Jim Cramer Blog

Erin Burnett started the show discussing the Fed's new U.S economy survey with Diana Olick and Steve Liesman, both of CNBC. Diana says that the standards are tighter on consumer loans as well as residential. Stave adds that barriers have been created by the tighter credit and lending institutions. Mortgage delinquencies have drastically increased in the past quarter. The pace of homebuilding is low and is not expected to pick back up until, at best, well in to 2008. The DOW, Nasdaq and S&P have all shown improvements today. Bonds and Oil are down, stocks are at a high for the day; says Bob Pisani. Freddie Mac (FRE) and CITI Group are today's leaders in the financial sector. Exxon Mobil, Sunoco and Valero Energy are among the top five stocks in the energy sector. Next, Steve Burton of ING Global Real Estate Fund says we like companies with a conservative business model. Also mall stocks in Europe, Asia and the U.S. are considered good investments. Simon Property (SPG) is his top pick of the day. The next topic was Saudi Arabian oil reserves. Countless terror attack attempts have been foiled; by over 200 arrests being made on terror plot suspects. The attempt to infiltrate the infrastructure of Saudi reserves could be quite an issue, being that Saudi Arabia operates over one quarter of the reserves in the world. Next topic was the Chinese economy. Zachary Karabell of Fred Alger Management says there is no greater sign of investor panic in China, adding that their economy is an engine for growth. Shanghai Composite is seeing increases in the triple digits today. Very strong earnings growth is expected for any Chinese investments. Erin than talked about how private equity markets such as the Middle East are looking east for investments. They said they are trying to align themselves with interest allocaters to make some of these investments work. Colony Capital is currently one of the largest private equity investors. They currently have $26B in assets. They own office, hospitality, gaming, residential, and retail properties globally. Colony closed its largest acquisition this month by taking over Station Casinos for $8.8 B. Stop Trading with Jim Cramer was next. He says that he will be buying rather than selling within the financial sector.

Labels: Citigroup Inc., CNBC, Erin Burnett, EXXON MOBIL, FRE, ING, Jim Cramer, Jim Cramer's Stop Trading, SPG, Street Signs, street signs recap

Potash (NYSE: POT - News): 'POT has been on the 52-week high list for what seems like months. I still like it ... Stay with POT.'Mosaic (NYSE: MOS - News): ' ... fertilizer ... Mosaic, Agrium and Monsanto ... these are all ag plays. And the ag complex, along with the aerospace complex, are in major bull market mode.'Monsanto (NYSE: MON - News)Agrium (NYSE: AGU - News)Cisco (NasdaqGS: CSCO): 'I think CSCO - with a lot of stock to buy back - with some great product offerings - should be bought at $26 ... we're down a buck and a half, and I think it's worth it to pull the trigger right here.'Virgin Media (NasdaqGS: VMED): ' ... hasn't even started the triple play yet. I was early in that stock. Early means 'wrong' in the parlance of Wall Street... But we're down a dollar in this stock and I think we should stay with VMED.'Clearwire (NasdaqGS: CLWR): 'It should never have gone down to $17. That was just crazy. I want to stick by CLWR. 'ViaSat (NasdaqGS: VSAT): 'I was surprised to see that stock go down too ... grows at 17%, with a 20x multiple. I think you've got to stick with it! I would even pull the trigger now that I've taken a look at it.'ING Group (NYSE: ING - News): 'I say ING is maybe one of the cheapest banks in the world. I like their online strategy. I am with you, I'd buy that stock!'Cleveland-Cliffs (NYSE: CLF - News): 'I think that CLF - which is the largest iron ore producer in this country - is going to be hard to maintain its independence. I want to buy some below $70...but I was, like you, chagrinned about that delayed earnings report.'3M (NYSE: MMM - News): 'This is a weak-dollar stock. We've got a weak dollar environment, a big Asian proprietary business. MMM has been a monster, a monster! MMM is going higher. MMM is still cheap. It can go up another two multiple points on that growth rate. I say it goes to $100. It's the strongest stock in the Dow.'Dynegy (NYSE: DYN - News):El Paso (NYSE: EP - News): 'We have been behind this company, ever since they decided to clean up their balance sheet.'Dynegy (NYSE: DYN - News)Halliburton (NYSE: HAL - News)
Bearish calls:
Harris Interactive (NasdaqGS: HPOL): 'I don't see a lot going on there ... Don't buy, don't buy.'Lamar Advertising (NasdaqGS: LAMR): ' ... even though the quarter was terrific, I worry about regulation coming in ... They make billboards that change, and they're very exciting, but maybe so exciting that they cause accidents! ... Sell, sell, sell!'HMS Holdings (NasdaqGS: HMSY): 'This stock is very expensive. It sells at more than twice its growth, so I cannot recommend it on this show. Don't buy, don't buy. But I do like that segment very much. But valuation keeps me from pulling the trigger.'Giant Industries (NYSE: GI - News): 'I myself am a seller of the refiners. I think that margins have peaked. I would sell that stock. Ring the register. You've got a gigantic gain. Please don't give that gain back. Sell, sell, sell!'
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Labels: AGU, CLF, CLWR, DYN, EP, HAL, ING, Jim Cramer, Lightning Round, MMM, MON, MOS, POT, VMED, VSAT

