Jim Cramer Blog

On Thursdays show, Cramer talked about the confusion in the markets, and how you should be looking to invest in companies that can control their own destiny and have strong customers. Cramer thinks that Quanta Services (PWR) is a stock that fits this profile. He said it is an infrastructure play, they have a large backlog, and they bought one of their major competitors in August, so they have less competition now. Cramer does not think this is the time to make a trade into this stock, but he thinks it will make money over the longer term.
After that Cramer went to the phonelines. The first caller asked if now is the time to buy transportation infrastructure stocks, and Cramer recommended Chicago Bridge and Iron (CBI), plus told the caller to watch for another pick later in the show. The next caller asked about Mueller Water (MWA), and Cramer said that he likes Tetra Tech (TTEK) instead because he thinks Mueller is poorly run. Third caller asked about Shaw Group (SGR) since it has dropped so much recently, and Cramer said that it is a strong company that is coining money, so you should stick with it.
Cramer's other big infrastructure recommendation, Aecom (ACM). He has a bullish position on the stock since the stock is off $9 from his 52 week high. Its biggest customer is the federal government so it knows it will get paid, and one of its biggest competitors was just bought out. Cramer has been promoting the stock for several months now, and the stock has gone up since his initial recommendation.
Sell Block: Cramer started off by talking about private equity, specifically Blackstone (BX) and Fortress (FIG). Cramer said he does not understand how these companies work, therefore doesn't want to invest in them. He's putting the entire sector in the Sell Block, including companies like Cerberus that are not public, but are considering an IPO.
The CEO of California Pizza Kitchen (CPKI) was on the show to talk about their growth plans and how they plan to contain their costs. Cramer said that although the restaurant business is difficult, the stock is near a 52 week low and it is a well run company. He wants you to do some homework and take a look at the stock.
Sudden Death: He was bearish on every stock mentioned. They were Coeur d'Alene Mines (CDE), Tata Motors (TTM), Build a Bear Workshop (BBW), Gerdau Ameristeel (GNA), and Hansen Medical (HNSN).

Labels: BBW, CBI, CDE, CPKI, GNA, Jim Cramer, Mad Money, Mad MOney Recap, MWA, PWR, SGR, TTEK, TTM

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Applied Materials (NasdaqGS:AMAT - News) beat earnings on Wednesday, announcing $0.32 EPS versus expectations of $0.29 EPS. AMAT's PowerRating (for Traders) is 4.
Longs Drug (NYSE:LDG - News) also beat expectations, with $0.51 EPS over a consensus of $0.44 EPS. LDG's PowerRating (for Traders) is 5.
Tetra Tech (NasdaqGS:TTEK - News) beat earnings on Wednesday afternoon with $0.241 EPS over $0.22 EPS. TTEK's PowerRating (for Traders) is 7.
JC Penney (NYSE:JCP - News) reports earnings on Thursday, with analysts looking for $1.01 EPS. JCP's PowerRating (for Traders) is 6.
Suntech Power (NYSE:STP - News) is looking to announce $0.28 EPS on Thursday morning before the market opens. STP's PowerRating (for Traders) is 7.
Analysts are watching for Tyco (NYSE:TYC - News) to report $0.55 EPS tomorrow morning. TYC's PowerRating (for Traders) is 5.
When Williams-Sonoma (NYSE:WSM - News) reports results on Thursday morning, with traders expecting $0.24 EPS. WSM's PowerRating (for Traders) is 3.

Labels: AMAT, Hot Stocks, JCP, LDG, STP, TTEK, TYC, WSM

Apple (NasdaqGS: AAPL - News): 'Let's buy it down. You want to have 200 shares of AAPL, you buy 50 tomorrow at the opening, and then you pray it comes down... until five days before the iPhone is shipped, and then you've got to skee-daddy out of that guy... 'Alcoa (NYSE: AA - News):' ... even though it has had a monster run, and we believe in the stock, I am sticking with AA here.'Sony (NYSE: SNE - News): 'House of pleasure. I think that SNE goes higher ... How many companies come out with a totally third-rate product, that nobody likes, and then goes up 25% because of it ... I think it goes to $53, and there I want to pull the trigger.'Pall (NYSE: PLL - News): ' ... if you really want to go with that filtration game - that you go with Pall.'Tetra Tech (NasdaqGS: TTEK - News): ' ... if you want clean water, they've got it.'NYSE Euronext (NYSE: NYX - News): 'The NYX is not going to go up until everybody sells it, and everybody gets short it, and all the analysts come around and admit that they're wrong about being negative... and then it's going to fly.'
Bearish calls:
Resources Connection (NasdaqGS: RECN - News): ' I would not buy this stock. Don't buy, don't buy.'Skechers USA (NYSE: SKX - News): ' ... they had an inventory problem earlier in the year ... I think that SKX is too dangerous.'Calgon Carbon (NYSE: CCC - News)Verasun Energy (NYSE: VSE - News): 'You're kidding me, right? ... That stock was just created by bankers in order to be able to take the money from you - sell, sell, sell! '
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Labels: AA, AAPL, CCC, Jim Cramer, Lightning Round, NYX, Pll, RECN, SKX, SNE, TTEK, VSE

