of the doubt!'Caterpillar (NYSE: CAT - News): ' ... why would you not buy Caterpillar instead, which is best in show, much too low versus the rest of the group.'Joy Global (NasdaqGS: JOYG): 'I like JOYG, but it is to CAT that I am pointing you to...'Syneron Medical (NasdaqGS: ELOS): 'We're still sticking with ELOS ... We like the lasers. We believe in the dental laser. Has it taken off yet? Not yet, but we still like it. I would stick with ELOS.'China Medical (NasdaqGS: CMED): 'The stock is good... A very strange combination of hospice and Roto Rooter... I am sticking by CMED. I would take a little off, because ... hogs get slaughtered... but CMED was a good one and it remains so.'New York Stock Exchange/Euronext (NYSE: NYX - News): '.... was so ugly today that... I've never seen such a bear raid on a stock ... The Euronext numbers that came out were great!'
Bearish calls:
Consol Energy (NYSE: CNX - News): 'Keep looking! Don't pull the trigger! Don't buy, don't buy.'Massey Energy (NYSE: MEE - News): ' ... that one is just awful! House of pain...'DivX (NasdaqGM: DIVX): 'I cannot get behind DIVX. That was one of the ugliest quarters out of the chute that I've ever seen... I cannot do the right thing when management screws up. I am not getting behind DIVX. No way, no how!'Big Lots (NYSE: BIG - News): 'BIG is not a favorite of mine.'Sport Chalet (NasdaqGM: SPCHB)Central Garden & Pet (NasdaqGS: CENT): 'Pass on CENT... Inconsistent. Not a great company. Way too levered to whether we have a good garden season, which is really bad. Sell, sell, sell!'

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Labels: BIG, BTU, CAT, CHE, CHTR, CNX, DKS, F, FD, GS, JCP, Jim Cramer, KSS, Lightning Round, LOW, NYX, SIX, SKS, WFC

Follow Slim's Picks: Kraft (NYSE: KFT), Saks (NYSE: SKS), American Movil (NYSE: AMX)
Cramer would pay attention to the "overseas Warren Buffett," Carlos Slim Helu, who has surpassed Buffett on Forbes rich list, partly because of his exposure to emerging market stocks. Looking at Slim's portfolio, Cramer found KFT, which is not one of his favorites, SKS, which he didn't want to feature again, and finally AMX, which he thinks is a great play on the growth of cell phones in Latin America. Although AMX is at its 52-week high, Cramer feels it is "too good not to feature."

Green Day Part 4: Tetra Tech (NasdaqGS: TTEK)
Cramer is bullish on TTEK as a way to play the scarcity of clean drinking water, and noted it is in "the sweet spot" since 85% of its revenue is from water management and it has acquired Delaney Group, "a little wind company."

Sell Block: Charter Communications (NasdaqGM: CHTR), Sirius Satellite Radio (NasdaqGS: SIRI), XM Satellite Radio (NasdaqGS: XMSR), CMGI (NasdaqGM: CMGI), Oilsands Quest (AMEX: BQI) and Crystallex (AMEX: KRY), Vonage (NYSE: VG), Fremont General (NYSE: FMT), Downey Financial (NYSE: DSL)
For his Sell Block Segment, Cramer discussed hot stocks in CNBC's Million Dollar Portfolio Challenge game. Many of the stocks are speculative, and while he encourages speculation it should be undertaken if one's portfolio is balanced. The only one Cramer would buy is CHTR because cable is "on fire" and he predicts the stock will climb to $4 from $3.28. While he is "not totally negative" on SIRI, it is experiencing so many difficulties in its attempts to merge with XMSR that Cramer can not "in good conscience" recommend it. Headspinning changes to its business model make CMGI a sell, and Cramer would also unload BQI and KRY. He reiterated his bearish stance on VG, calling it "the single least investable stock" he's ever seen. While popular, Cramer says FMT has too much subprime exposure and would buy DSL instead.
CEO Interview: Nastech Pharmaceutical's (NasdaqGM: NSTK), Stephen Quay with stocks Celgene (NasdaqGS: CELG), Gilead Sciences (NasdaqGS: GILD), Genzyme (NasdaqGS: GENZ)
When asked what the company's star product is, Stephen Quay replied it was a "horserace" between its obesity and osteoperosis treatments, and its insulin nasal spray for diabetes. While Dr. Eric Hollander has shown that injections can help reverse some symptoms of autism, Stephen Quay comments the treatments are not long-lasting. However, NSTK has been working with Hollander to develop a nasal spray that will last much longer than the injections and expects to begin clinical trials this year. Cramer is bullish on NSTK as well as CELG, GILD and GENZ.

