Jim Cramer Blog

Buy Annaly (NLY), Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.
Cramer said the mortgage company is well positioned to benefit from a coming series of Fed rate cuts. Cramer also likes Downey Financial (DSL) and FirstFed (FED), calling them "fulcrum stocks" and saying they're too heavily shorted to not rally in a declining-rate environment.

Labels: DSL, FED, Jim Cramer, NLY, Stop Trading

On Wednesday, Cramer said, "For everyone who missed out on the 400-point rally yesterday and today, I have one thing to say: It's not too late, you've barely missed a thing." Proof: Cramer said when the Fed realized the extent of its problems back in 1990, it was a great time to get into the market. Since then: Dow Jones up 10,000 points. People shouldn't pay attention to the "negative Nancies" that have been scared out of the market. Cramer says the rate cut has been great for so many stocks. Including: Kohl's (KSS), Target (TGT), as well as the banks. Also: Wachovia (WB), Downey Financial (DSL), and FirstFed Financial (FED). Cramer is still in the middle on homebuilders. He wouldn't touch Lennars (LEN) or KB Homeses (KBH), but wouldn't short them anymore.
AT&T (T): Cramer spent the next segment telling why AT&T is a good buy. It has a good dividend and has "totally reinvented itself as a growth company" by investing in telco companies. AT&T CFO Rick Linder was welcomed to the show and said the telco industry is resurging. Their wireless data, broadband, and video division are all taking off as well. Their acquisition of Apple's iPhone has been largely successful, especially since its price drop to $200.
Mad Mail: writer commented on Cisco's (CSCO) recent acquisition of wireless solutions company Cognio and asked if all WiFi companies are headed down the bandwidth road to the extent that Level 3 Communications (LVLT) will soon experience explosive revenue and profit growth.
Am I Diversified? Cramer's first caller asked if he was diversified with the following five stocks: Apple, Noble (NE), Potash (POT), Research In Motion (RIMM) and Schlumberger (SLB). Cramer pointed out two pairs with Apple and RIMM, and Noble and Schlumberger. Throw out Noble and Apple and add a defense play like Northrop Grumman (NOC) and a financial like Wachovia. Separately, Cramer said he prefers Deere (DE), Monsanto (MON) and Bunge (BG) to Potash.
His second caller named these five picks: Genentech (DNA), Fuel-Tech (FTEK), NightHawk Radiology (NHWK), L-1 Identity Solutions (ID) and US Gold (UXG). Cramer told the caller she had too much of a gambling portfolio with too many speculative stocks like ID, FTEK and UXG. He suggested getting out of those and into less speculative names.

Labels: ATT. T, CSCO, DE, DSL, FED, Jim Cramer, KSS, LEN KBH, LVLT, Mad Money, Mad MOney Recap, MON, NE, NOC, POT, RIMM, TGT, WB

Wells Fargo (NYSE: WFC - News)
Cramer said Friday was a "great day for the market" and indicated the cut of 50 basis points to 5.75% was partly the result of his "heart felt plea" to Fed Chairman Ben Bernanke to slash the rate. Cramer reiterated his bullishness on WFC, but regrets he didn't recommend the stock earlier. Although investors are now "playing offense," Cramer says the change is one of psychology, not fundamentals.
Thornburg Mortgage (NYSE: TMA - News), Countrywide Financial (NYSE: CFC - News), Goldman Sachs (NYSE: GS - News), Lehman Brothers Holdings (NYSE: LEH - News)
Cramer wondered "where was that 500 point rally?" that was supposed to accompany a rate cut, but added the cut averted a 1,000 point decline. He said the slash in the rate saved TMA nd CFC from almost certain collapse. Although hedge funds are still in sell mode and the market could experience a hiccup, like the 5.4% drop in Japan's Nikkei, Cramer believes the worst is over and would buy GS and LEH on the rate cut.
"Post-Bernanke Enlightenment Game Plan:" Sears Holding (NasdaqGS: SHLD - News), Bear Stearns (NYSE: BSC - News), Downey Financial (NYSE: DSL - News), Washington Mutual (NYSE: WM - News), Centex (NYSE: CTX - News), Schlumberger (NYSE: SLB - News), Halliburton (NYSE: HAL - News), NYSE Euronext (NYSE: NYX - News)
As always, Cramer likes SHLD, not only because of CEO Eddie Lampert but also because the company has "lots of cash." In addition to Goldman and Lehman, Cramer says it is time to buy financials BSC, DSL and WM. He added Countrywide and Thornburg's recent problems could lead to takeover bids. Because of hurricane season and renewed vitality in the housing sector, Cramer discussed CTX, which could see a short squeeze, and revisited his perennial favorites SLB and HAL. He thinks NYX will finally get some respect because its estimates are too low in spite of high trading volume. Cramer said these picks are good to "buy high and sell higher," and if they rise on Monday, Cramer would wait five days before buying.
Published By SeekingAlpha

