Jim Cramer's Mad Money Review- Google (GOOG), USG CP (USG)
Bristol Myers Sqibb (BMY) canned CEO Peter Dohan and jumped up $.59. Cramer believes it could reach $26/share or even high as long as the new CEO is good. Other CEO's that could destroy the value of their companies include: Andrea Jung (AVP); Michael Cherkasky (MMC); Ronald Zarrella (BOL); Bob Nardella (HD). Cramer also hyped up Google (GOOG) due to the calendar. Hedge funds only worry about the earnings of 2006 for the 1st 8 months of the year, then once September comes around, they look at 2007 earnings. GOOG sells 31 times earnings, which is below its growth rate multiple of 34% which is a very bullish signal. Cramer believes GOOG is going to earn atleast $12.50/share and could go as high as $14. He also thinks it has a good chance reaching $500/ a share.
Lightning Round
Bulls: CSCO; SNDK; RIMM; BBY; SWHC; QCOM; ZNT; MET; UARM; SBUX
Bears: DNA; JOYG; PDC; CNP
Finally, Cramer likes whatever Warren Buffet is buying. Right now Buffet is buying USG Cp (USG) hand over fist. He already owns 17% of the company and he is not stopping. There are talks of him wanting to own 50% of this company. USG emerged from bankruptcy in 2006 and net earnings increased 60% to $176 million but it could be worth double that. 2Q in 06 net sales increased 22% to a record level of $1.6 billion. Bottom Line: housing is getting too much bad press and USG is a buy.
posted by Stock Administrator @ 4:04 AM
Jim Cramer's Mad Money Review- Google (GOOG), USG CP (USG)
Bristol Myers Sqibb (BMY) canned CEO Peter Dohan and jumped up $.59. Cramer believes it could reach $26/share or even high as long as the new CEO is good. Other CEO's that could destroy the value of their companies include: Andrea Jung (AVP); Michael Cherkasky (MMC); Ronald Zarrella (BOL); Bob Nardella (HD). Cramer also hyped up Google (GOOG) due to the calendar. Hedge funds only worry about the earnings of 2006 for the 1st 8 months of the year, then once September comes around, they look at 2007 earnings. GOOG sells 31 times earnings, which is below its growth rate multiple of 34% which is a very bullish signal. Cramer believes GOOG is going to earn atleast $12.50/share and could go as high as $14. He also thinks it has a good chance reaching $500/ a share.
Lightning Round
Bulls: CSCO; SNDK; RIMM; BBY; SWHC; QCOM; ZNT; MET; UARM; SBUX
Bears: DNA; JOYG; PDC; CNP
Finally, Cramer likes whatever Warren Buffet is buying. Right now Buffet is buying USG Cp (USG) hand over fist. He already owns 17% of the company and he is not stopping. There are talks of him wanting to own 50% of this company. USG emerged from bankruptcy in 2006 and net earnings increased 60% to $176 million but it could be worth double that. 2Q in 06 net sales increased 22% to a record level of $1.6 billion. Bottom Line: housing is getting too much bad press and USG is a buy.
Lightning Round
Bulls: CSCO; SNDK; RIMM; BBY; SWHC; QCOM; ZNT; MET; UARM; SBUX
Bears: DNA; JOYG; PDC; CNP
Finally, Cramer likes whatever Warren Buffet is buying. Right now Buffet is buying USG Cp (USG) hand over fist. He already owns 17% of the company and he is not stopping. There are talks of him wanting to own 50% of this company. USG emerged from bankruptcy in 2006 and net earnings increased 60% to $176 million but it could be worth double that. 2Q in 06 net sales increased 22% to a record level of $1.6 billion. Bottom Line: housing is getting too much bad press and USG is a buy.
posted by Stock Administrator @ 4:04 AM
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