Jim Cramer Blog

On Friday, Cramer interviewed Mitt Romney, Republican candidate for president in 2008. They talked about his business background, his plans for the country, and his campaign.
"Speculation Friday" Cramer talked about a stock that he has been bearish on since he began the show. The stock is Skechers USA (SKX), which he thinks is poised for a turnaround since it beat earnings this week with strong revenue growth and international growth. If the company can expand its margins as the CEO promised, Cramer thinks this can be a $31 stock.
Cramer then went to the phone lines. The first caller asked about Nike (NKE) and their acquisition of Umbro, which Cramer likes and wishes he hadn't sold. The next caller asked about Heelys (HLYS), and Cramer said to stay away.
Before the Lightning Round Cramer did some housecleaning. First he said that he likes Starent Networks (STAR) again, since the price has dropped down to where he first recommended it. Next he said that Synta Pharmaceutical (SNTA) is risky, but Cramer likes it a speculative play. He also said that he likes Celgene (CELG) better.
Cramer's Game Plan for next week. Since the Fed is meeting next week, Cramer focused his plan on ways to profit from the results of the meeting. He thinks we will get a half point rate cut on Wednesday. His first suggestion is Annaly (NLY) since Cramer thinks they saw the mortgage crisis coming, and were prepared to profit from it. The next stock is FMC Technologies (FTI) since it helps oil companies find more oil, and it reports earnings on Tuesday. The next stock to buy is Transocean (RIG) since it is not affected by the poor US oil drilling market, and its merger with GlobalSantaFe (GSF) will close in about a month.
Cramer said that you should buy half your position in these stocks on Monday, and then buy the rest after the Fed announcement, since there is a chance that the Fed won't cut rates and that the market goes down because of it.
Wynn Resorts (WYNN) and Las Vegas Sands (LVS). Finally, Cramer answered an email that asked about these stocks. Cramer thinks that they are both well run companies.

Labels: CELG, HLYS, Jim Cramer, Mad Money, Mad MOney Recap, NKE, SKX, SNTA, STAR

Today's show started with Cramer putting on a straitjacket because the market is driving him crazy with all the wild swings going on in the major indexes. Psychiatric Solutions (PSYS) was his first recommendation of the day. It is the largest mental health service provider in the US. Cramer thinks that this stock is safe from all the problems in the market, and that it has a solid base and potential for growth. He is bullish on the stock and thinks that it could be worth up to $60.
Cramer then took some phone calls. The first caller asked for some good diabetes plays, and Cramer gave her Nastech Pharmaceutical (NSTK) and Novo Nordisk (NVO). The next caller asked about Synta Pharmaceuticals (SNTA), and Cramer said he needs to do his homework on it.
Cramer's most recent pick from "Microtrends" was Gamestop (GME) because the book says that the average video game player is now 33 years old, meaning that gamers have more money to spend on games and consoles since they are adults. Cramer also likes that the company has expanded outside the US. The stock has pulled back recently, so Cramer thinks the stock is a buy now, and that it could go up to $57.
"Sell Block." Cramer started by stating that Align Technology (ALGN) was one of his worst calls of the year since they guided earnings lower after this quarter. The next stock is Hansen Medical (HNSN), and recommends you sell so you can lock in a quick $11 gain since he recommended it, plus Intuitive Surgical (ISRG) is selling its share of the company. He also asked people to sell Lululemon (LULU) and Research in Motion (RIMM).
Cramer's final trade was Celgene (CELG), and he had the COO of the company on the show to talk about the upcoming prospects for the company's products. It is down, but Cramer still likes it.
he then talked about Intuitive Surgical (ISRG) and had CEO Lonnie Smith on the phone. They talked about the company's main product, the da Vinci surgical machine. Cramer thinks the stock is going much higher.
Sudden Death. Denbury Resources (DNR), which Cramer is bullish on. The next stock was Charming Shoppes (CHRS), which Cramer is bearish on. The next stock was LifeCell (LIFC), which Cramer likes. The next stock was Quintana Maritime (QMAR), which Cramer likes, along with Diana Shipping (DSX). The last stock was Delta Air (DAL), and Cramer said that he likes United (UAUA) better.

Labels: BBY. RIMM, CELG, CHRS, DNR, GME, ISRG, Jim Cramer, LIFC, LULU, Mad Money, Mad MOney Recap, NSTK, NVO, PSYS, SNTA

Symbol
Name
Last Trade
Change
Volume
Related Info
INO
INOVIO BIOMED CORP
2.20 12:45PM ET
1.23 (35.86%)
759,800

TELK
TELIK INC
3.22 12:48PM ET
1.37 (29.85%)
10,828,296

OPWV
OPENWAVE SYS
8.63 12:49PM ET
1.74 (16.78%)
11,857,129

NASI
NORTH AMERN SCI
1.26 12:50PM ET
0.24 (16.00%)
250,001

TCHCZ
21ST CENTURY HLDG WT
2.52 11:34AM ET
0.44 (14.86%)
1,156

BNVI
BIONOVO INC
4.36 12:50PM ET
0.69 (13.66%)
384,556

TES
AMERICAN TELECOM SVC
2.20 11:12AM ET
0.30 (12.00%)
4,300

GPCB
GPC BIOTECH AG
28.90 12:39PM ET
3.91 (11.92%)
63,302
CACH
CACHE INC
14.57 12:50PM ET
1.67 (10.28%)
1,208,847

VRYA
VIRYANET LTD
2.7600 12:24PM ET
0.3100 (10.10%)
23,900

SNTA
SYNTA PHARMACEUTICAL
9.12 12:48PM ET
1.03 (10.15%)
108,891
HMB
HOMEBANC CORP
1.77 12:43PM ET
0.18 (9.23%)
139,000

TWER
TOWERSTREAM CORP
6.00 12:47PM ET
0.64 (9.64%)
94,879

FCAL
FIRST CALIFORNIA FIN
13.00 Jun 4
0.00 (0.00%)
0

BSM
BSD MEDICAL CORP
7.74 12:40PM ET
0.76 (8.94%)
118,600
MYS
MASISA SA (NEW) ADS
13.46 12:38PM ET
1.19 (8.12%)
19,000

AEN
AUSTRAL PACIFIC ENE
1.00 12:44PM ET
0.09 (8.26%)
51,900

HWG
HALLWOOD GROUP INC
83.90 10:24AM ET
7.42 (8.13%)
400
PLX
PROTALIX BIOTHERAPEU
23.20 12:43PM ET
1.98 (7.86%)
2,000
AMWD
AMER WOODMARK CP
35.00 12:50PM ET
2.92 (7.70%)
823,210

Labels: AEN, AMWD, BNVI, BSM, CACH, FCAL, GPCB, HMB, HWG, INO, MYS, NASI, OPWV, PLX, SNTA, TCHCZ, TELK, TES, TWER, VRYA