Bullish calls:
First Solar (NasdaqGM: FSLR): 'I want you to go First Solar.'ING (NYSE: ING - News): 'It is a premier bank, but it did miss the quarter. Below 40, you have a nice yield.'Apple (NasdaqGS: AAPL)Staples (NasdaqGS: SPLS): 'Flat-lining ... but all is well, there's nothing wrong, business is .'Dick's Sporting Goods (NYSE: DKS - News): 'Reported a monster good quarter. ... I think that stock is going to 60.'DaVita (NYSE: DVA - News): 'Everybody keeps thinking it has this Medicaid problem. ... DVA should be purchased. I'm reiterating buy.'MGM Mirage (NYSE: MGM - News): 'Inexpensive casino stock.'Las Vegas Sands (NYSE: LVS - News)Silver Wheaton (NYSE: SLW - News)Yamana Gold (NYSE: AUY - News): 'I am going to recommend ... Yamana Gold.'
Bearish calls:
Trina Solar (NYSE: TSL - News): 'Swap out of Trini Lopez Solar, and I want you to go First Solar.'Pre-Paid Legal Services (NYSE: PPD - News): ' I don't think you can buy this stock or sell it, because of its odd trading pattern.'
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Labels: AUY, DKS, DVA, ING, Jim Cramer, Lightning Round, LVS, Mad Money, MGM, PPD, SLW, TSL

Bullish calls:
First Solar (NasdaqGM: FSLR): 'I want you to go First Solar.'ING (NYSE: ING - News): 'It is a premier bank, but it did miss the quarter. Below 40, you have a nice yield.'Apple (NasdaqGS: AAPL)Staples (NasdaqGS: SPLS): 'Flat-lining ... but all is well, there's nothing wrong, business is .'Dick's Sporting Goods (NYSE: DKS - News): 'Reported a monster good quarter. ... I think that stock is going to 60.'DaVita (NYSE: DVA - News): 'Everybody keeps thinking it has this Medicaid problem. ... DVA should be purchased. I'm reiterating buy.'MGM Mirage (NYSE: MGM - News): 'Inexpensive casino stock.'Las Vegas Sands (NYSE: LVS - News)Silver Wheaton (NYSE: SLW - News)Yamana Gold (NYSE: AUY - News): 'I am going to recommend ... Yamana Gold.'
Bearish calls:
Trina Solar (NYSE: TSL - News): 'Swap out of Trini Lopez Solar, and I want you to go First Solar.'Pre-Paid Legal Services (NYSE: PPD - News): ' I don't think you can buy this stock or sell it, because of its odd trading pattern.'
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Labels: AUY, DKS, DVA, ING, Jim Cramer, LVS, Mad Money, MGM, PPD, SLW, TSL

HSBC (NYSE: HBC - News), JP Morgan (NYSE: JPM - News), Bank of America (NYSE: BAC - News), ING (NYSE: ING - News), New Century (NYSE: NEW - News), Accredited Home Lenders (NasdaqGS: LEND), Countrywide (NYSE: CFC - News)
There is a British Invasion of Banks as HSBC moves in and takes business from BAC, JPM and causes concerns about the mortgage market. Cramer contrasted the strategies of ING, which has the "best, most sophisticated online approach" with HSBC which "is trying to buy your business by being the lender of last resort." Cramer adds that HSBC made a big mistake in not buying another major American bank. In addition, there are worries about NEW's 25% yield and that LEND is going to have more defaults than expected. However, Cramer says CFC is "right" but would wait until a bottom in the sector before buying.
J.C. Penney (NYSE: JCP - News), Saks (NYSE: SKS - News), Federated Department Stores (NYSE: FD - News), Nordstrom (NYSE: JWN - News) and Ralph Lauren (NYSE: RL - News)
Cramer says that "the winners keep winning" in retail, except for JCP. He adds that SKS had a "monster month," FD is recovering, and JCP has "a lot of things going for it." Meanwhile, high-end retailers JWN, SKS and RL are "on fire." Although there is a large short position on RL, Cramer says its brands are fantastic, it has great accelerated revenue growth and it is a major momentum stock for 2007.
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Labels: BAC, CFC, FD, HBC, ING, JCP, Jim Cramer, JPM, JWN, LEND, NEW, RL, SKS, Wall Street Confidential