Jim Cramer Blog

Cramer started off Monday's show by recommending a stock that he thinks is inexpensive relative to its earnings and growth. The stock is Google (GOOG), which reported huge earnings on Thursday, and Cramer thinks it is cheap because the drop in the market on Friday kept investors from pricing the growth into the stock.
Cramer then went to the phonelines. The first caller asked about Celgene (CELG), and Cramer said to back up the truck since it's down 6 points. The next caller asked about SINA (SINA), and Cramer said that Baidu.com (BIDU) and Focus Media (FMCN) were better China plays.
Apple (AAPL): Next Cramer said Apple is cheap after the earnings they reported today, but the cheap stock that he really likes is Intuitive Surgical (ISRG). Cramer thinks that this stock is even cheaper than Google, and it also did well on Friday due to strong earnings. He thinks they will continue to grow, and that earnings will stay strong as they sell replacement parts for their surgical instruments.
After the lightning round, Cramer went over another stock that he thinks will benefit from another trend he found in the book "Microtrends." Also skin cancer has been increasing rapidly, and Schering-Plough (SGP) owns Coppertone, making it the best play on this trend. SGP's CEO was on the show to talk about the most recent earnings report and the future prospects of the company.
Cramer then did a segment on Seaspan (SSW), a container shipper. He discussed the company with the CEO, and then said that he thinks the dry bulk shipping stocks are best, but this is a good container shipper.
Sudden Death. The first caller asked about Unit (UNT), which Cramer doesn't like because it's a domestic oil driller. The next caller asked about Cypress Semiconductor (CY), which Cramer likes because it has SunPower (SPWR) as a subsidiary. The last caller asked about MedcoHealth (MHS), which Cramer gives two thumbs up.

Labels: AAPL, CELG, CY, GOOG, ISRG, Jim Cramer, Mad Money, Mad MOney Recap, MHS, SGP, SINA, SPWR, SSW

Bullish Calls:

Under Armour (NYSE: UA - News): 'I know the stock is up a lot ... but you know what? I am sticking by it.'Crocs (NasdaqGS: CROX - News)Texas Instruments (NYSE: TXN - News): 'I'd rather see you in Texas.'Analog Devices (NYSE: ADI - News)Intel (NasdaqGS: INTC - News): ' ... and more important, I would rather see you in Intel.'Consolidated Edison (NYSE: ED - News)Deere (NYSE: DE - News)Agrium (NYSE: AGU - News)Monsanto (NYSE: MON - News)Seaspan (NYSE: SSW - News)Eagle Bulk Shipping (NasdaqGS: EGLE - News)General Maritime (NYSE: GMR - News)Integrys Energy (NYSE: TEG - News): 'High-quality electricity and natural gas distributor with a 5% yield ... That one I particularly like.'NYSE Euronext (NYSE: NYX - News): 'The estimates are too low. The volume's been great. ... That's why I like the New York Stock Exhange.'Air Products & Chemical (NYSE: APD - News)
Bearish calls:
Atmel (NasdaqGS: ATML - News)Hansen Natural (NasdaqGS: HANS - News): 'I have to give it a Don'tBuy, because I can't figure out why it was up today.'Terra Nitrogen (NYSE: TNH - News): 'I'd rather see you in Deere or Agrium or don't forget Monsanto. Those are better.'American Electric (NYSE: AEP - News): 'I think it's a well-run company, but I've got ConEd.'Akamai (NasdaqGS: AKAM - News)GrafTech (NYSE: GTI - News): ' ... At $14, it's too high for me. I'm going to tell you not to buy it.'

Published By SeekingAlpha

Labels: ADI, AGU, APD, CROX, DE, ED, EGLE, GMR, GTI, INTC, Jim Cramer, Lightning Round, Mad Money, MON, NYX, SSW, TEG, TXN, UA

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Bear Stearns Companies Aug 155 Calls (NYSE:BSC - News). BSC's PowerRating is 5.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Google Inc. Sep 490 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Aug 230 Calls (NasdaqGS:BIDU - News). BIDU's PowerRating is 8.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Southern Copper Corp. Sep 100 Puts (NYSE:PCU - News). PCU' PowerRating is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Seaspan Corp. (NYSE:SSW - News). SSW's PowerRating is 4.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
SPDR S&P Homebuilders (AMEX:XHB - News). XHB's PowerRating is 4.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Pfizer Inc. (NYSE:PFE - News). PFE's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: BIDU, BSC, GOOG, PCU, pfe, SSW, stock options, XHB