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Labels: AMX, BQI, CHTR, DSL, FMT, Jim Cramer, KFT, KRY, Mad Money, SKS, TTEK, VG, XMSR

Triple Deal for Triple Play? Charter Communications (NasdaqGM: CHTR), Comcast (NasdaqGS: CMCSA)
While Cramer recently doubted his sanity for having recommended CHTR, which hasn't budged since February, he heard some news that makes him bullish on CHTR once again. CMCSA announced plans to take over Insight Communications' assets in Indiana and Illinois for $4583 per subscriber, 12% higher than CHTR's rate of $4017. In addition, CMCSA made a deal with New Jersey based Patriot Media for $5,963 per subcriber. Cramer sees CHTR as a very attractive takeover target for Comcast, which is willing to pay a substantial fee for subscribers. Although CHTR has some debt, it is currently in a virtuous cycle of refinancing and is cheap. In addition, CHTR is based in fast-growing areas like Nevada and California and is a great triple play stock, comments Cramer.
All Cedant's Children: Wyndham Worldwide (NYSE: WYN - News)
Cramer notes that, after Cedant's breakup, its children are growing up "real fast", a total of 32% since the breakup. However, the ugly duckling seems to be WYN, which owns Ramada Hotels and timeshares and "is a great play on cheapskate baby boomers" who want fancy ski vacations but don't like to pay fancy prices. At $34.50, WYN is only $2 above where it was when Cedant spun it off, and Cramer sees more upside. He is not worried about its $2.9 billion debt, since it works like a bank, lending money at high interest rates. WYN is a takeover target, according to Cramer and is "way too cheap."
Makeover for Harsco (NYSE: HSC - News)
Cramer likes the way Harsco is reinventing itself and regrets referring to HSC as a manufacturing company. Instead, Cramer describes HSC as a "miniconglomerate of industrial services and products" and notes it is "taking the lead in industrial outsourcing." It is aggressively taking market share in mills and access services, businesses that "didn't exist ten years ago." Now the company is "beating the Chinese and everyone else as well." Cramer is bullish on HSC because it is "brilliantly creating a niche for itself."
Michael Farrell, Chairman and CEO of Annaly Capital Management (NYSE: NLY - News)
Michael Farrell explained why his company wasn't devastated by the subprime lending fiasco, and credits the company's thirty year experience in spotting trends; "I don't pretend to have a crystal ball ... but the bottom line is that it was unsustainable." Farrell said it is too early to pick up the pieces and the crisis, which has yet to reach the third inning, needs time to play itself out. "The flight to quality that's going to happen with triple-A assets is still there," Farrell continued, and stated the relative safety or danger will depend on the asset class. Cramer remarked that he regrets ever doubting the stock, and called NLY and Michael Farrell winners.
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Labels: CHTR, CMCSA, Hot Stocks, HSC, Jim Cramer, Mad Money, NLY, WYN

