Jim Cramer Blog

Level 3 Communications (NasdaqGS: LVLT): 'Oh c'mon. This is so right. I'm tired of hearing the naysayers. It's already coming back. I want to back up the truck, LVLT.'eBay (NasdaqGS: EBAY)Ionatron (NasdaqGM: IOTN): ' ... got a $500,000 contract on Monday. It propelled the stock, and now it's pulled back. I suspect more contracts are in the works, and I am sticking with this, but only as a spec!... 'Diageo (NYSE: DEO): 'It's up in a straight line. We've had a huge ride ... I think you wait until a pullback, before you back up the truck.'Jefferies Group (NYSE: JEF): 'There is a belief among many that JEF is for sale... Why am I skeptical? ... I think Handler's too young to jettison it. I see the option activity... It's an inexpensive stock. I'll recommend it on earnings. If you get a takeover.'Moog (MOG-A): 'MOGa is another company with great filtration. I like MOGa. I was actually preparing a segment on this, but I guess the cat's out of the bag!'Kinross Gold (NYSE: KGC)Yamana Gold (NYSE: AUY)Golden Star Resources (AMEX: GSS)First Solar (NasdaqGM: FSLR): 'It's had a big run ... Wait for the pull back on the expiration of the lockup next week, then FSLR.'Charter Communications (NasdaqGM: CHTR): ' I think could mark time. If it goes below $3.40, (pull the trigger), but not until then. There is tremendous pin action in the cable business, because of the triple play. I looked at the CHTR quarter, and I liked what I saw very much.'Goldman Sachs (NYSE: GS)Allegheny Technologies (NYSE: ATI)Brookfield Asset Management (NYSE: BAM)
Bearish calls:
Gmarket (NasdaqGM: GMKT): 'I'm in the 'don't buy' camp on this Korean eBay. I'd rather own EBAY itself.'Hansen Medical (NasdaqGM: HNSN): 'No. You're ringing the register. Sell, sell, sell! ... that the gain has been made.'Tanzanian Royalty Exploration (AMEX: TRE): 'We are very nervous about this one, because we haven't done the work ... If you're going to roll the dice, you might as well roll them with a company called Tanzanian, but it's not my cup of tea.'Starbucks (NasdaqGS: SBUX): ' ... it's long-term good ... Long-term good means you don't like it. I don't like SBUX here. The quarter wasn't that good ... Don't buy, don't buy.'Trina Solar (NYSE: TSL): 'No. I'm going to steer you toward First Solar.'Bank of America (NYSE: BAC): 'Trouble. Trouble ... I know this is a well-run bank, but I wish they would stop making so many acquisitions! ... I've got to say, 'don't buy, don't buy...'
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Labels: ATI, AUY, BAC, BAM, DEO, GSS, JEF, Jim Cramer, KGC, Lightning Round, Mad Money, SBUX, TRE, TSL

American Tower (NYSE: AMT): 'I saw the quarter this morning ... I think the tower business is a great business ... I want to reiterate off that great quarter that AMT is best in show.'Crown Castle (NYSE: CCI)Rosetta Resources (NasdaqGS: ROSE): 'I think that ROSE is one of these terrific independent oil companies, that is way behind the group, that should be bought aggressively here, that people do not understand.'MasterCard (NYSE: MA)Schlumberger (NYSE: SLB): 'I believe very strongly that SLB is going higher ... The stock's right at its high. If that stock pulls back to $72-73, yeah, you bet what we're going to do with that one ('mon-back sound)...'Deere (NYSE: DE):'We would much rather own John Deere ... That's the only game in town.'Mosaic (NYSE: MOS)Incyte (NasdaqGM: INCY): 'Yeah, I mean, look, it's a spec ... It's doing fine. It's 50 cents off its high. I'm not backing away from that one. I like that.'Reliance Steel (NYSE: RS): 'I had been tempted - because we'd been up about 25 points from recommending RS - I was tempted to say ring the register, take profit. No. There's still too much opportunity. RS remains on my buy list.'Allegheny Technologies (NYSE: ATI):"The steels are still going higher."Yamana Gold (NYSE: AUY): 'We've caught more than a double there.'Kinross Gold (NYSE: KGC ): ' ... We have started to cotton up to Kinross Gold.'Golden Star Resources (AMEX: GSS )
Bearish calls:
Sirius Satellite Radio (NasdaqGS: SIRI): 'I am increasingly nervous that Mel Karmazen ... is not going to get his wish and make that big merger. If he doesn't, that stock stays... maybe even goes lower. Maybe goes to $2. If he does, you make money. So, you're talking about 80 cents down, and $3 up. Why not pull that off? Because the 80 cents down could out first. Don't buy, don't buy ... I fear that one of those companies will go out of business.'Capital One Financial (NYSE: COF): 'This is very hard ... COF has mortgage problems. And while the mortgage market's gotten better, that acquisition they made of Greenpoint and North Fork - it's not working for them. So I have to tell you - sell, sell, sell!'Daktronics (NasdaqGS: DAKT): 'I want you - even down here - to sell it. Sell, sell, sell! And, I've got tell you something, it's a bit of a trainwreck when it comes to forecasting, and I'm very negative on that.'VeraSun Energy (NYSE: VSE): 'Ix-nay on the ethanol! 'Dendreon (NasdaqGM: DNDN): 'I think a lot of the upside is already in ... I think it's gotten too expensive. I don't think there's any more upside, even with the final approval.'US Gold (AMEX: UXG): 'No, no. We've anointed our gold, and we're not going to deviate.'