Cramer's Little Red Book: Cnooc Ltd. ADS (NYSE: CEO), China Mobile Ltd. (NYSE: CHL), Seaspan Corp. (NYSE: SSW)
Cramer says he is being dragged "kicking and screaming" to devote a program to Chinese stocks, adding he doesn't like the overheated market and the Communist Chinese government. He considers CEO, CHL, and SSW as relatively stable stocks, but he would wait for a pullback before buying. CEO is the top offshore drilling company in China and 67% is owned by the government which means some "anti-competitive advantages," says Cramer. In addition the company has rights to 51% of all successful discoveries in offshore China, is expected to grow 30% by 2008-09, and is one of the few oil companies which is replacing reserves faster than it pumps them. CHL has 68% of all Chinese mobile subscriptions in China, and wireless is expected to double in five years. Even if China Telecom enters the wireless game, Cramer predicts it will buy CHL. Finally, SSW is the largest company in the ship leasing industry, and Cramer thinks its 6% yield could go higher.
Much ado about Baidu.com (NasdaqGM: BIDU), Focus Media (NasdaqGM: FMCN)
Cramer's first speculative Chinese play is FMCN which makes digital billboards and, "has momentum and consistently raises numbers." Cramer commented "Baidu is the only company in the world that is beating Google at it game." The stock has had a "huge run" but is still undervalued. Cramer would wait for both of these stocks to come down before buying.
Published By SeekingAlpha

Labels: BIDU, CEO, CHL, FMCN, Jim Cramer, Mad Money, SSW

1. General Maritime (GMR)
Yield: 12%. The provider of seaborne oil transportation services was just 6% off a 52-week high. Earnings grew 321% and 97% in the past two quarters. It recently entered into time agreements for three of its tankers. Composite Rating: 95*

2. Southern Copper (PCU)
Yield: 9.6%. The Arizona-based copper producer continued to head higher after a rebound from its 10-week moving average. Earnings and sales growth has accelerated for four straight quarters. The stock owns the best Fundamental Rating in the 60-member Metal Ores group. Composite Rating: 99

3. Seaspan (SSW)
Yield: 6.6%. The China-based firm owns containerships and deploys a fleet of vessels for time charters. Analysts expect full-year 2007 profit to grow 22% this year, the estimate was recently revised higher. Composite Rating: 93

4. Aluminum Corp. of China (ACH)
Yield: 5%. China’s biggest aluminum producer is pulling back to its 50-day moving average on light volume. Earnings and sales growth has turned higher in recent quarters. Composite Rating: 98

5. Valero GP Holdings (VEH)
Yield: 4.7%. The Texas based provider of oil transportation and storage services delivered a 200% surge in profit in its latest reported quarter. Last month, Citigroup upgraded the stock to buy from hold. Composite Rating: 95

6. Sinclair Broadcast Group (SBGI)
Yield: 3.9%. Earlier this month, the television broadcaster revised its 2007 retransmission revenue estimate after it reached an agreement with Comcast allowing the cable company to carry Sinclair’s stations. Financial terms of the deal were not disclosed. Composite Rating: 96

7. Mechel OAO (MTL)
Yield: 3.8%. The Russian maker of steel products said it would acquire a majority stake in Southern Kuzbass Power Plant for $265.5 million. Full-year 2007 profit is expected to grow 24%, the estimate was recently revised higher. Composite Rating: 99

8. Partner Communications (PTNR)
Yield: 3.7%. The provider of wireless communications products continued to recover from a pullback to its 50-day line. Earnings growth has been in triple-digit territory for two quarters. Sales growth has been rising. Composite Rating: 99

9. Tupperware Brands (TUP)
Yield: 3.6%. Matrix Research upgraded the food container maker to buy from hold. Revenue growth has ranged from 30% to 46% in the past four quarters, up from the single-digit territory throughout 2004 and 2005. The stock was perched near a 52-week high. Composite Rating: 87

10. Philippine Long Distance Telephone (PHI)
Yield: 3.2%. Mutual fund ownership of the Filipino telecommunications services company has increased to 60 funds from 39 three quarters ago. It owns three-year earnings growth rate of 138%. Composite Rating: 98

*The IBD SmartSelect Composite Rating combines all five SmartSelect Ratings. Of the five, the Earnings Per Share Rating and Relative Price Strength Rating get the most weight; stocks’ percentage off their high price is also considered. Ratings are from 1-99, with 99 being the best.

Labels: ACH, Dividends, GMR, Hot Stocks, MTL, PCU, PHI, PTNR, SBGI, SSW, TUP, VEH