Jim Cramer's Mad Money Review

"I like what I heard," and "I took it as bullish," is what Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday about the Federal Reserve's action.
Opening the show, Cramer spoke on the Fed and today's unchanged interest rates. He said that right now it is smart not to buy retailers and that you can still buy ConocoPhillips (COP) on a down futures day. Cramer said that two things to take away are that you can "still own commodities," and that investors should "worry about a calamity," like Enron.
Moving along, Cramer said that a "way to look at consumers" is to observe Darden (DRI). He said that its April, May, June progression has been really strong and that people are still going to the Olive Garden, which had tremendous same-store sales growth.

Continuing his comments on the markets, Cramer said that he understands why the Fed believes consumers are getting strong; we are the most oversold we've been.

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Labels: COP, DRI, Jim Cramer, Stop Trading

Take a look at Owens Corning (OC) as an alternative energy play, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.
Cramer said the company makes composites that go into wind mills. It also makes insulation, which can substantially cut energy use, he said.
Cramer also said he likes Discovery Holding (DISCA). "This is a cable company that really has a lot of things going for it," he said. "Cable's a winner right now."
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Labels: DISCA, Jim Cramer, OC, Stop Trading

Scale out of Apple AAPL Jim Cramer said on CNBC's "Stop Trading!" segment Monday.
Cramer told investors to sell as Apple CEO Steve Jobs discussed the next-generation iPhone at the Worldwide Developer Conference. The phone has faster data downloads and may outpace devices from Apple rivals Palm PALM and Research In Motion RIMM.
Cramer called the news "marginally positive," saying, "You wanted to sell most of your position into this launch because of the hoopla." He said that he would have changed this strategy if the new phone had a camera that could simulate Apple's iChat software for its Mac computers. "I'm not changing my view," he said.
"I think Apple has been a great trade in a really bad market," Cramer said. However, "the odds do not favor another run on top of this."
As for RIM's prospects, Cramer said he doesn't want to sell the stock. "I still think that BlackBerry is a terrific name." He said he would be a buyer of RIM shares at around $120.
Cramer ended the segment by saying that debt downgrades in the homebuilders sector spell more pain for the space. He said that regional banks Washington Mutual (WM) and National City (NCC) also face similar difficulties. "When I see the homebuilders being downgraded, I know there's more pain ahead," he said.
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Labels: AAPL, Apple Inc., iChat, iPhone, Jim Cramer, NCC, PALM, RIMM, Steve Jobs, Stop Trading

"If there's one thing I've learned in my years and years of trying to help make people money, it's that you've got to play by the rules," Jim Cramer told viewers of his "Mad Money" TV show.
Almost every time he's broken his own rules, Cramer said, he's lost money. "That's why the rules are there: They keep you disciplined and they keep you from making mistakes," he said.
In his book, Jim Cramer's Real Money: Sane Investing in an Insane World, Cramer laid out all the rules he played by while running money at his hedge fund.
But in the year he's spent working on his "Mad Money" TV show, he said, he's learned more about stocks than he did during the five years he spent at his hedge fund.
Therefore, he has 20 new rules for people to use in his book, Jim Cramer's Mad Money: Watch TV, Get Rich.
But because Cramer wants his viewers to make money and believes these new rules will help, he said he's going to dedicate his show to explaining five of the 20 rules laid out in the book.
"The new rules aren't just about being an individual investor trying to beat the market," he said. "They're about how an individual investor can understand how the big institutions work."
"There's no such thing as 'the market,' and we shouldn't reify it," Cramer went on to say. "There are just a bunch of funds that control most of the money that goes into stocks, and the guys running the funds mostly think the same way."
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Labels: Jim Cramer, Mad Money