Labels: BSC, CFC, CTX, DSL, GS, HAL, Jim Cramer, LEH, Mad Money, NYX, SHLD, SLB, TMA, WFC, WM

HMS Holdings (NasdaqGS: HMSY - News): 'We've always liked this. This is one of those companies ... that do cost control for medical.'MedcoHealth Solutions (NYSE: MHS - News)Cardinal Health (NYSE: CAH - News)AT&T (NYSE: T - News)EMC (NYSE: EMC - News): 'I think that EMC is a better way to play VMware right now.'Intuitive Surgical (NasdaqGS: ISRG - News): Freeport-McMoran (NYSE: FCX - News): 'This is a gold company and a copper company in a deflationary spiral mandated by the Federal Reserve. ... Am I backing away from it? No. ... I will say bull to Freeport.'First Solar (NasdaqGM: FSLR - News)Exelon (NYSE: EXC - News): 'Well-run ... can do well. ... I say two thumbs up to Excelon/'Hawaiian Electric (NYSE: HE - News): 'I like the utilities here. This one's got a very high yield. It's in a growth market. ... I stick with Hawaiian Electric.'
Bearish calls:
J.C. Penney (NYSE: JCP - News): 'I have been doing some work on J.C. Penney. 52-week low ... retail very hard to own ... I like to wait and see the quarter.'Posco (NYSE: PKX - News): 'It's not a House of Pain anymore. It's literally a Nation of Pain ... Don'tBuy, because it can go lower.'One National Banc (NYSE: ONB - News): 'Every bank is for sale here. ... I cannot recommend a bank on this show. I can't because I like other sectors so much more. Don'tBuy Don'tBuy Don'tBuy.'BHP Billiton (NYSE: BHP - News): ' I am not going to walk away from these, but you have to understand, these stocks are in the crosshairs of the Fed, and they are going to go down.'Fuel-Tech (NasdaqGM: FTEK - News): ' ... is so speculative in this environment.'Downey Financial (NYSE: DSL - News): 'Downey is a stock that will fly up 20 points when the Fed decides to blink. ... I think Downey's book value is pretty clean. I am surprised it got down to $47. I can't back away here.'VMware (NYSE: VMW - News): '$60 is my target, and we're already up another $7 today.'Accuray (NasdaqGM: ARAY - News): 'Accuray, frankly, is not a stock that I can pull the trigger on.'Akamai (NasdaqGS: AKAM - News): 'We know that Akamai's the wrong thing.'
Published by SeekingAlpha

Labels: ARAY, BHP, CAH, DSL, EMC, EXC, FCX, FSLR, FTEK, HE, HMSY, ISRG, JCP, Jim Cramer, Lightning Round, MHS, ONB, PKX, T, VMW

Bullish calls:
Aecom Technology (NYSE: ACM): 'This is the sleeper next infrastructure play. ... It's done nothing yet, and that's about to change, and I think it goes higher.'Medarex (NasdaqGM: MEDX)Acadia Pharmaceuticals (NasdaqGM: ACAD) Nastech Pharmaceutical (NasdaqGM: NSTK)Hain Celestial Group (NasdaqGS: HAIN): ' Surprised it's not rallying here. Too closely linked in people's minds to Whole Foods. Let's buy some Hain.'Downey Financial (NYSE: DSL):' ... the only savings and loan I am recommending in this great country of ours is DSL Downey Financial.'Peabody Energy (NYSE: BTU)
Bearish calls:
Perficient (NasdaqGS: PRFT): 'Too dangerous ... Don'tBuyDon'tBuy.'CB Richard Ellis Group (NYSE: CBG): 'I've never really understood the value ...'McAfee (NYSE: MFE): 'Don'tBuy. ... I would let it go down.'TFS Financial (NasdaqGS: TFSL): 'Not the right moment for these savings and loans ... 'Optium (NasdaqGM: OPTM): 'Too many companies in the space for video bandwidth.'Akamai Technologies (NasdaqGS: AKAM)Limelight (NasdaqGM: LLNW)
Published By SeekingAlpha

Labels: ACAD, ACM, AKAM, BTU, CBG, DSL, HAIN, Jim Cramer, Lightning Round, LLNW, Mad Money, MEDX, MFE, NSTK, OPTM, PRFT, TFSL

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.