Bullish calls:
RPM International (NYSE: RPM - News): 'Rustoleum! The stock got hit for $2 bucks. Down to 3% yield again. C'mon! Back up the truck for RPM, one of the great long-term performers and, by the way, a very conservative management.'Six Flags (NYSE: SIX - News): 'You should buy SIX in the spring, ahead of the summer season... We had that guy Mark Shapiro on... That guy just rocks.'General Maritime (NYSE: GMR - News): ' Remember, I have not been a fan of the tanker stocks, but the one guy I trust is Georgiopoulos. He's the CEO. He's actually the founder. It's his money man. We've got to go with him.'Halliburton (NYSE: HAL - News): 'You keep your HAL! The prince ... is now the king! ... has a 10% buyback ... HAL is awakening from its slumber. It is now marching upward. It has been my value stock of the year.'Staples (NasdaqGS: SPLS): 'Sport, I recommended this thing right here (at its current price) and it has not moved at all. And yet, it keeps delivering and delivering and delivering. I am not abandoning it. It's one of the best-run retailers out there.'Hewlett-Packard (NYSE: HPQ - News): 'I like HPQ. It's been stuck here, under $40. I want you to make the switch out of the DELL and into the HPQ.'Under Armour (NYSE: UA - News): 'That stock holds in like you won't believe! ... I think the breakdown in Reebok, which is now owned by Adidas, where it's now going to lose a lot of shelf space, is going to be UA's gain. I like UA so much, that I have to contain myself!'Charter Communications (NasdaqGM: CHTR): ' ... this is the level. Anybody who bought CHTR at $3.10, you must buy it here. This company is going to be able to refinance and refinance and refinance, because interest rates are so low. I am sticking by CHTR. 'Graco (NYSE: GGG - News): 'I didn't believe that the stock should be this low. He does have a lot of North America that's weak... I think that guy is great. I would take advantage of the fact that GGG is down. Take advantage of his honesty. I would pull the trigger.'
Neutral calls:
Cadbury Schweppes (NYSE: CSG - News): 'It yields 3.68% and it's all the way down to $41?... I've got to look at that .... Let's do a segment on CSG - I don't know whether it's going to be positive or negative - next week.'
Bearish calls:
Bausch & Lomb (NYSE: BOL - News): ' Here's the deal: I think that BOL - as long as it's run by Ron Zarella - is a nightmare. And he is in my hall of shame. Sell, sell, sell! He's ridiculous. He should step down. And, you know what Ron? It's not personal. It's just business.'American Home Mortgage (NYSE: AHM - News): 'That dividend is 18%, and I think some large dividends, unlike hips, do lie. I want to be careful of that ... that dividend is a distinct red flag. I'm nervous.'Dell (NasdaqGS: DELL): 'No. Sell, sell, sell! No, Michael Dell cannot work miracles. I like HPQ*. It's been stuck here, under $40. I want you to make the switch out of the DELL and into the HPQ.'Iconix Brand (NasdaqGM: ICON): 'This stock has so much momentum that it actually - and I don't mean this to be negative - this one scare's me, it's got so much momentum... I keep reading about it virtually everywhere ... I don't want to buy it, even though I know it's doing the right thing. Don't buy, don't buy.'Gmarket (NasdaqGM: GMKT): 'You know, GMKT's bad ... This has been a tough market. GMKT I was too bullish on it ... I hope it really goes up so we can really dump on it and get everybody out of it.'Melco PBL Entertainment (NasdaqGM: MPEL):Micron Technology (NYSE: MU - News): 'Not in our lifetime. Sell, sell, sell! Stay away my friend!'Pfizer (NYSE: PFE - News):Crown Media Holdings (NasdaqGM: CRWN): 'Your stock stinks! Sell, sell, sell!'

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Labels: AHM, BOL, CHTR, CRWN, CSG, DELL, GGG, GMR, HAL, HPQ, ICON, Jim Cramer, Lightning Round, Mad Money, MU, pfe, RPM, SIX, UA

GlobalSantaFe (NYSE: GSF - News), Charter Communications (NasdaqGM: CHTR), EchoStar Communications (NasdaqGS: DISH),Viacom (NYSE: VIA - News)
Cramer commented that, in the drama and trauma that was last week's market,"There was tons of information that was totally overlooked" on conference calls, and he urges investors to do their homework and to review the conference calls of GSF, CHTR, DISH and VIA. All of these companies said important things that were ignored. He disapproves of a "scalping" approach to trading which investors use to fade the open or benefit from sudden market moves, such as a fall in U.S. markets due to an overseas event. Cramer calls this a strategy for underperformance. What is needed is homework, says Cramer, and he adds that every investor needs to ask;"Which stocks do I like on the S & P down 1%?' and circle the wagons around those stocks."
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Labels: CHTR, DISH, GSF, VIA

"Pipeline Play": Biosite (NasdaqGS: BSTE)
Cramer wanted viewers to take a look at Biosite which will be in demand if the Democrats "storm the winter palace" in November, because the money will go out of Big Pharma into "small, diagnostic plays." He likes the fact that Biotech is new and not yet played out, and comments that this producer of diagnostic tests keeps reinvesting money into new products. Cramer added Biosite is "sitting on top of a new product cycle," and should see an upside as well as more analyst coverage. He also predicts a short squeeze which should bring the stock up, and notes the company implemented a 12% buyback of its stock, and Fidelity is increasing its stake in the company from 12% to 15%. Cramer likes Biosite as a "pipeline story" and thinks the shorts are going to be sorry.
Here Comes the Sun Microsystems (NasdaqGS: SUNW)
Cramer declares that SUNW, a stock he has "hated for a very long time," is now an "under -$10 turnaround" because its new management is making serious changes by cutting costs and continuing to improve its sales. However, he cautions against impulse buying, and urges investors to find a good entry point and not to buy before Monday afternoon. Cramer sees upgrade potential, notes that its server business is "en fuego" and its software business is strong. He reminds investors to use limit orders when buying.

