Jim Cramer Blog

Today's show began by Cramer telling us how to survive a recession caused by the real estate market because of the sell off that has happened the past two days. He said that you should sell any stock that has anything to do with housing, home building, finance, consumer spending, and any company that needs to borrow money to do business.
Then Cramer went to the phonelines. The first caller asked if we should be concerned about inflated assets being held by financial stocks, and Cramer said that these companies don't know what they are holding and that the industry is in disarray. Next caller asked about the price of oil, and Cramer said he is sticking with his $100 per barrel prediction. The last caller asked if Cramer still recommends investing in gold, and Cramer said that he thinks you should keep 10% of your portfolio in gold and gold related stocks.
Cramer then gave some stocks that he thinks will do well even if a recession happens. Altria (MO) has a large international business, a strong dividend, and its product is in high demand. The next stock is Freeport McMoran (FCX), which is also has good international sales and might be a buyout target in the near future. The next stock is Foster Wheeler (FWLT). Cramer likes this stock because it had a great 3rd quarter and he could see it doubling because it is strong in green businesses and oil. Cramer's next stock is Transocean (RIG), which Cramer likes because it will merge with GlobalSantaFe (GSF) and because it makes all its money overseas. Finally, Cramer likes MedcoHealth (MHS) because it is a medical cost containment play. ALl of these stocks were up today, even though the market was down.
After a break, Cramer took a few more calls. The first caller asked about the effect of China's plan to sell dollars, and Cramer thinks it is a lot of talk without any action. The next caller also asked about the falling dollar's effect on foreign investment, and Cramer said that he thinks a weak dollar gives international companies a chance to invest in the US.
"Sell Block." The first stock was Under Armour (UA) because it has lost its momentum, and Cramer doesn't think it will come back. Cramer also thinks you should sell (PMI), (MGIC), (MTG), and (ABK) if you own them because they will be drug down by the mortgage problems despite the fact that they look cheap now. He also thinks some of them might go out of business.
Mad Mail: One email asked about the shippers reporting earnings next week, which are (DRYS), (FRO), (EXM), and (TBSI), and Cramer said to buy half your position now and wait until after earnings to buy the rest. Another email praised Cramer for his interview with the CEO of Nastech (NSTK) yesterday, and Cramer said he can't sleep because he got that stock so wrong.
Cramer said it might be time to buy some more tech, such as Cisco (CSCO) and Google (GOOG).

Labels: CNBC, FCX, FWLT, GSF, Jim Cramer, Mad Money, Mad MOney Recap, MHS

Symantec (SYMC): "Can't recommend it, frankly." Cramer said to swap out of Symantec and into Oracle (ORCL).
Reliance Steel (RS): "Everybody's decided that all the steel stocks have to be SoldSoldSold. ... What Cramer's telling you is to pull the trigger on this weakness after that great quarter. Pretty simple."
Hercules Offshore (HERO): "The reason that it's not kept pace with the group is that it's shallow drilling. ... I cannot get behind that one." Cramer recommended instead deepwater drillers Transocean (RIG) and GlobalSantaFe (GSF).
"Goldman Sachs (GS) is challenged not as a company. ... I'm staying pat with Goldman Sachs for Action Alerts PLUS, my charitable trust." For dividend-paying stocks, Cramer recommended the following: the dry-bulk carriers; Consolidated Edison (ED), for a conservative dividend play; Altria (MO), for more risk; and AT&T (T), on a pullback. He also owns Altria for Action Alerts PLUS.
Flotek Industries (FTK): "I think Flotek is one of the kind of stocks ... that fits into my RIG and GlobalSantaFe thesis. ... This group is so in bull market mode, it is taking up everything!"
Brookfield Asset Management (BAM): "People have been dissin' it," Cramer said, but it depends on your time frame. CEO J. Bruce Flatt "is a great, great investor, and BAM ... should be bought here. I think people dissin' BAM are gonna have to face the music."
AT&T (T): "Reports this week, and I'm not concerned about the quarter." Cramer said that with a buyback or a dividend boost, "this stock goes to $42." But otherwise, he said, it stays where it is. "It's just not that exciting."
Valmont Industries (VMI): "I have been talking about this bull market in lighting, and it's really working here." Cramer said Valmont is at the crux of the agriculture, industrial and infrastructure bull markets. "It's a winner. I would stick with Valmont."
Published By TheStreet.com

