Jim Cramer's Mad Money Review

He said that lender CIT (CIT) is "definitely negative" on GE's earnings report.
Cramer disclosed that he owns GE stock but still wants to try to make money off the company's quarter.
On Intel (INTC) and the rest of the tech sector, Cramer said that "People are saying, 'Oh [tech stocks are] not going down a lot, so maybe I'll recommend them.' You cannot buy tech in the month of April expecting that you can handle the next two quarters," he said. "Tech is just wrong here."
Cramer called Intel "dead money." However, he did note that "AMD (AMD) is so bad that if I were a customer of AMD I would be calling Intel and saying I need a backup supplier."
Tech is largely a play on GDP growth, which is wrong for this environment, Cramer said. "You can't hide in tech. You can hide in Procter (PG), you can hide in Coke (KO), you can hide in Pepsi (PEP), but you cannot hide in tech."
Cramer was also bearish on Google (GOOG). "I don't know, when you have Microsoft (MSFT) and Yahoo! (YHOO) and News Corp. (NWS) and they've all decided they want to end the dominance of Google." He also decried Google's "hiring binge," saying, "That's just not a business model. ... AMR (AMR) not being able to fly is probably hurting their hiring binge," he said. "That's Google's strategy right now. That's not how you make money."
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Labels: AMD, AMR, CIT, GOOG, INTC, Jim Cramer, KO, MSFT, NWS, PEP, PG, Stop Trading, YHOO

"We're in a huge rotation out of late-cycle stocks like Freeport ... and into early cycle stocks like banks," Cramer said. But the copper and gold mining company is "a layup to be bought out by a BHP (BHP) or a Rio Tinto (RTP)."
The short-term outlook for Freeport, however, is far less certain. Cramer urged investors to "forget about it for the next six months, because this cycle is over. ... The momentum guys have to get out of it like they're getting out of ag, like they're getting out of oil. ... Be respectful of the amount of money they run."
Cramer noted that investors are moving out of plays like Freeport and into the banks. "There are bailouts out there. These bailouts can occur. ... The move out to the banks makes a lot of sense."
If the fed funds rate comes down enough, Cramer says, the banks can mount a recovery.
Finally, of Google's (GOOG) recent decline, Cramer only offered, "Buy any retailer you want. I'm not talking about Google."
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Labels: BHP, GOOG, Jim Cramer, RTP, Stop Trading

Cramer believes one of the fund's names, Nokia (NOK), is underrated. "Nokia just went down ... under a misperception that it was getting killed. Nokia is the winner."
Cramer added that search behemoth Google (GOOG) is "just resting" ahead of its earnings report.
Of Corning (GLW), Cramer said "Everyone is panicking." Cramer owns Corning for his charitable trust, Action Alerts PLUS.
Cramer couldn't get behind all of Magellan's names, however. "The one that is the true glass-half-full for him and half-empty for me is Staples (SPLS). I just don't like retail at all."
To conclude, Cramer reaffirmed his belief in energy and agriculture plays, saying that Canadian Natural Resources (CNQ) was "so right." He added that Mosaic (MOS), John Deere (DE), Agrium (AGU) and Monsanto (MON) are still solid stocks.
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Labels: AGU, CNQ, DE, GLW, GOOG, Jim Cramer, MON, MOS, NOK, SPLS, Stop Trading