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Labels: AMT, ATI, CCI, COF, DAKT, DE, GSS, Jim Cramer, KGC, Lightning Round, MA, Mad Money, MOS, RS, SIRI, SLB, UXG, VSE

Good As Golden Star Resources (AMEX: GSS - News)
Cramer likes GSS as a way to play the CNBC Million Dollar Portfolio Challenge. The company operates in South America and Africa, and is therefore highly speculative, but has a large mine in Ghana, "an island of stability." The bears are worried about a sulfide-processing plant GSS is building in Ghana, but Cramer thinks investors should use this anxiety as an opportunity to buy. He predicts the announcement of a new plant, which will double production and lower costs, will be sooner than expected. With this news, analysts will raise their numbers and the stock will go higher. Cramer also believes GSS may be taken over, and he likes the sector, since gold is moving up. Cramer would not swap out of best-of-breed Yamana to buy GSS, but likes the price at $4.46, and urges investors to use limit orders when buying.
Laser King: Ionatron (NasdaqGM: IOTN), Palomar Medical Technologies (NasdaqGS: PMTI), Syneron Medical (NasdaqGS: ELOS), Cynosure (NasdaqGM: CYNO)
Cramer noted that last Friday's laser pick, IOTN has risen 17% since his recommendation, and he decided to choose a new "laser king." Cramer has liked PMTI in the past and declared ELOS the "czar of lasers" when he was discussing cosmetic laser procedures. Now CYNO wears the laser king crown, since it has doubled while ELOS hasn't moved. In addition, CYNO has 30% growth and is levered to the rest of the world. Cramer added he prefers "a performer that's pricey" to "an underperformer that's cheap." PMTI is Cramer's second-best pick, but is more costly than CYNO, and he likes ELOS, but doesn't see it going up in the near future.
Game Plan for the Coming Week: Fluor (NYSE: FLR - News), McDermott International (NYSE: MDR - News), Foster Wheeler (NasdaqGS: FWLT), CVS/Caremark (NYSE: CVS - News), Dynegy (NYSE: DYN - News), Nabors (NYSE: NBR - News), Halliburton (NYSE: HAL - News), Parker Drilling (NYSE: PKD - News), Forest Oil (NYSE: FST - News), L-1 Identity Solutions (NYSE: ID - News), Precision Castparts (NYSE: PCP - News), Six Flags (NYSE: SIX - News), Syntax-Brillan (NasdaqGM: BRLC)
Cramer suggesting looking at infrastructure, especially MDR, FLR, and FWLT which are "terrific" companies and which should benefit from high oil prices. He would establish half a position before their reports and half after, and would buy the stocks on any weakness. On Monday, he would also buy FST. Cramer praises CVS as having "valued itself even further into the health care heaven" with its cheap Caremark purchase, and would buy ahead of its Tuesday report, adding he also likes DYN. PKD, which also reports on Tuesday, may be bought by NBR or HAL which discussed expansion during their conference calls, Cramer commented. His Wednesday picks include ID, PCP and SIX. Since the LCD TV sector is improving, Cramer likes BRLC which reports on Thursday after the markets close.
CEO Interview: Nolan Archibald, Black and Decker (NYSE: BDK - News)
Nolan Archibald says BDK's report was strong because of the company's "great brands and innovative products" which thrive in down times. BDK is featuring new Dewalt brand products including concrete breakers, hammers and generators. Archibald added the company is going to continue buying back shares. Cramer commented BDK is "the real deal" and sees it rising from $92.36 to $100.
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Labels: BDK, CVS, DYN, ELOS, FLR, FST, GSS, HAL, ID, Jim Cramer, Mad Money, MDR, NBR, PCP, PKD, PMTI, SIX