Labels: BAM, ED, FTK, GS, GSF, HERO, Jim Cramer, Lightning Round, Mad Money, MO, ORCL, RIG, RS, SYMC, T, VMI

The start of the trading week got under way in the right direction, as the major market indices finished the session higher. The biggest gainer among the averages was the Dow, which rose 92 points. The Nasdaq rose 3 points on the session, while the S&P gained 7.5. Bulls were in the buying mood out of the gate as strong corporate earnings coupled with increased dealmaking led to bargain hunters picking up stocks after Friday's losses. In the energy sector, prices declined across the board, with crude finishing the day lower by -90 cents to close at $74.89 a barrel.
In earnings news, pharmaceutical giant Merck (NYSE: MRK - News) said net income rose to $1.68 billion, or 77 cents a share, compared to $1.5 billion, or 69 cents a share last year. Excluding restructuring charges, EPS would have been 82 cents. Sales rose 8% to $6.11 billion. The company also said it put away an additional $210 million into its reserve to help fight off Vioxx claims. In addition, it raised its full-year EPS guidance for 2007 to $2.80-2.95, or $3.00-3.10 excluding charges. Shares surged 6.9%
Elsewhere, oil services giant Halliburton (NYSE: HAL - News) rose 3.2% on the day after the company reported earnings from continuing operations of $595 million, or 63 cents a share. On a comparable basis, it earned $498 million, or 47 cents a share, a year earlier. Revenue rose to $3.74 billion from $3.12 billion the same period a year ago. The company said its 19% rise in earnings from continuing operations was fueled by international contracts.
M&A is still alive and well on Wall Street as a plethora of deals were announced. Drilling giant Transocean (NYSE: RIG - News) agreed to buy rival GlobalSantaFe (NYSE: GSF - News) for nearly $18 billion. Under the terms of the deal, Transocean shareholders will receive $33.03 in cash and 0.6996 shares of the combined company. GlobalSantaFe shareholders will receive $22.46 in cash and 0.4757 shares of the new combined company. The cash and stock deal will create a behemoth with a combined $53 billion in enterprise value.
Also in the buyout space, Cerberus agreed to buy United Rentals (NYSE: URI - News) for $34.50 a share. The total deal amount, which includes $2.6 billion worth of debt, is $6.6 billion. In the tech space, Hewlett-Packard (NYSE: HPQ - News) agreed to buy software firm Opsware (Nasdaq: OPSW - News) for $14.25 a share, in an all cash tender offer. The deal represents a 38% premium to where the shares closed on Friday.
By the BullMarket.com Staff

Labels: GSF, HAL, HPQ, MRK, OPSW, RIG, URI

Bullish calls:
EMC (NYSE: EMC - News)Wal-Mart (NYSE: WMT - News): 'How about taking a little bit of money out of Target and putting it into Wal-Mart?'Cisco Systems (NasdaqGS: CSCO - News): 'Move into the Cisco.'Acadia Pharmaceuticals (NasdaqGM: ACAD - News): 'Lots of ways to win. ... However, this group is under a cloud. ... You need to be patient, but I reiterate buy Acadia Pharma.'Omniture (NasdaqGM: OMTR - News): 'There is nothing like Omniture. It is the super-Nielsen of the Web. ... Stick with Omniture.'TOP Tankers (NasdaqGS: TOPT - News): 'All tanker stocks are hitting their 52-week highs. ... Yours doesn't pay the big dividend, but I'm not going to move away from that dry bulk group. It's really terrific.'Frontline (NYSE: FRO - News)Advanced Micro Devices (NYSE: AMD - News): 'I like semiconductors. ... Far be it from me to recommend selling any semiconductor stock.'Cal Dive International (NYSE: DVR - News): 'The perfect stock to own going into hurricane season. ... I like that stock, but people know I like the group.'Hercules Offshore (NasdaqGS: HERO - News): 'That symbol is HERO. It is my hero. ... As good as HERO is, I am still going to tell you that RIG, and Schlumberger are better.'Transocean (NYSE: RIG - News)Global Santa Fe (NYSE: GSF - News)Schlumberger (NYSE: SLB - News)Southern Copper (NYSE: PCU - News): 'It's a monster! It's on the move!'Freeport McMoRan Copper & Gold (NYSE: FCX - News)
Bearish calls:
Target (NYSE: TGT - News): ' ... 52-week high, took everybody by surprise, up $4. ... I think it's time to do a little schnitzel. ... How about taking a little bit of money out of Target and putting it into Wal-Mart?'Juniper Networks (NasdaqGS: JNPR - News): ' ... 52-week high. ... Swap out of the Juniper. Move into the Cisco.'XM Satellite Radio (NasdaqGS: XMSR - News): 'There's no way we can be in that. ... I'm going to give you a Don'tBuy.'Sirius Satellite Radio (NasdaqGS: SIRI - News)Diageo (NYSE: DEO - News): 'I think Diageo is just okay here.'
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Labels: ACAD, AMD, CSCO, DVR, EMC, FCX, FRO, GSF, HERO, Jim Cramer, Lightning Round, OMTR, PCU, RIG, SLB, TOPT, WMT