Coca Cola (KO) is a good pick for 2008's volatile trading environment, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
"Coca Cola said on my show not that long ago [that] raw costs [and] commodity costs actually peaked. ... People are paying much more for those earnings because they're so consistent. ... Coke is going to continue to go higher," Cramer said.
Meanwhile, Berkshire Hathaway (BRKA) insurance executive Ajit Jain is spurring a short squeeze on Ambac (ABK) and MBIA (MBI), Cramer said.
Cramer's skeptical about Jain's assertion today on CNBC that Berkshire Hathaway may buy one of the beleaguered bond insurers. "Why open a business and therefore crush your competitors when you want to buy?" He says it doesn't make sense to go shooting against them and also buy them.
Cramer is leery of Ambac and MBIA's viability. "Buffett has historically not wanted to buy black boxes," Cramer continued. "Eric Dinallo, [New York's] superintendent of insurance, is saying 'I don't trust these companies.'"
"The shorts cover then put out," Cramer concluded, because of continued turmoil in the housing and financial markets.
Cramer also commented on Google's (GOOG) recent bounce. "I still think Google is the tell for this market. ... It is not the fundamentals driving Google or Apple (AAPL). If that were the case, Apple would be at $200 and Google would be at $700."
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Labels: AAPL, ABK, BRKA, CNBC's Stop Trading, GOOG, Jim Cramer, KO, MBI, Stop Trading

The Fed's creation of a temporary term auction facility to help ease the pain felt in the credit markets was "just another stupid thing that they did," Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
"The proof is in the pudding," Cramer said. "What's the group that acts the worst today? The group that this is was meant for!" He noted that although Apple (AAPL), Chevron (CVX), Exxon Mobil (XOM) and Google (GOOG) responded well to the market, the financial sector was performing poorly on the news.
"They should have changed the statements to 50 basis points - merry Christmas, do your best," Cramer said. Instead, "Their amount of action ... a day's worth of Washington Mutual's (WM) problems."
Cramer suggested that the Federal Reserve members resign. "You are running some kind of offense that no one understands. ... These guys are really jokers." He cited the Fed's lack of experience in the markets as the source of their ineptitude. "They never sat on the desk," he said. "Go sit on a desk at Merrill Lynch (MER)."
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Labels: AAPL, CVX, GOOG, Jim Cramer, MER, Stop Trading, WM, XOM

The Dow closed down 211 points and the Nasdaq finishing down 34. The S&P 500 has now given up all of its gains on the year. Najarian continues to like the four horseman names like Apple (AAPL), Google (GOOG) and Research In Motion (RIMM) which showed strength on Wednesday. Adami recommended getting long General Motors (GM) right here with a specific stop price in mind. Finerman found it strange that Fannie Mae (FNM) went up Wednesday. Crude oil came close to $100 on Wednesday, but fell just short and finished the day at $97.19. Gartman feels the stock market is behaving horribly and he is short names like Harley-Davidson (HOG), Tiffany (TIF) and Coach (COH) and long Microsoft (MSFT)and Apple (AAPL). Gartman's favorite position right now is short Cummins (CMI).
CNBC Pharmaceuticals Reporter Mike Huckman joined the show to discuss his take on big pharma stocks. Huckman explained that Pfizer (PFE) is having issues with safety concerns on a stop smoking drug, falling Lipitor sales and generic competition. Huckman also mentioned that Merck (MRK), Eli Lilly (LLY) and Bristol Myers (BMY) were all down on Wednesday. Finerman likes Johnson & Johnson (JNJ).
Investors tend to sell their biggest losers towards the end of the year to reduce the tax hit they take from their winners. Some of the names at 52-week lows are Citigroup (C), Pfizer (PFE), Merck (MRK), J.C. Penny (JCP), Capital One Financial (COF), Advanced Micro Devices (AMD) and AIG (AIG).
Word on the Street
Macke recommended buying The Gap (GPS) on dips. Finerman likes Limited (LTD) on valuation. Adami suggested buying Citi Trends (CTRN) ahead of earnings for Monday. Najarian likes Target (TGT) for its valuation in retail.
Deere & Company (DE) traded up 5% after profits rose 52%.
Najarian suggests looking at Agco (AG)
Najarian noted strong call options trading activity on Tibco Software (TIBX).
Pops & Drops
Pops - Google (GOOG) traded up 2%
U.S. Steel (X) traded up 5% also bucking the down trend in the market.
Drops - Tesoro (TSO) fell 3%
American International Group (AIG) fell 6%.
Circuit City (CC) fell 6% after a JPMorgan analyst downgraded the stock.
Jamba Juice (JMBA) plunged 30%
Final Trade
Macke says don't buy stocks if you don't have to and Adami and Finerman just gave thanks in the holiday spirit.
Najarian likes Apple (AAPL) and he thinks the stock will explode into January.

