Jim Cramer Blog

Abbott Labs (ABT): Cramer likes this stock because it has great drugs and diagnostics. He also recommended Baxter (BAX), Bard (BCR), and Becton Dickinson (BDX).
Infinera (INFN): Cramer doesn't want to be in this stock because he doesn't like the optical sector.
Southern Copper (PCU): Cramer is bullish on this stock, but he thinks Freeport McMoran (FCX) is better since it's cheap and he thinks it will be taken over soon.
Nordstroms (JWN): Cramer thinks this stock should go up to $36, so he would buy the stock here.
E*Trade (ETFC): Cramer thinks you will get hurt if you try to invest in this stock. He is bearish.
Anthracite Capital (AHR): This is a residential REIT, so Cramer is bearish. He recommended the caller buy Annaly Capital (NLY) instead.
Anadarko Petroleum (APC): Cramer thinks this stock is terrific, along with Apache (APA), Devon (DVN), and XTO (XTO).
Trane (TT): Cramer said he has been looking at this stock and was actually going to recommend it later tonight, but he has second thoughts about it because of its residential construction exposure. He still thinks it is a well run company.
Northern Trust (NTRS): Cramer thinks this and State Street (STT) are the best run financial institutions in the country, so he wants to recommend both of them.

Labels: ABT, AHR, APA, APC, BAX, DVN, ETFC, FCX, INFN, Jim Cramer, JWN, Lightning Round, Mad Money, NLY, PCU, STT, TT NTRS, XTO

Bullish
Vodafone (VOD),
Annaly Capital Management (NLY), thinks that interest rates will be cut tomorrow, and this company will benefit.
Perry Ellis International (PERY),
NexCen Brands (NEXC), would rather recommend it on Friday.
Phillips-Van Heusen (PVH),
Synchronoss Technologies (SNCR), Cramer is bullish
ValueClick (VCLK), Cramer thinks it is valuable to many large internet companies, and that it will be bought out by the end of the year, so he is bullish.
Apple (AAPL), Google (GOOG), Research In Motion (RIMM)- Bullish on all three.
Furmanite Corporation (FRM), bullish on this infrastructure play.
Foster Wheeler (FWLT),
Altria (MO)
Colgate-Palmolive (CL).

Bearish
J2 Global Communications (JCOM)- "Don't Buy."
3SBio (SSRX), Cramer is sticking to his Four Horsemen of China
Vimpel-Communications (VIP), stay away from this stock.
E-House (China) Holdings (EJ), China is too hot to speculate in this stock.
ConAgra Foods (CAG), Cramer can't recommend this stock.
Synaptics (SYNA)- Cramer doesn't want to touch this stock.
Procter & Gamble (PG)- would rather have you in Colgate (CL).

Labels: AAPL, CNBC, FRM, GOOG, Lightning Round, Mad Money Lightning Round, NEXC, NLY, PERY, PVH, RIMM, SNCR, VCLK, VOD

Barrick Gold (ABX), Cramer: "the best gold stock to buy right now." Gold is breaking out because of the weak dollar, lower short-term rates and worries about inflation. Cramer prefers Barrick over other gold companies, because they have a lot of gold reserves and are "totally prepared for higher gold prices." The next call was about Freeport McMoran (FCX). Cramer thinks it will keep going up to $120.
Overlooked IPO's:
AthenaHealth (ATH). Cramer likes its subscription revenue and growth prospects. Athenahealth has 42% growth. He then took some more phone calls.
A caller asked about LDK Solar (LDK); Cramer doesn't like because he thinks there is a big sell off in China stocks coming. He also likes First Solar (FSLR) better.
Another caller asked about Blackstone (BX). Cramer thinks the stock has bottomed out and that there is a short term trading opportunity here.
Am I diversified?
First caller named the following five stocks: SAP (SAP), Annaly Capital Management (NLY), Nvidia (NVDA), BEA Systems (BEAS) and Honeywell (HON). Cramer said too many tech stocks. He said to keep BEA and consider buying a health care stock.
Second caller had Apple (AAPL), Trimble (TRMB), Xoma (XOMA), Freeport-McMoRan (FCX) and Goldman Sachs (GS). He suggested selling Trimble and, again, picking up a health care cost-container like Hologic.
The last player's five picks: Monsanto (MON), PepsiCo (PEP) Research In Motion (RIMM), U.S. Steel (X) and Exxon Mobil (XOM). Cramer blessed the portfolio as diversified.
Mad Mail: Responding to an email, Cramer called Walgreen (WAG) "still too expensive," and said he likes the cheaper CVS (CVS), which he owns for his charitable trust, better. He said, "Stay away from Walgreen."
Sudden Death: Cramer was bullish on Flotek Industries (FTK), Celgene (CELG) and Crocs (CROX).