Bullish Calls:
EMC (NYSE: EMC - News)Wal-Mart (NYSE: WMT - News): 'How about taking a little bit of money out of Target and putting it into Wal-Mart?'Cisco Systems (NasdaqGS: CSCO - News): 'Move into the Cisco.'Acadia Pharmaceuticals (NasdaqGM: ACAD - News): 'Lots of ways to win. ... However, this group is under a cloud. ... You need to be patient, but I reiterate buy Acadia Pharma.'Omniture (NasdaqGM: OMTR - News): 'There is nothing like Omniture. It is the super-Nielsen of the Web. ... Stick with Omniture.'TOP Tankers (NasdaqGS: TOPT - News): 'All tanker stocks are hitting their 52-week highs. ... Yours doesn't pay the big dividend, but I'm not going to move away from that dry bulk group. It's really terrific.'Frontline (NYSE: FRO - News)Advanced Micro Devices (NYSE: AMD - News): 'I like semiconductors. ... Far be it from me to recommend selling any semiconductor stock.'Cal Dive International (NYSE: DVR - News): 'The perfect stock to own going into hurricane season. ... I like that stock, but people know I like the group.'Hercules Offshore (NasdaqGS: HERO - News): 'That symbol is HERO. It is my hero. ... As good as HERO is, I am still going to tell you that RIG, and Schlumberger are better.'Transocean (NYSE: RIG - News)Global Santa Fe (NYSE: GSF - News)Schlumberger (NYSE: SLB - News)Southern Copper (NYSE: PCU - News): 'It's a monster! It's on the move!'Freeport McMoRan Copper & Gold (NYSE: FCX - News)
Bearish calls:
Target (NYSE: TGT - News): ' ... 52-week high, took everybody by surprise, up $4. ... I think it's time to do a little schnitzel. ... How about taking a little bit of money out of Target and putting it into Wal-Mart?'Juniper Networks (NasdaqGS: JNPR - News): ' ... 52-week high. ... Swap out of the Juniper. Move into the Cisco.'XM Satellite Radio (NasdaqGS: XMSR - News): 'There's no way we can be in that. ... I'm going to give you a Don'tBuy.'Sirius Satellite Radio (NasdaqGS: SIRI - News)Diageo (NYSE: DEO - News): 'I think Diageo is just okay here.'
Published By SeekingAlpha

Labels: ACAD, AMD, CSCO, DVR, EMC, FCX, FRO, GSF, HERO, Jim Cramer, JNPR, Lightning Round, Mad Money, OMTR, PCU, RIG, SLB, TOPT, WMT, XMSR

