Mad Money Man
Tonight on Mad Money, Cramer hyped up Walgreens (WAL) as a good buy in this fickled market. He also liked Freeport MCMoran (FCX) in these unstable conditions. The reason why these stocks were are hot is because once the market is done beating them up they will become great buys. Especially in FCX case. Mutual funds have been bringing this stock down because they refuse to stay in the stock while its on its way down and sell. This causes the stock to take a beating, which FCX has done. Once the mutual funds are done beating this stock up, it will become a great takeover target. Bottom Line: The business cycle is here, wait for the cyclicals to drop then pull the trigger home gamers.
Lightning Round
Bulls:
ASH
LIFC
IDT
AL
FWLT
LMT
PNRA
SBUX
HDI
Bears:
FNSR- wait until ATT and Bell South close deal
CRM
CECO
AA
MVL
As of late, the tech stocks have been hurt the most. The question becomes, "What do you do when earnings don't matter?" The answer is, stay away from defenseless stocks. For example, Apple (AAPL) has good earnings and a laundry list of new consumer products; not to mention a great opportunity in the software industry since Microsoft (MSFT) delayed its Vista launch. However, they have no defenses which include, Dividends, buybacks, and guidance. In the current market conditions, shorters are killing these defenseless stocks because they can. All it takes is a few calls to some big firms and then the cold calling begins, that will take the life out of a stock, even one as good as AAPL. However, while these tech stocks are being hammered, look for bottoms. A bottom for AAPL is soon to arise. Bottom line: buy stocks that have defenses (dividends, buyback, guidance).
Cramer concluded the show by interviewing the CEO of Dynamic Materials (BOOM). Cramer crowned this stock as his "orphan stock" on June 2, 2006. Since 2003 this stock has grown 88%. Cramer still likes it this stock and once you do your homework, buy on a pullback.
posted by Stock Administrator @ 9:25 PM
Mad Money Man
Tonight on Mad Money, Cramer hyped up Walgreens (WAL) as a good buy in this fickled market. He also liked Freeport MCMoran (FCX) in these unstable conditions. The reason why these stocks were are hot is because once the market is done beating them up they will become great buys. Especially in FCX case. Mutual funds have been bringing this stock down because they refuse to stay in the stock while its on its way down and sell. This causes the stock to take a beating, which FCX has done. Once the mutual funds are done beating this stock up, it will become a great takeover target. Bottom Line: The business cycle is here, wait for the cyclicals to drop then pull the trigger home gamers.
Lightning Round
Bulls:
ASH
LIFC
IDT
AL
FWLT
LMT
PNRA
SBUX
HDI
Bears:
FNSR- wait until ATT and Bell South close deal
CRM
CECO
AA
MVL
As of late, the tech stocks have been hurt the most. The question becomes, "What do you do when earnings don't matter?" The answer is, stay away from defenseless stocks. For example, Apple (AAPL) has good earnings and a laundry list of new consumer products; not to mention a great opportunity in the software industry since Microsoft (MSFT) delayed its Vista launch. However, they have no defenses which include, Dividends, buybacks, and guidance. In the current market conditions, shorters are killing these defenseless stocks because they can. All it takes is a few calls to some big firms and then the cold calling begins, that will take the life out of a stock, even one as good as AAPL. However, while these tech stocks are being hammered, look for bottoms. A bottom for AAPL is soon to arise. Bottom line: buy stocks that have defenses (dividends, buyback, guidance).
Cramer concluded the show by interviewing the CEO of Dynamic Materials (BOOM). Cramer crowned this stock as his "orphan stock" on June 2, 2006. Since 2003 this stock has grown 88%. Cramer still likes it this stock and once you do your homework, buy on a pullback.
Lightning Round
Bulls:
ASH
LIFC
IDT
AL
FWLT
LMT
PNRA
SBUX
HDI
Bears:
FNSR- wait until ATT and Bell South close deal
CRM
CECO
AA
MVL
As of late, the tech stocks have been hurt the most. The question becomes, "What do you do when earnings don't matter?" The answer is, stay away from defenseless stocks. For example, Apple (AAPL) has good earnings and a laundry list of new consumer products; not to mention a great opportunity in the software industry since Microsoft (MSFT) delayed its Vista launch. However, they have no defenses which include, Dividends, buybacks, and guidance. In the current market conditions, shorters are killing these defenseless stocks because they can. All it takes is a few calls to some big firms and then the cold calling begins, that will take the life out of a stock, even one as good as AAPL. However, while these tech stocks are being hammered, look for bottoms. A bottom for AAPL is soon to arise. Bottom line: buy stocks that have defenses (dividends, buyback, guidance).
Cramer concluded the show by interviewing the CEO of Dynamic Materials (BOOM). Cramer crowned this stock as his "orphan stock" on June 2, 2006. Since 2003 this stock has grown 88%. Cramer still likes it this stock and once you do your homework, buy on a pullback.
posted by Stock Administrator @ 9:25 PM
0 Comments:
Post a Comment
<< Home