Labels: AAPL, ABX, ATH, BX, FCX, FSLR, Jim Cramer, LDK, Mad Money, Mad MOney Recap, NLY, SAP

Labels: ACTU, BEAS, BIDU, DISCA, FCSX, Jim Cramer, Lightning Round, Mad Money, MOT, NLY, NOK, RSH, WB, WNG

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

Analy (NYSE: NLY - News): Cramer was pleased with Analy's move to establish another company to invest in mortgage loans and other assets. While the remainder of the sector is falling apart, Chimera Investment affiliate filed for an IPO, and will benefit from having "money in the bank" Mike Ferrell at the helm, said Cramer. The instability of the industry will be good for Chimera as it seeks undervalued assets.

Labels: Jim Cramer's Stop Trading, NLY

Countrywide Financial (NYSE: CFC - News) and Annaly Mortgage (NYSE: NLY - News): Cramer urged investors against selling CFC because he thinks the company will survive the credit crunch. He would not buy the common stock and would purchase calls instead. Cramer is against shorting NLY, since CEO Mike Farrell is "money in the bank."

Labels: CFC, Jim Cramer, NLY, Stop Trading

Home is Where the Debt Is: Centex (NYSE: CTX - News), Lennar (NYSE: LEN - News), Beazer (NYSE: BZH - News), KB Home (NYSE: KBH - News), Countrywide Financial (NYSE: CFC - News), Annaly Capital Management (NYSE: NLY - News)
It isn't just about sub-prime anymore; "All mortgages that were written between 2005 and 2007 I think are corrupted," said Cramer. He came to this conclusion after reading conference calls of CTX, LEN BZH and KBH. However, he zeroed in on two conference calls which are required reading: CFC's and NLY's. In CFC's "long and tedious" call is the implication there is no such thing as sub-prime because all mortgages are bad due to piggybacking equity loans and rising rates. CEO Angelo Mozilo said he doesn't predict a recovery until 2009. NLY's CEO, Michael Farrell, made "some incredible allusions to Moscow and Napoleon." While the situation is bad, Cramer says it is not as dire as it was in 1990 and 1991 when "almost every major money center bank was insolvent, and most of the big regionals either went under or were so impaired that they had to do shotgun marriages." After reading these calls, Cramer arrives at the grim conclusion that anyone involved with mortgages "could be wiped out in this
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Labels: BZH, CFC, CTX, Jim Cramer, KBH, LEN, NLY, Wall Street Confidential

ExxonMobil (NYSE: XOM - News): Cramer predicts XOM will fall from $86.70 to the low to mid $80s in the next few days. He would buy, since crude oil is at $77, and the stock will bounce back in spite of its lackluster quarter. Cramer commmented XOM should behave like an oil company and keep drilling instead of like a bank.
Annaly Capital Management (NYSE: NLY - News): Cramer says the REITs are "on fire" and would buy NLY because of CEO Mike Farrell; "This is his time. We've been waiting for it to be his time..."

Labels: Jim Cramer, Jim Cramer's Stop Trading, NLY, XOM

Annaly Capital Management, Inc. (NYSE: NLY - News)
The "tireless Cassandra" of the sub-prime crisis is now the "last man standing," said Cramer, praising Mike Farrell, CEO of NLY. Farrell commented on Mad Money that he saw the crisis on the horizon and pulled back from the residential mortgage business. As a result, NLY has survived where others have fallen. Concerning its $3 rise, Cramer said, "you ain't seen nothing yet" and predicted the stock would double. While NLY is involved in risk, it carries the more benign interest rate risk rather then the hazardous credit risk which has destroyed so many lenders. Since the media fails to make the distinction between the two kinds of risk, it has missed out on reporting on NLY's success, according to Cramer.