Bullish Calls:
Archer Daniels Midland (NYSE: ADM): 'We're not going to go into the ethanol business! If we do, we're going to buy the one ethanol company that I think actually has earnings and a business model, which is ADM!'Danaher (NYSE: DHR): 'Down $4 from the high. I want you to pull the trigger. I want you to get long DHR.'Citigroup (NYSE: C): 'Chuck Prince overpaid today, made a dilutive acquisition for a hedge fund... Once again, board members... Mr. George David, Mr. Kenneth Derr, Mr. Rubin... Will you please broom the guy! C'mon! C - I like it, because I think the company will eventually come to their senses and give Chuck Prince the boot... 'Haynes (NasdaqGM: HAYN): 'Did we nail that one after the secondary? What did we pick up? A quick $12 there? This stock is going higher. This is one of those high-performance alloy stocks ... The stock is on a ramp. Yes! HAYN is a keeper!'Eli Lilly (NYSE: LLY): 'LLY's finally starting to get a little jiggy here. It is not my favorite at all ... I think it goes to $60 by options expiration next Friday, and then, I want you to sell it. Not until then.'Abbot Laboratories (NYSE: ABT)Crocs (NasdaqGS: CROX): 'How much do we like CROX?! ... Literally, literally, more than a quarter of the stock is short? That's wrong. We like CROX. We think it goes to $60.'National Oilwell Varco (NYSE: NOV): 'It's up a quick $15 but, you know what? NOV at $83 goes to $90. I'm sticking by it. It grows at 25%. It has a 20x multiple.'Transocean (NYSE: )GobalSantaFe (NYSE: GSF)Halliburton (NYSE: HAL - News): 'I think HAL is going to make a bid for Weatherford.'Immucor (NasdaqGS: BLUD): 'At $20, I had that management on, and I embraced that stock and, you know what? 52-week high.'Akamai Technologies (NasdaqGS: AKAM): 'I'm still going to send you to AKAM. Because, if you want web, I'm giving you AKAM.'J.C. Penney (NYSE: JCP): 'Why don't you buy some JCP? I want to stick with the best of the breed. I want you to stick with those that should get the benefit of the doubt...'
Bearish calls:
Aventine Renewable Energy (NYSE: )JetBlue (NasdaqGS: JBLU): 'Here we are, all the way back to $11 ... We just need to see this quarter. When we find out how much money we had to put into the new systems ... we will get bullish and pull the trigger!'Digital River (NasdaqGS: DRIV): 'Cry me a digital river! This stock is up so much since I recommended it, I'm scared of it. Sell, sell, sell!'Open Text (NasdaqGS: OTEX): 'You know what? That is a good company. I tend not to like this kind of web company.. sell, sell, sell!'Family Dollar Stores (NYSE: FDO): 'No! No! I don't think FDO's having that good a quarter. It's down 10% from its high. I don't want you in that. '
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Labels: ABT, ADM, C, DHR, FDO, GSF, HAL, JBLU, JCP, Jim Cramer, Lightning Round, LLY, Mad Money, NOV, OTEX

Celgene (NasdaqGS: CELG): 'I want the money shifted over to CELG.'Level 3 Communications (NasdaqGS: LVLT): 'I want to pull the trigger on this. This stock has had a tremendous run. When stocks have tremendous runs, of course they come in ... It's one of these stocks that is using the incredibly low rates - 4.67% on the 10-year today... And they are refinancing, they are issuing equity instead of debt... I'm telling you to back up the truck at $6 smackers.'First Solar (NasdaqGM: FSLR): 'It's the hottest, it's the best, and it's FSLR, because it does not need a handout from the great United States of America, in order to make the numbers.'Saks (NYSE: SKS - News): 'even though they lost their CFO, I'm giving them the benefit of the doubt! I would buy the stock.'VF Corp. (NYSE: VFC - News)J.C. Penney (NYSE: JCP - News)Polo Ralph Lauren (NYSE: RL - News)Inergy (NasdaqGS: NRGY): 'This is one of those very high-yielding ... propane wholesale distribution business, which is a fabulous business, and generates a huge amount of cash flow... 'American Tower (NYSE: AMT - News): 'The tower industry is in bull-market mode for so long - longer than this show's been on. I reiterate my buy on AMT. And everybody who wants to see a great cashflow business, look at the cell phone tower business.'Vaalco Energy (NYSE: EGY - News): 'It's pulled back to $5. I think people feel it's too risky. At $5 bucks, I like it. This is speculative ... I want to be very careful.'Exxon Mobil (NYSE: XOM - News):Transocean (NYSE: RIG - News):GlobalSantaFe (NYSE: GSF - News)ConocoPhillips (NYSE: COP - News): 'I haven't liked it, but versus the others, it's got to be bought right here. Buy, buy, buy!'Qwest Communications (NYSE: Q - News): 'Dick Notebart is doing an unbelievable job. That stock just blew through $9. They got the gigantic federal contract. I think Q is going to $10, not in a heartbeat, but pretty darn soon.'American Ecology (NasdaqGM: ECOL): 'We've liked that stock very much. I like the dividend too. I want to stick with that.'
Bearish calls:
Geron (NasdaqGM: GERN): 'No, no. Way too speculative for me. Why buy a risky stock like GERN, when CELG has got less risk and more reward?...'FuelCell Energy (NasdaqGM: FCEL): 'You know I'm not a fan.'Acadia Pharmaceuticals (NasdaqGM: ACAD): 'This is one of those - they already priced the deal.'Harley-Davidson (NYSE: HOG - News): 'I am concerned. Don't buy, don't buy. I've got to do more work. Maybe I am wrong, and that HOG could go still lower.'Walgreen (NYSE: WAG - News): 'WAG is a consistent, slow-grower ... 'don't buy, don't buy' until I see whether WAG does indeed pull the trigger on Express Scripts.'Energy Partners (NYSE: EPL - News):: 'I am strictly in the sell, sell, sell mode.'Monster Worldwide (NasdaqGS: MNST): 'I was very let down by the MNST numbers. That was a clear and utter miss!'

