Jim Cramer Blog

Google (GOOG): Today's show started with Cramer talking about Google. He talked about all the Google non-believers, and then talked about the reasons that he thinks the stock will keep going higher. He has set his price target at $750, and believes it's not too late to get into the stock right now. He thinks it is a great company and has been undervalued every day "of it's existence." He told viewers that if they're afraid to buy such an expensive stock, divide it by 10 and think of it in that sense. Buy Buy Buy!
Next Cramer listed medical device makers that he likes by building a theoretical bionic woman. The first stock he listed was Alcon (ACL) which makes eye care products. He also recommended Smith and Nephew (SNN) and Stryker (SYK). His favorite one is Stryker, which he thinks could give you a 36% gain. Stryker has some litigation pending, but once that is settled he thinks the stock will take off. He also believes that the stock will do well if the economy slows. A caller asked about BioScrip (BIOS), and Cramer said that BIOS is an interesting takeover play with solid fundamentals.
"Are You Diversified?"
The first caller asked about his core of Google (GOOG), eBay (EBAY), Wachovia (WB), Nastech (NSTK) and Southwest (LUV). Cramer said he prefers United (UAUA). He said eBay overlaps with Google. He recommended selling eBay and buying a defensive stock.
A second caller's portfolio included Wells Fargo (WFC), Lockheed Martin (LMT), Texas Instruments (TXN), Exxon-Mobil (XOM) and Dover (DOV). "Hallelujah," Cramer said. There is a picture of this caller in the dictionary next to the entry for "diversification."
He also said "hallelujah" to the third callers portfolio which included Wachovia (WB), Research in Motion (RIMM), Schlumberger (SLB), Lockheed and Lundin Mining (LMC).
BioMarin Pharmaceutical (BMRN) CEO was on the show. Cramer discussed the prospects of an upcoming drug from BioMarin and said that he is bullish on the stock.
Finally, Cramer came back and said that he was wrong about Downey Financial (DSL), which was down big today.

Labels: ACL, BIOS, BMRN, GOOG, Jim Cramer, LUV, Mad Money, Mad MOney Recap, NSTK, SNN, SYK, WFC

Bullish:

Tata Motors (NYSE: TTM): ' This one's going back to its high. India has been the swing factor.'Ciena (NasdaqGS: CIEN)Corning (NYSE: GLW)Stryker (NYSE: SYK): 'Stryker is fabulous! Orthopedic implants'Zimmer (NYSE: ZMH)'Let's not forget though... As good as SYK is, you know what's even better? Zimmer! What a quarter from the Zim machine!... As of yesterday, up $3. That's okay.'Goldman Sachs (NYSE: GS): 'If you want to own an investment firm, I'm going to send you to the one that sells at 10x earnings, which has been a continual theme on this show that I have been dead right on... I am talking about Goldman Sachs and I think GS is going to $325.'FuelCell Energy (NasdaqGM: FCEL): 'Okay, this is what I call an 'optionality play'... If oil spikes this weekend - up $5, or spikes... - your $7 stock will go up 3-4 points. I am not going to bless this stock as an investment. I will bless it as a speculative play - buy, buy, buy!'Yamana Gold (NYSE: AUY): 'AUY grows and grows and grows! And we want growth from a gold stock. We are not getting off the AUY horse!'Kinross Gold (NYSE: KGC)
Bearish calls:
JDS Uniphase (NasdaqGS: JDSU): 'I remain skeptical, because I have been burned so many times by this company, but I have to be honest, it does act well. I'm keeping it in the 'don't buy' but I can't blame anyone who wants to speculate...'DreamWorks (NYSE: DWA): 'I missed it! I missed it! It bottomed and I missed it, and I am angry at myself for missing it, but I can't recommend it up here. It's had too big a move. Don't buy, don't buy.'U.S. Global Investors (NasdaqCM: GROW): 'No. This is an investment advisory firm. C'mon man. Don't buy, don't buy. 'Quiksilver (NYSE: ZQK): 'Everyone tells me that they're bottomed... I went out the other day and said I was negative on it. I didn't like the acquisition they made. People have been telling me that I'm dead wrong about that... That stock is a house of pain, and I'm staying away from it!'Micron Technology (NYSE: MU): 'Let me tell you something, that's a loser! ' (buzzer sounds)

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Labels: AUY, CIEN, DWA, FCEL, GLW, GS, JDSU, Jim Cramer, KGC, Lightning Round, Mad Money, MU, SYK, TTM, ZMH, ZQK

Bullish calls:
Goldman Sachs (NYSE: GS - News): 'I am going to send you to the lowest multiple stock in the group, which also happens to be the best. I am going to send you, once again, to GS.'Adobe Systems (NASDAQ: ADBE - News): 'I recommended ADBE right here at $40. It's been stalled. That's ADBE's fault, not mine. The stock is about to ramp. It's one of the few tech stocks that is still below where it reported its quarter. I'm giving it two thumbs up, way up.'DivX (NASDAQ: DIVX - News): 'Yesterday, it hit $21. Is that right? Frankly, it's not going to be the gold standard. I think this... If it goes back to $21, (pull the trigger to buy it...), but only if it goes back to $21.'Stryker (NYSE: SYK - News): 'This whole group is en fuego ... SYK is ... the sweet spot for this particular market, because they are going to be able to keep raising prices... This is the baby boomers play for bones.'Coldwater Creek (NASDAQ: CWTR - News): 'Stuck at $24 until we see the quarter. I like that. It feels coiled spring to me.'
Bearish calls:
TD Ameritrade (NASDAQ: AMTD - News): 'It does seem like a coiled spring, doesn't it? ... even though I like AMTD - ... I am going to send you to GS.'Yahoo! (NASDAQ: YHOO - News): 'You know what? There's no buyout. As a matter of fact, I would sell it before Sue Decker opens her mouth and pre-announces to the downside once again.'Valero Energy (NYSE: VLO - News): 'My take: The stock could go as low as $47. Only then would I sanction (sound effect: pulling the trigger - a buy). 'Rentech (AMEX: RTK - News): 'When the Saudis, and the rest of the OPEC-kers decided to get together, and keep oil all the way down, under $60, what happened is the (buzzer sounds) - RTK is an alternative energy play ... If oil goes to $50, RTK goes to $2.'Allscripts Healthcare Solutions (NASDAQ: MDRX - News): 'We liked the stock at $14. At $27, it's all Johnny come lately. I say no can do. Let's make some sales.'Alcatel Lucent (NYSE: ALU - News): 'I'm pre-disposed to be a bear, because the management there - Patricia Russo from Lucent - really hurt me. But, you know what? I am hearing the quarter's good. I am hearing that the business is coming back, so I'm giving it a tepid one thumb up, taking it out of the sell, sell, sell category and landing it into the don't buy, don't buy.'
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Labels: ADBE, ALU, AMTD, CWTR, DIVX, GS, Jim Cramer, Lightning Round, Mad Money, MDRX, RTK, SYK, VLO, YHOO