Paper Trail: Sappi (NYSE: SPP - News)
Cramer recommends Sappi as a way to play the antisubsidy and antidumping tariffs the U.S has imposed on glossy, coated paper from China. SPP has 10% global market share, and coated paper accounts for 70% of its sales. The company was hurt by the Chinese, but the new legislation should mean a short term increase for the stock, perhaps into the $20s. However, Cramer sees SPP as a trade rather than investment, because he ultimately believes the Chinese will win the paper war.Sell Block: Vonage (NYSE: VG - News), Johnson & Johnson (NYSE: JNJ - News), Friedman Billings Ramsey Group (NYSE: FBR - News)
Cramer has one more reason to hate Vonage; while at first glance it may seem to be a good thing that CEO Mike Snyder is leaving, he is being replaced by Jeffrey Citron, who in 2003 was banned from the securities industry and in Cramer's opinion, should not be a CEO of a publicly traded company. On the other hand, a company Cramer liked but has disappointed him is JNJ, over which he lamented "there are very few blue chips left." He is unhappy with the company's fundamentals, its "anemic" pipeline, the fact its big money maker, Risperdal, is going generic, and that its latest product launch has gone "pathetically." Cramer says FBR is "trying to turn lead into gold" and should be avoided; "It's got some really heinous sub-prime exposure," he adds.
CEO Interview: Marc Benioff, Salesforce.com (NYSE: CRM - News)
Marc Benioff said his company is "trying to recreate the software industry by delivering a set of Internet services that replace traditional enterprise software." He noted major contracts CRM has signed with Merrill Lynch, Dell and Cisco and commented his company was preferred over Oracle and Microsoft. When Cramer suggested other companies have achieved the same thing and failed, Marc Benioff replied that the openess to change the company's technology and business models would win CRM more high-profile clients. Cramer declared he was neutral on the stock and suggested viewers decide for themselves.
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Labels: CRM, FBR, Jim Cramer, JNJ, Mad Money, NLY, SPP, VG

Triple Deal for Triple Play? Charter Communications (NasdaqGM: CHTR), Comcast (NasdaqGS: CMCSA)
While Cramer recently doubted his sanity for having recommended CHTR, which hasn't budged since February, he heard some news that makes him bullish on CHTR once again. CMCSA announced plans to take over Insight Communications' assets in Indiana and Illinois for $4583 per subscriber, 12% higher than CHTR's rate of $4017. In addition, CMCSA made a deal with New Jersey based Patriot Media for $5,963 per subcriber. Cramer sees CHTR as a very attractive takeover target for Comcast, which is willing to pay a substantial fee for subscribers. Although CHTR has some debt, it is currently in a virtuous cycle of refinancing and is cheap. In addition, CHTR is based in fast-growing areas like Nevada and California and is a great triple play stock, comments Cramer.
All Cedant's Children: Wyndham Worldwide (NYSE: WYN - News)
Cramer notes that, after Cedant's breakup, its children are growing up "real fast", a total of 32% since the breakup. However, the ugly duckling seems to be WYN, which owns Ramada Hotels and timeshares and "is a great play on cheapskate baby boomers" who want fancy ski vacations but don't like to pay fancy prices. At $34.50, WYN is only $2 above where it was when Cedant spun it off, and Cramer sees more upside. He is not worried about its $2.9 billion debt, since it works like a bank, lending money at high interest rates. WYN is a takeover target, according to Cramer and is "way too cheap."
Makeover for Harsco (NYSE: HSC - News)
Cramer likes the way Harsco is reinventing itself and regrets referring to HSC as a manufacturing company. Instead, Cramer describes HSC as a "miniconglomerate of industrial services and products" and notes it is "taking the lead in industrial outsourcing." It is aggressively taking market share in mills and access services, businesses that "didn't exist ten years ago." Now the company is "beating the Chinese and everyone else as well." Cramer is bullish on HSC because it is "brilliantly creating a niche for itself."
Michael Farrell, Chairman and CEO of Annaly Capital Management (NYSE: NLY - News)
Michael Farrell explained why his company wasn't devastated by the subprime lending fiasco, and credits the company's thirty year experience in spotting trends; "I don't pretend to have a crystal ball ... but the bottom line is that it was unsustainable." Farrell said it is too early to pick up the pieces and the crisis, which has yet to reach the third inning, needs time to play itself out. "The flight to quality that's going to happen with triple-A assets is still there," Farrell continued, and stated the relative safety or danger will depend on the asset class. Cramer remarked that he regrets ever doubting the stock, and called NLY and Michael Farrell winners.
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Labels: CHTR, CMCSA, Hot Stocks, HSC, Jim Cramer, Mad Money, NLY, WYN