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Labels: AMT, CELG, COP, EGY, FSLR, GSF, JCP, Jim Cramer, Lightning Round, LVLT, Mad Money, NRGY, Q, RIG, RL, SKS, VFC, XOM

Reliance Steel (NYSE: RS - News), U.S. Steel (NYSE: X - News), Lone Star (NYSE: LSS - News): Cramer suggests buying RS which was up 3% on the deal between X and LSS, but is still "the cheapest that's left" in the consolidation-driven steel sector. Concerning the acquisition of LSS, Cramer said "What a deal!"
GlobalSantaFe (NYSE: GSF - News): Cramer thinks a "monster seller" is doing investors a favor by giving them an opportunity to buy GSF, which Cramer thinks may be a takeover or merger targetfor Seadrill.
Tata Motors (NYSE: TTM - News), Frozen Food Express (NasdaqGM: FFEX), RadioShack (NYSE: RSH - News): Cramer likes TTM as a secular growth story and doesn't think it will be affected by India's overheated economy. Cramer is looking into FFEX because of Bob Olstein's recommendation; "This guy, you've got to take down everything he says. That's how great he is." Cramer also likes RSH.

Labels: GSF, Jim Cramer, Jim Cramer's Stop Trading, LSS, RS, RSH, TTM, X

Lockheed Martin (NYSE: LMT - News): 'I think LMT is incredibly cheap. It's got a huge buyback. A question whether it even needs to be public. I would buy that stock hand over fist, every time it gets hammered. It's been a big winner, and it will stay a big winner.'Reliance Steel (NYSE: RS - News): 'RS is the cheapest stock left in the group. I look at RS, in the mid-$40s, and I think it's a travesty... The stock deserves to sell in the $50s... 'Freeport-McMoRan (NYSE: FCX - News): ' There are very few stocks that I feel have created value by merging in this country... FCX has created a giant colossus of copper... As the Chinese continue to buy copper, you are going to coin money FCX... I typically don't like the cyclicals right here. FCX is a buy, buy, buy, and I want you to stay long it. FCX, you rock!'Jacobs Engineering (NYSE: JEC - News): ' It has reported two great upside surprises. And it does not get the respect ... JEC is best in show.... trades very difficult... I think $90 goes to $110. I like the infrastructure group. They're doing a great job.'Foster Wheeler (NasdaqGS: FWLT): 'I like FWLT.'Transocean (NYSE: RIG - News): 'I've got to go with best of breed RIG. Long Live RIG!'GlobalSantaFe (NYSE: GSF - News)
Neutral calls:
Riverbed (NasdaqGM: RVBD): 'It has now pulled back to $26. There is a sense that the stock is played out, and the reason is that there's been so much insider selling. I am now in 'wait and see' mode in RVBD.... I can't pull the trigger on RVBD, until I see the quarter...'
Bearish calls:
United States Steel (NYSE: X - News): 'Swap out of X and get into RS.'Southwest Airlines (NYSE: LUV - News): 'it was the once-great - because no one else had its recipe... and now everyone's got its recipe... and now, it's a don't buy ... LUV has got to come down before I can recommend it.'Advanced Micro Devices (NYSE: AMD - News): 'I've got to take the extraordinary step of pressing every single bad button there is! Sell, sell, sell! The house of pain... There is no reason for AMD to live! It has no purpose! It has nothing going for it! If you're in AMD, I give you permission right now to leave, and sell that stock!'GameStop (NYSE: GME - News): 'The new product's dried up a little, so I've got to tell you, I would not buy GME until we get closer to the Christmas season. I think it does nothing for now.'Diamond Offshore (NYSE: DO - News): 'No. DO does not have the leverage to the world that RIG has. It has a little too much Gulf of Mexico for me ... I cannot bless that stock.'
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Labels: AMD, DO, FCX, GME, GSF, JEC, Jim Cramer, Lightning Round, LMT, LUV, Mad Money, RIG, RS, X