Six More Dow Stocks: 3M (NYSE: MMM - News), General Motors (NYSE: GM - News), Hewlett-Packard (NYSE: HPQ - News), Home Depot (NYSE: HD - News), Honeywell (NYSE: HON - News), Intel (NasdaqGS: INTC)
Cramer continued his coverage of 30 Dow stocks with MMM, which is up 11%, although Cramer thinks its buyback and dividend increase are already priced in the stock, and he doesn't see sufficient upside to justify buying. Cramer has not been bullish on GM since the resignation of Jerry York from the board, but recommends GM's bond which has a nice percentage return. HPQ is "about to take off" and although it reported a "really great" quarter, it hasn't gone up yet. Cramer says HPQ is the only tech stock worth owning for the duration of the summer. Admitting he was wrong in his prediction of an interest rate cut from the Fed, Cramer says there is not a strong incentive to own HD, and would buy Sears instead. Honeywell is four points ahead of target, and while Cramer thinks it could go to $63, the stock would be too pricey. Intel's preformance has been disappointing, its price war with Advanced Micro Devices has been "bitter," and it shouldn't rise much higher than $24, Cramer said.
In the Beginning: Genesis Lease (NYSE: GLS - News)
After listening to AIG's earnings call, Cramer became aware of the "hot" business of leasing airplanes. The demand for aircraft currently outstrips supply, and Boeing can't produce planes quickly enough. GLS is a pure play on aircraft finance and is a way to benefit from the health of the industry "while keeping airlines at arm's length." The company is strong internationally, has a great cash flow and a solid dividend.
CEO Interview: Dan Batrack, Tetra Tech (NasdaqGS: TTEK)
Dan Batrack says the water resource management and infrastructure company has a strong pipeline and is at an all-time high. Backlog has surpassed revenue for five straight quarters, and the company is also involved in wind and nuclear energy, areas where demand exceeds supply. Cramer says he likes TTEK and notes its government contracts.
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Labels: GLS, GM, HD, HON, Hot Stocks, HPQ, INTC, Jim Cramer, Mad Money, MMM, TTEK

Follow Slim's Picks: Kraft (NYSE: KFT), Saks (NYSE: SKS), American Movil (NYSE: AMX)
Cramer would pay attention to the "overseas Warren Buffett," Carlos Slim Helu, who has surpassed Buffett on Forbes rich list, partly because of his exposure to emerging market stocks. Looking at Slim's portfolio, Cramer found KFT, which is not one of his favorites, SKS, which he didn't want to feature again, and finally AMX, which he thinks is a great play on the growth of cell phones in Latin America. Although AMX is at its 52-week high, Cramer feels it is "too good not to feature."

Green Day Part 4: Tetra Tech (NasdaqGS: TTEK)
Cramer is bullish on TTEK as a way to play the scarcity of clean drinking water, and noted it is in "the sweet spot" since 85% of its revenue is from water management and it has acquired Delaney Group, "a little wind company."

Sell Block: Charter Communications (NasdaqGM: CHTR), Sirius Satellite Radio (NasdaqGS: SIRI), XM Satellite Radio (NasdaqGS: XMSR), CMGI (NasdaqGM: CMGI), Oilsands Quest (AMEX: BQI) and Crystallex (AMEX: KRY), Vonage (NYSE: VG), Fremont General (NYSE: FMT), Downey Financial (NYSE: DSL)
For his Sell Block Segment, Cramer discussed hot stocks in CNBC's Million Dollar Portfolio Challenge game. Many of the stocks are speculative, and while he encourages speculation it should be undertaken if one's portfolio is balanced. The only one Cramer would buy is CHTR because cable is "on fire" and he predicts the stock will climb to $4 from $3.28. While he is "not totally negative" on SIRI, it is experiencing so many difficulties in its attempts to merge with XMSR that Cramer can not "in good conscience" recommend it. Headspinning changes to its business model make CMGI a sell, and Cramer would also unload BQI and KRY. He reiterated his bearish stance on VG, calling it "the single least investable stock" he's ever seen. While popular, Cramer says FMT has too much subprime exposure and would buy DSL instead.
CEO Interview: Nastech Pharmaceutical's (NasdaqGM: NSTK), Stephen Quay with stocks Celgene (NasdaqGS: CELG), Gilead Sciences (NasdaqGS: GILD), Genzyme (NasdaqGS: GENZ)
When asked what the company's star product is, Stephen Quay replied it was a "horserace" between its obesity and osteoperosis treatments, and its insulin nasal spray for diabetes. While Dr. Eric Hollander has shown that injections can help reverse some symptoms of autism, Stephen Quay comments the treatments are not long-lasting. However, NSTK has been working with Hollander to develop a nasal spray that will last much longer than the injections and expects to begin clinical trials this year. Cramer is bullish on NSTK as well as CELG, GILD and GENZ.

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Labels: AMX, BQI, CHTR, DSL, FMT, Jim Cramer, KFT, KRY, Mad Money, SKS, TTEK, VG, XMSR