Bullish Calls:
Celgene (NasdaqGS: CELG): 'I would much rather see you in something like a CELG. You know that CELG is my favorite play.'Nastech Pharmaceutical (NasdaqGM: NSTK)Incyte (NasdaqGM: INCY): 'If you want speculation ... I am going to direct you to ... INCY.'Corning (NYSE: GLW - News)W.R. Grace (NYSE: GRA - News): 'It's up 108% year over year and you know what? It's not done going up. GRA - specialty chemicals, construction... all sorts of a pastiche... I always liked it before the asbestos problem. I still like it now.'Level 3 Communications (NasdaqGS: LVLT): 'Now, c'mon man. We've been up 100%. We're up just an unbelievable amount on this thing. It's already up this year about 10%. It's pulled back. I say it's time to strike! Let's buy some more LVLT.'Rite Aid (NYSE: RAD - News): 'Mary Sammons may be one of the finest execs in the world, but I am the only guy who champions her!'Manulife Financial (NYSE: MFC - News): ' ... is the repository for some of the best mutual funds... If were doing this show from Canada, this would be the best of breed of our great country.'MetLife (NYSE: MET - News)Prudential Financial (NYSE: PRU - News)Companhia Vale do Rio Doce (NYSE: RIO - News): 'Oh, we got behind this one... RIO, at $40 bucks is still a buy. Why? Because there is a benign oligopoly of companies that own nickel mines ... RIO is going much higher.'Halliburton (NYSE: HAL - News): 'HAL has got that gigunda buyback going on. ('mon-back sound). The stock is finally moving. The whole group is rolling ... It's not done going up. It's going to keep going up.'Six Flags (NYSE: SIX - News): ' I still think Mark Shapiro is best in show. I think a ticket to Six Flags has to come down... I do like the stock at $6.'Cummins (NYSE: CMI - News):Magellan Midstream (NYSE: MMP - News): 'Now, you've got a nice 5% yield, so you're not going to be in any danger of getting hit too badly ... But! How can you not schnitzel a little after that big gain. Take some of that profit out. Start playing with the house's money!'Corning (NYSE: GLW - News): 'I'd rather see you in GLW. I'm not kidding. GLW. I think it's got some the same end markets and a better play.'Quicksilver (NYSE: KWK - News): ' ... load the boat up! That's my favorite name now that XTO Energy has moved up and rose...'Annaly Capital (NYSE: NLY - News): 'Go into NLY for heaven's sake.'
Bearish calls:
ViroPharma (NasdaqGS: VPHM): ' I got hurt by this stock so bad, that I feel like I shouldn't really opine on it. It is not best of breed.'Opnext (NasdaqGS: OPXT): 'I got behind this one. It's bouncing nicely, but I've got to tell you, this decline was really awful.'Quiksilver (NYSE: ZQK - News): ' ... that's paid way too much for a bunch of snowboard names, outdoor equipment ... stay away from that one. If you need to be in that specialty apparel game, I am going to tell you, I am not your call ... it's too dangerous to me.'Best Buy (NYSE: BBY - News): 'Holy cow! Is there a day this stock doesn't go down after that great quarter? Retail has become very, very tough.'Taiwan Semiconductor (NYSE: TSM - News): 'It is not going to go down a lot, because it has a 3% yield, but I am not going to be tricked into recommending a tech stock. ... Don't buy, don't buy.'Paccar (NasdaqGS: PCAR): ' No, no, no. We're going to go with CMI, which just split. I like it much more.'Heelys (NasdaqGM: HLYS): 'No. C'mon. I mean, way overvalued. Sell, sell, sell! They've got to come up with something better than just an indoor thing.'HFF (NYSE: HF - News): 'No। Go into NLY for heaven's sake.'
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Labels: BBY, CMI, GLW, GRA, HAL, Jim Cramer, KWK, Lightning Round, Mad Money, MET, MFC, MMP, NLY, PRU, RAD, RIO, SIX, TSM, ZQK