CVRD (NYSE: RIO - News), BHP (NYSE: BHP - News), Freeport McMoran (NYSE: FCX - News), Phelps Dodge (NYSE: PD - News): Cramer urges investors who "have walked away from the table" because of subprime lending to take a look at RIO and BHP, because most of the demand for copper and nickel is coming from China, and the "America-centric" view will lose investors money. He comments BHP has "really found a floor here at $42" and is"very, very interesting." Cramer adds "with copper right here, the FCX/PD combination would go up." RIO will benefit from the very strong nickle demand in China.
Global SantaFe (NYSE: GSF - News),Transocean (NYSE: RIG - News) and Hercules (NasdaqGS: HERO): Although an analyst predicted an 80% jump for HERO, Cramer was positive yet lukewarm on the company. "The day rates for shallow are going to go down .... the day rates for deep are all going to go up." For this reason, Cramer said he likes RIG and GSF, both of which have "gigantic buybacks" and the "motivation to make a deal."

Labels: BHP, FCX, GSF, Jim Cramer, Jim Cramer's Stop Trading, PD, RIG, RIO

Bullish calls:
Walt Disney (NYSE: DIS - News): 'The stock itself is a screaming buy. It's a buy, buy, buy! They have bought back - one of the biggest buybacks ... This stock goes higher. I would buy it right here. Buy, buy, buy!'Clearwire (NasdaqGS: CLWR): 'They priced this deal badly with everybody in it, they got hurt. But they have no shame... I think CLWR is a long-term winner, because they have Craig McCaw... We are not going to make money now, because all the flippers are in it... Shame on them. It remains a buy.'Ameriprise Financial (NYSE: AMP - News): 'Warren Buffet likes it. I like it. I hadn't realized that that stock had come down that much... At $55? You know, this thing is growing at 10%. It sells at 14x earnings...Hey, you know what? AMP - Buy, buy, buy!!'Savient Pharmaceuticals (NasdaqGM: SVNT): 'They've got a phase III deal coming. I never liked SVNT for the earnings. I liked it for all the stuff in the pipe.'Genzyme (NasdaqGS: GENZ)Celgene (NasdaqGS: CELG): 'CELG is on the move. That is the one to buy right here!'Gilead Sciences (NasdaqGS: GILD)Transocean (NYSE: RIG - News): 'We like RIG, which I said was going to go to $75, and it did today. It will be back Friday, if you missed it.'Halliburton (NYSE: HAL - News)GlobalSantaFe (NYSE: GSF - News): 'We like GSF, another offshore driller.'Foster Wheeler (NasdaqGS: FWLT): 'If you want to be in that business, you consistently ... go buy FWLT. And the reason is that they don't have a lot of overruns. And I think you absolutely have to fear overruns more than anything else in that group. I think that FWLT is the play.'Walgreen (NYSE: WAG - News): ' ... anytime you can get that stock below $45, you pull the trigger... That is one of the best-run... the best safety in the retail business.'Yamana Gold (NYSE: AUY - News): ' ... we want to be in AUY! That's the gold company.'
Bearish calls:
Patterson-UTI Energy (NasdaqGS: PTEN): 'No, the other day we talked about this... The other day we said we are not going to buy domestic drillers ... because we are offshore. PTEN is wrong.'Washington Group (NasdaqGS: WGII)Marsh & McLennan (NYSE: MMC - News): 'I took Cherkasky [CEO] off the 'Wall of Shame,' because he's trying his best, but there's no earnings momentum there. They need a new guy there, or they should sell themselves.'Kinross Gold (NYSE: KGC - News): 'No! KGC is a sale! We don't want no stinking KGC!'
Published By SeekingAlpha

Labels: AMP, AUY, CLWR, DIS, GSF, HAL, Jim Cramer, Lightning Round, Mad Money, RIG, WAG