Published By SeekingAlpha

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

Bullish calls:
Downey Financial (NYSE: DSL): 'Let's go buy some Downey.'Nokia (NYSE: NOK): 'Reported a pretty good number.'Apple (NasdaqGS: AAPL): 'Marking time ... one of just three tech stocks I said you could own right through to the summer.'Quicksilver Resources (NYSE: KWK): 'That's the good Quicksilver ... happens to be in my sweet spot.'Dow Chemical (NYSE: DOW): 'They decided they don't want value ... you take the dividend, you hold the stock. Dow will be acquired.'XTO Energy (NYSE: XTO)Procter & Gamble (NYSE: PG): 'I think it's a coiled spring ... I like management very much ... I say it's at the right level ... step up to the plate and buy it before it hits 65.'RPM International (NYSE: RPM): 'Kind of has been lost in the shuffle. ... The long-term record with RPM is so good, we're giving them the benefit of the doubt.'St. Jude Medical (NYSE: STJ): 'Two ways to win ... get the heart business pumping much faster or we get a takeover. Do not abandon St. Jude even though it's had a nice run.'Google (NasdaqGS: GOOG)Domino's Pizza (NYSE: DPZ): 'Surprised the stock has pulled back .... We stay long Domino's, and I want you to buy some.'Diageo (NYSE: DEO): 'When the stock got to 74, quite an anomaly after they reported a fantastic quarter ... Stock just up 9 straight points. ... I want you to wait for a pullback to 80 before I want you to get involved.'Broadridge Financial (NYSE: BR): 'I do like the brokerage business, and that's what it's levered to.'Tiffany (NYSE: TIF): 'Holy cow is that ever a great company.'Coach (NYSE: COH): 'Coach, Ralph Lauren, Guess? those are all premium brands that you can buy and pay high multiples for.'Polo Ralph Lauren (NYSE: RL)Guess? (NYSE: GES)
Bearish calls:
Companhia Vale do Rio Doce (NYSE: RIO): 'We've liked this stock literally for 15 points ... Let it come in, then you'll have to buy it back. Rio is a great growth story ... as is Brazil.'BHP Billiton (NYSE: BHP)TrustCo Bank Corp (NasdaqGS: TRST): 'Seemingly inexpensive ... problem is on a book value basis, it is very expensive. ... I say ixnay on the TrustConay. Let's go buy some Downey.'Motorola (NYSE: MOT): 'I've been right to stay away from Moto ... they sent me a press release about how Carl Icahn is not welcome on their board. ... Motorola, let Carl Icahn on your board. And if not, until then, stay away.'Southern Copper (NYSE: PCU)
Published By SeekingAlpha

Labels: BR, COH, DEO, DOW, DPZ, DSL, GES, Jim Cramer, KWK, Lightning Round, Mad Money, MOT, NOK, PG, RIO, RPM, STJ, TIF, XTO

CEO Wall of Shame: Terry Semel of Yahoo! (NasdaqGS: YHOO)
Cramer added Yahoo CEO Terry Semel, the "master of the art of overpromise and underdeliver," to his CEO Wall of Shame after the company failed to meet expectations yet again on Tuesday. "You can't raise the bar really high and then implode," Cramer says. "And you certainly shouldn't be allowed to do it repeatedly." He thinks Terry Semel is even worse than IBM's Sam Palmisano and Citigroup's Chuck Prince.

Money in the Banks: Downey Financial (NYSE: DSL), Wachovia (NYSE: WB), Lehman Brothers (NYSE: LEH), Bear Stearns (NYSE: BSC), Goldman Sachs (NYSE: GS), Impac Mortgage (NYSE: IMH)
Downey may be the next Golden West, a savings and loan which was recently bought by WB in a controversial yet beneficial move, according to Cramer. He thinks DSL is one of the best risk/reward stocks around, and believes it will double if it is acquired, may benefit if the Fed raises interest rates, or if it busts the shorts, which hold 40% of DSL's float. Cramer would buy LEH, BSC, GS, commenting "what was negative four weeks ago is now positive for banks," and he thinks IMH could double on any good news.
Green Day Part 3: BorgWarner (NYSE: BWA), Halliburton (NYSE: HAL), Transocean (NYSE: RIG)
Continuing his Green Day series, Cramer discussed BWA an auto-supplier which is sought-after because of its fuel efficient turbochargers, for which there is high demand across the industry. Since many of its clients are overseas, he doesn't think BWA will be affected by problems with domestic car sales. When a caller asked if traditional energy is "peaking" in the wake of "Green Day," Cramer replied that oil is "still in a multi-year expansion" but prefers oil service stocks such as Halliburton and Transocean.

Mad Mail: Superior Offshore, Burger King (NYSE: BKC), Southern Copper (NYSE: PCU), FuelCell Energy (NasdaqGM: FCEL)Cramer told a viewer he doesn't think IPO Superior Offshore's strategy of paying a special cash dividend before going public is a bad idea, and noted companies like BKC have been successfully doing the same thing. When asked if PCU will "drop like a rock" again in late April and early May, Cramer said he would still buy PCU, and the pattern is linked with China. Finally, he agreed FCEL will rise because of the "Green Day" decision.
Pubished By SeekingAlpha

Labels: BKC, BSC, BWA, DSL, GS, HAL, IMH, Jim Cramer, LEH, Mad Money, PCU, RIG, WB