Jim Cramer's Mad Money Stock Recap Oct. 16th
Align Technology (ALGN): Cramer began his show with a review of a stock that fits into his opinion that vanity plays are good investments. Align makes Invisalign invisible braces. Cramer thinks that the stock will continue to grow, and that it could go up to $38 if his analysis is correct.
Jim then went to the phonelines. The first caller asked about Intuitive Surgical (ISRG), and Cramer said that he would "buy it with abandon" if the stock pulls back. The second caller asked about the laser group LCA Vision (LCAV), and Cramer said that he thinks they are too risky, and that he doesn't trust LCAV at all. Third caller asked about NutriSystem (NTRI), and Cramer said that Herbalife (HLF) is the best stock in that sector.
LKQ (LKQX). Cramer thinks that the stock is a buy because it is the number one supplier in the auto parts market, and he likes that it has a secondary offering, but the stock continued to go up over the offering price. Cramer said this is one of the best tells that he looks for when investing.
After the lightning round Cramer talked about the fact that there is a large market for people with hearing loss, and he thinks that Sonic Innovations (SNCI) is in a position to profit. Cramer thinks that there is some risk when investing in this small company, but he thinks that the stock could go up to $13.
Masimo (MASI) CEO Joe Kiani was on the show. Cramer likes the stock because he thinks it can't be hurt by a lagging economy. Cramer said that this is the type of stock that is not affected by a slowing economy.
Sudden Death: The first caller asked about Home Depot (HD), and Cramer said that he likes Lowe's (LOW) better. The next caller asked about Companhia Vale do Rio Doce (RIO), and Cramer said he likes the stock. The next caller asked about Steve Madden (SHOO), and Cramer said that Phillips-Van Heusen (PVH) is a better stock to own. The last caller asked about Nuance Communications (NUAN), and Cramer said no to the stock.
Jim then went to the phonelines. The first caller asked about Intuitive Surgical (ISRG), and Cramer said that he would "buy it with abandon" if the stock pulls back. The second caller asked about the laser group LCA Vision (LCAV), and Cramer said that he thinks they are too risky, and that he doesn't trust LCAV at all. Third caller asked about NutriSystem (NTRI), and Cramer said that Herbalife (HLF) is the best stock in that sector.
LKQ (LKQX). Cramer thinks that the stock is a buy because it is the number one supplier in the auto parts market, and he likes that it has a secondary offering, but the stock continued to go up over the offering price. Cramer said this is one of the best tells that he looks for when investing.
After the lightning round Cramer talked about the fact that there is a large market for people with hearing loss, and he thinks that Sonic Innovations (SNCI) is in a position to profit. Cramer thinks that there is some risk when investing in this small company, but he thinks that the stock could go up to $13.
Masimo (MASI) CEO Joe Kiani was on the show. Cramer likes the stock because he thinks it can't be hurt by a lagging economy. Cramer said that this is the type of stock that is not affected by a slowing economy.
Sudden Death: The first caller asked about Home Depot (HD), and Cramer said that he likes Lowe's (LOW) better. The next caller asked about Companhia Vale do Rio Doce (RIO), and Cramer said he likes the stock. The next caller asked about Steve Madden (SHOO), and Cramer said that Phillips-Van Heusen (PVH) is a better stock to own. The last caller asked about Nuance Communications (NUAN), and Cramer said no to the stock.
Labels: ALGN, HLF, ISRG, Jim Cramer, LCAV, LKQX, Mad Money, Mad MOney Recap
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