Bullish calls:
Apple (NasdaqGS: AAPL): 'AAPL is the best-acting technology stock in the book ... Don't trust most of techonlogy, until we get to the summer... but not AAPL. I think AAPL is best in show. Pull the trigger on any weakness...'Yamana Gold (NYSE: AUY - News): 'I think gold is a good place to go. I think people should have 1 gold stock out of 10. And the stock they should own is AUY! Which is the only gold company which is completely and utterly replenishing its coffers, even as it is produces gold. You got it right. Do you back up the truck? Let's do that at $12.'Alliant Techsystems (NYSE: ATK - News)General Dynamic (NYSE: GD - News): ' ... you know that GD may be best in show.'Lockheed Martin (NYSE: LMT - News): 'Take a look at LMT, which got completely crushed today. That shouldn't have been down $3.'Genentech (NYSE: DNA - News): 'This stock acted pretty darn well in the selloff. It has been meandering between $80 and $85. I think that Evastin's problems are way overblown ... it's still in my top 4.'Gilead Sciences (NasdaqGS: GILD)Celgene (NasdaqGS: CELG): 'I don't like DNA as much as I like CELG, which is my #1 name.'Genzyme (NasdaqGS: GENZ): 'I don't like it [DNA] as much as GENZ.'Microsoft (NasdaqGS: MSFT): 'Everybody knows that Vista's not selling well. I think that MSFT, at $26, deserves and merits a buy here... not on voice recognition, but on a crystal, rock-solid clear balance sheet, and a business that isn't going away. The stock is now down five straight points. That's an overaction, and I'm buying. Buy, buy, buy!'GlobalSantaFe (NYSE: GSF - News)Transocean (NYSE: RIG - News): 'Rig is #1.'Garmin (NasdaqGS: GRMN): 'I thought GRMN acted very well today ... What a clean quarter they had. Let that stock come in to $50. And then, I don't care about the insider selling. I need you to pull the trigger multiple times... $50, then $47, and then $45... What a stock! What a company.'
Neutral calls:
Diamond Offshore (NYSE: DO - News): 'When I went through the quarter for DO... Frankly, I was not as impressed as I wanted to be... Here's the deal... The pecking order of drillers is very clear: RIG* is #1... Then GSF... and only then, would you pick up DO.'
Bearish calls:
SAIC (NYSE: SAI - News): 'Remember, I said that SAIC, I had to give up on it... I rode it up to $21 and then I rode it back. My bad.'
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Labels: ATG. ATK, AUY, DNA, DO, GD, GSF, Jim Cramer, LMT, Mad Money, RIG, SAI

Oil is Well: BP (NYSE: BP - News), Exxon Mobil (NYSE: XOM - News), ConocoPhillips (NYSE: COP - News), Chevron (NYSE: CVX - News), Schlumberger (NYSE: SLB - News), National Oilwell Varco (NYSE: NOV - News), GlobalSantaFe (NYSE: GSF - News), Halliburton (NYSE: HAL - News), KBR (NYSE: KBR - News) and Transocean (NYSE: RIG - News)
Cramer sees buying opportunity in the oil sector because market players are "not looking at the right things" but are instead paying attention to weather and inventory numbers. "Base your decisions on how its customers are doing," urged Cramer, saying earnings are not a good indicator right now, and the only major integrated oil he is recommending is BP, based on its yield rather than its earnings. "The only safe and profitable place to be" is drilling, commented Cramer, and he cited a XOM statement that it had been too conservative with oil production and said he expects to hear the same thing from COP and CVX. Cramer would buy deepwater drillers ahead of analyst meetings, picked only five worth owning in 2007 and ranked them in descending order.
5. Schlumberger: an undervalued stock4. National Oilwell Varco: The only company that develops rigs that dig deeply enough. NOV has "years of backlog" which should keep estimates up.3. Global Santa Fe: has an aggressive buyback2. Halliburton: Although many do not like the company's move to Dubai, Cramer feels it is a necessary strategy to gain back market share from SLB. He predicts HAL will "jump up fast" on a tender offer because of its KBR spinoff. He would hold HAL after the spinoff.1. Transocean: "How can you not own a rig stock that's called RIG?" Cramer said of his number one oil-drilling pick, and added that day rates are "skyrocketing," RIG is a good takeover or merger target, and since options expiration is coming up, "this stock is going to end at $75 at the end of the week," which Cramer feels is a good entry point. On Monday, RIG was sitting at $76.62. Hansen Medical (NasdaqGM: HNSN), Intuitive Surgical (NasdaqGS: ISRG) and Stereotaxis (NasdaqGM: STXS)
Hansen Medical could be "the next Intuitive Surgical," a stock which has risen 1, 124 %since its IPO in 2000, says Cramer, and he says subpharma is the place to be since it is immune from subprime problems. HNSN makes robotic catheters that are easy to maneuver, has a "big target market," and although its machine hasn't been approved yet, Cramer believes it will be approved first in Europe and then in America by the end of the year. Although the company is losing money "hand over fist" and does not yet have any revenues, Cramer would buy the stock, albeit with tight limit orders and only after doing homework. Although HNSN does not quite have a monopoly, its machine is cheaper than that of its sole rival STXS.
Mad Mail: Altria (NYSE: MO - News) and Celgene (NasdaqGS: CELG)
Cramer suggested owning the regular Altria stock instead of the new MO-issued shares, but told investors to wait until he did a segment on the stock. He urged an investor who sold CELG to buy it back.
Published by SeekingAlpha