The Week Ahead: GlobalSantaFe (NYSE: GSF - News), Marvell Technology (NasdaqGS: MRVL), Analog Devices (NYSE: ADI - News), Blockbuster (NYSE: BBI - News), Dynegy (NYSE: DYN - News), Foster Wheeler (NasdaqGS: FWLT), McDermott (NYSE: MDR - News), Charter Communications (NasdaqGM: CHTR), Sprint (NYSE: S - News), Gap (NYSE: GPS - News), Viacom , and VeriFone (NYSE: PAY - News)
On Monday, Cramer suggests buying GSF before it reports a "blowout quarter" and would pick up MRVL after its disappointing report. He sees hope for MRVL because ADI indicated the worst is over in the chip inventory cycle. Cramer says investors should sell BBI before Tuesday and buy some back after a selloff, and he would do the same with DYN. He predicts strong earnings for FWLT and MDR, would buy CHTR ahead of its report, and would only pick up Sprint if it has an "incredibly miserable" quarter. Cramer also suggests taking a look at GPS, Viacom and PAY.
Mad Mail: Sirius Satellite Radio (NasdaqGS: SIRI) and XM Satellite Radio (NasdaqGS: XMSR)
When faced with a potential merger, Cramer says it is better to buy stock in the stronger rather than the weaker company, because even if the deal is off, the better company will rise.
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Labels: ADI, BBI, BSTE, CHTR, DYN, FWLT, GPS, GSF, Jim Cramer, Mad Money, MDR, MRVL, PAY, S, SIRI, SUNW, XMS

Labels: CCJ, CHTR, EMU, IBM, Jim Cramer, Mad Money, SRCL

Bullish calls:
Apple (NASDAQ: AAPL - News): 'Even on a little teeny-weeny pullback, because they're my stocks of the year, they're still worth buying.'Disney (NYSE: DIS - News)McDonald's (NYSE: MCD - News)Omniture (NASDAQ: OMTR - News): 'Yes, Piper Jaffrey had the audacity to take a stock, that I think is the future of the internet, and take it to a sell, sell, sell. I'm doing a buy, buy, buy. You cannot look at the web, and know what people are looking at, without OMTR software.'Melco PBL Entertainment (NASDAQ: MPEL - News): 'People are leaving the table. They think Macau is played out ... but I think that MPEL is cheap. I want to buy it. I would play going into another position.'Sears Holdings (NASDAQ: SHLD - News): 'You're talking about heresy, if you're thinking about selling that one. That's my friend, Eddie Lampert, that is running the store there. And I believe that this stock is marking time after a phenomenal run - 35% year over year ... I do not condone selling the stock. Stay long SHLD.'
Bearish calls:
New York Community Bancorp (NYSE: NYB - News): 'It is a good merger candidate... but you can't speculate on a company for a takeover, if the fundamentals are deteriorating ... it is the kind of company that actually does badly when you hear about this thing called the inverted yield, where the interest rates you get on cash are pretty much the same as for what they lend money out ... you have to be able to weather the possibility of a big decline in earnings at NYB ... it's most certainly a 'don't buy, don't buy.'Sirius Satellite Radio (NASDAQ: SIRI - News): 'I befriended Mel Karmazen [SIRI's CEO], and I am giving myself 30 lashes right now ... because I cost people. That stock went from $4 to $3.70, because he did not make his projections. Without a takeover, Mel Karmazen is not going to make you a lot of money... Stay away, unless he's going to merge, and you will know when he wants to merge. 'Charter Communications (NASDAQ: CHTR - News): 'People are buying CHTR - they believe the first thing that Time Warner will do is buy CHTR. If they buy CHTR, I can tell you, it will be at this (current) price. I reiterate ka-ching, ka-ching, ka-ching (i.e., sell).'Conexant Systems (NASDAQ: CNXT - News): 'I am concerned about CNXT's balance sheet, which is why I aggressively recommended sell, sell, sell, slightly higher - actually 80 cents - from here.'U.S Global Investment (NASDAQ: GROW - News): ' It's delivered a 250% return. ...hogs get slaughtered. Let's take a little off the table, and let the rest ride.'
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Labels: AAPL, CHTR, CNXT, DIS, GROW, Jim Cramer, Lightning Round, Mad Money, MCD, MPEL, NYB, OMTR, SHLD, SIRI