Jim Cramer's Mad Money Stock Recap Jan. 22
Foreign Exchange: Companhia Vale do Rio Doce (NYSE: RIO - News), BHP Billiton (NYSE: BHP - News), Rio Tinto (NYSE: RTP - News)
Cramer sees solid growth potential in foreign stocks, especially since they free the investor from Fed obsession. He says that foreign stocks can safely comprise up to 20% of a porfolio, and that while emerging markets may be a rough ride, there is no reason to be afraid of them. Cramer likes Brazilian companies RIO, BHP and RTP with RIO heading the list because of its acquisition of Canadian-based Inco, giving RIO a "hammerlock" on the metal. Nickle is going up while most other commodities are sluggish, and Cramer says that RIO is an exception to his rule about Latin American companies and can be a keeper rather than merely a trade. He adds that RIO is "dirt cheap," and he sees "endless upgrades" on RIO's horizon.
Oil Services Holdrs (AMEX: OIH - News), Schlumberger (NYSE: SLB - News)
A fall in oil prices caused a decline for OIH along with the entire sector until SLB reported a "ridiculously good" quarter, raised its dividend by 40% and revived oil, even through prices kept going down, observed Cramer. SLB was able to "turn bears into buyers" by stating in its conference call that the need for oil service stock is strong in spite of the fall in oil prices, which will not return to the $30s and $40s. SLB added that it expects to see " consistent high growth through the end of the decade." Cramer declared that oil stocks are a buy on weakness, particularly foreign companies because he is concerned about domestic drilling.
Capital One Finance (NYSE: COF - News)
In spite of its worse-than-expected earnings guidance on Thurday, COF jumped from $73 to $79 on Friday, mainly because the number of delinquencies decreased, a factor which raised COF's multiple. Since delinquencies have been reduced, Cramer trusts COF's earnings, comments that the stock is cheapnow and is going to $100, and calls it a triple buy.
CEO Interview: Joel Moskowitz, Ceradyne (NASDAQ: CRDN - News)
Cramer asked Joel Moskowitz about the recent Friedman Billings' report that there would be a decreased demand for body armor. Moskowitz responded "We have more orders for armor going into 2007 than we've had in the history of the company." In addition, he expects additional orders for 2007 and 08 because of "extended conversations" with the US government. Cramer commented that he is adhering to his bull stance on CRDN which is a "moneymaker."
Published by SeekingAlphaLabels: BHP, COF, CRDN, Jim Cramer, Mad Money, OIH, RIO, RTP, SLB
posted by Stock Administrator @ 9:42 AM
Jim Cramer's Mad Money Stock Recap Jan. 22
Foreign Exchange: Companhia Vale do Rio Doce (NYSE: RIO - News), BHP Billiton (NYSE: BHP - News), Rio Tinto (NYSE: RTP - News)
Cramer sees solid growth potential in foreign stocks, especially since they free the investor from Fed obsession. He says that foreign stocks can safely comprise up to 20% of a porfolio, and that while emerging markets may be a rough ride, there is no reason to be afraid of them. Cramer likes Brazilian companies RIO, BHP and RTP with RIO heading the list because of its acquisition of Canadian-based Inco, giving RIO a "hammerlock" on the metal. Nickle is going up while most other commodities are sluggish, and Cramer says that RIO is an exception to his rule about Latin American companies and can be a keeper rather than merely a trade. He adds that RIO is "dirt cheap," and he sees "endless upgrades" on RIO's horizon.
Oil Services Holdrs (AMEX: OIH - News), Schlumberger (NYSE: SLB - News)
A fall in oil prices caused a decline for OIH along with the entire sector until SLB reported a "ridiculously good" quarter, raised its dividend by 40% and revived oil, even through prices kept going down, observed Cramer. SLB was able to "turn bears into buyers" by stating in its conference call that the need for oil service stock is strong in spite of the fall in oil prices, which will not return to the $30s and $40s. SLB added that it expects to see " consistent high growth through the end of the decade." Cramer declared that oil stocks are a buy on weakness, particularly foreign companies because he is concerned about domestic drilling.
Capital One Finance (NYSE: COF - News)
In spite of its worse-than-expected earnings guidance on Thurday, COF jumped from $73 to $79 on Friday, mainly because the number of delinquencies decreased, a factor which raised COF's multiple. Since delinquencies have been reduced, Cramer trusts COF's earnings, comments that the stock is cheapnow and is going to $100, and calls it a triple buy.
CEO Interview: Joel Moskowitz, Ceradyne (NASDAQ: CRDN - News)
Cramer asked Joel Moskowitz about the recent Friedman Billings' report that there would be a decreased demand for body armor. Moskowitz responded "We have more orders for armor going into 2007 than we've had in the history of the company." In addition, he expects additional orders for 2007 and 08 because of "extended conversations" with the US government. Cramer commented that he is adhering to his bull stance on CRDN which is a "moneymaker."
Published by SeekingAlpha
Cramer sees solid growth potential in foreign stocks, especially since they free the investor from Fed obsession. He says that foreign stocks can safely comprise up to 20% of a porfolio, and that while emerging markets may be a rough ride, there is no reason to be afraid of them. Cramer likes Brazilian companies RIO, BHP and RTP with RIO heading the list because of its acquisition of Canadian-based Inco, giving RIO a "hammerlock" on the metal. Nickle is going up while most other commodities are sluggish, and Cramer says that RIO is an exception to his rule about Latin American companies and can be a keeper rather than merely a trade. He adds that RIO is "dirt cheap," and he sees "endless upgrades" on RIO's horizon.
Oil Services Holdrs (AMEX: OIH - News), Schlumberger (NYSE: SLB - News)
A fall in oil prices caused a decline for OIH along with the entire sector until SLB reported a "ridiculously good" quarter, raised its dividend by 40% and revived oil, even through prices kept going down, observed Cramer. SLB was able to "turn bears into buyers" by stating in its conference call that the need for oil service stock is strong in spite of the fall in oil prices, which will not return to the $30s and $40s. SLB added that it expects to see " consistent high growth through the end of the decade." Cramer declared that oil stocks are a buy on weakness, particularly foreign companies because he is concerned about domestic drilling.
Capital One Finance (NYSE: COF - News)
In spite of its worse-than-expected earnings guidance on Thurday, COF jumped from $73 to $79 on Friday, mainly because the number of delinquencies decreased, a factor which raised COF's multiple. Since delinquencies have been reduced, Cramer trusts COF's earnings, comments that the stock is cheapnow and is going to $100, and calls it a triple buy.
CEO Interview: Joel Moskowitz, Ceradyne (NASDAQ: CRDN - News)
Cramer asked Joel Moskowitz about the recent Friedman Billings' report that there would be a decreased demand for body armor. Moskowitz responded "We have more orders for armor going into 2007 than we've had in the history of the company." In addition, he expects additional orders for 2007 and 08 because of "extended conversations" with the US government. Cramer commented that he is adhering to his bull stance on CRDN which is a "moneymaker."
Published by SeekingAlpha
Labels: BHP, COF, CRDN, Jim Cramer, Mad Money, OIH, RIO, RTP, SLB
posted by Stock Administrator @ 9:42 AM
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