Labels: BP, COP, CVX, GSF, HAL, Jim Cramer, KBR, Mad Money, MO, NOV, RIG, SLB, XOM

Global Santa Fe (NYSE: GSF - News): Cramer is amazed that this stock is so low. He translated the conference call to say 'You know want? We're fed up with Wall Street. We'd rather be private. Our contracts are worth ten times the price of our darn stock.' Cramer predicts the stock will rise from $57.
Viacom (NYSE: VIA - News): Viacom reported a great quarter that might have gone unnoticed because of its complaints about subprime lending and the yen carry trade. The company "broke all the rules" when CEO Philippe Dauman gave forward guidance in the conference call; "he let the cat out of the bag. He said the next quarter is great... that's money in the bank!" Cramer said, and would buy the stock up 71 cents Friday at $39.28.

Labels: GSF, Jim Cramer, Jim Cramer's Stop Trading, VIA

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."
Published By SeekingAlpha

Labels: CHTR, DISH, GSF, VIA

Bullish calls:
GlobalSantaFe (NYSE: GSF - News): ' I like GSF.'Transocean (NYSE: RIG - News): 'I like RIG.'McDonald's (NYSE: MCD - News): 'What's not to like? You know MCD is my favorite. Now, it is true that my friend Danny Meyer did indicate that McDonald's is kind of like a filling station... but it's a darn clean filling station and, really, honestly... is there anyone in the world that doesn't like their fries?... 'EMC (NYSE: EMC - News)Moody's (NYSE: MCO - News): 'Well I did have a sense that they [Credit Suisse downgraded] were a combination Zuukoff-Stalin, when they were doing that kind of communist downgrade. Here's the deal: I think that MCO is not as good as MHP.'McGraw Hill (NYSE: MHP - News): 'I like MHP, because it's got a more diversified business. So I support the idea of MCO, but not as much as MHP.'Greif (NYSE: GEF - News): 'I think that this is the company that looks so much like it could be taken out in a private equity deal. It's got the plastic, fiber, corrugate... basic American commodity plays... but, I can't recommend that at its 52-week high ... You need a pullback, before you can back the truck up.'Halliburton (NYSE: HAL - News): 'HAL announces what is the equivalent of the giant buyback that I've been looking for. I just had to point that out...'China Mobile (NYSE: CHL - News): 'You should be going into CHL - the only Chinese stock I recommend on this show.'Time Warner (NYSE: TWX - News): ' Incredibly undervalued ... I still think it goes to $25.'Chemical & Mining Company of Chile (NYSE: SQM - News): ' ... even in the $140s -SQM is a better fertilizer stock [than TRA].'
Bearish calls:
Alvarion (NasdaqGM: ALVR): 'This is an Israeli WiMax play, that I think is too tied into the whole cell phone morass... I want you in my McCaw play [which will be traded as CLWR], not in ALVR...'Boston Scientific (NYSE: BSX - News): 'At $18 and change, we hit the 'sell block' on that... we said we don't want to be greedy, we said get out. Here it is at $16 and change. I'm warming up, but I am not ready to pull the trigger. I say 'don't buy, don't buy...'Noble Energy (NYSE: NBL - News): 'This one is so well run. It is just light years from the BPs... from the Royal Dutches ... I believe that the better buys right now - and I'm saying ring the register - are in the oil drillers. I like GSF and I like RIG.'Netscout Systems (NasdaqGM: NTCT): 'NTCT is not my favorite here. I'd rather see you in a kind of software/hardware play.'Qiao Xing Universal Telephone (NasdaqGM: XING): 'Your stock should be sold. You should be going into CHL - the only Chinese stock I recommend on this show.'Coca-Cola (NYSE: KO - News): 'You know, three guys have now upgraded KO and the stock's not moving. I'm putting it in the 'don't buy' camp. Don't buy, don't buy.'Terra Industries (NYSE: TRA - News)

Labels: ALVR, BSX, CHL, EMC, GEF, GSF, HAL, Jim Cramer, KO, Lightning Round, Mad Money, MCD, MCO, MHP, NBL, RIG, SQM, TRA, TWX

"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 -