Labels: AAPL, BMY, CMI, CNBC, CNBC's Fast Money, COF, COH, Fast Money Recap, FNM, GM, GOOG, HOG, LLY, LTD, MRK, MSFT, pfe, RIMM, TGT, TIF

Stocks extended losses as after unexpected oil inventory drawdowns. Stocks lowered 8 times in the last 11 sessions. S&P down .1% for 2007, Dow up 3.1%, Nasdaq up 5.7%. Most of the airlines were down for the week. Latin America was also hit very hard today. Higher oil prices are approaching historic lows hitting $99.29 today. Oil inventories down 1.1 million barrels. Refinery utilization is at 87%. Crude imports dropped 700,000 barrels. Gasoline inventories up 200,000 barrels. Heating oil is up right now, which is really key. Heating oil could go up 20%. What will this mean for consumers? How to play defense against this? JJ Burns says structured investments give you a barrier protection on the upside and downside to this market. Dow leaders today are coca-cola, 3M, Boeing, Proctor & Gamble. Financials were way down today. Citigroup, FreddieMac, and JPMorgan were at 52 week lows. Crude oil came in at just $97 this afternoon, showing that some are taking profits off the table expecting oil to hit that $100 mark. Nariam Behravesh was on the show to discuss oil and the implications. He says if it comes down in the next few weeks or month, we should be ok. But if it keeps going up we could be in trouble. They also said that consumers might not feel the pressure until oil gets up around $140-150 a barrel. Consumers with larger vehicles are most affected when they have to spend $100 to fill up their tank every time. Dennis Kneale said that high oil prices have no affect on fueling inflation. Retail names have also suffered tremendously in the past month or so. Morgan Stanley Retail index has fell 10% this month to a 2-year low. In November we should expect pent-up demand, unseasonally seasonal, 06 was weak, and what's not to hate. Retail saving may not be good, but stocks could be fine. Pick your retailers carefully. Exxon Mobil is a name benefiting with oil going up. Google is also performing well right now. Some speculate that the weak dollar is responsible for some of these drops. TJ Marta thinks the dollar weakness is a historic multi-generational crisis and reflects the fact the foreign investors have lost confidence in the US market. They think our market is liquid and transparent, but it becoming less of each. Steve Liesman says the balance in the trade deficit needs to readjust. The US dollar is down 16% this year against basket of major currencies. It hit a record low against the Euro on Tuesday. FED thinks US growth will slow in 2008 between 1.8% and 2.5%. California has been hurt greatly with the number of homes sold. Jane Wells said Countrywide Finl. Is down 10%, but is projected to be profitable this quarter. They have joined other lenders to cut a deal with people who are about to see their subprime mortgage rates plummet. There are also many lawsuits brought against them for outrageous fees. Continental Air started to move up toward the end of the show. Jeff Krumpelman recommends buying Intel (INTC). They are hiking the dividend which comforts investors. 80% of their revenues come from outside the US. They have a competitive edge over AMD. He also says buy Microchip (MCHP). Final Thoughts: Be skeptical but have hope. The bad affects have not happened yet relating to the weak dollar. It is the fear that is making us worry. It has contributed to the higher price of oil

Labels: 3M Co., Citigroup Inc., CNBC, CNBC's The Call, Crude Oil, DOW, GOOG, JP Morgan Chase and Co., Nasdaq, The Call

On Tuesday's show Cramer gave out 5 rules for investing in the stock market. His first rule is that there is a market for everything, including the stocks themselves. He said an example was how ethanol stocks were very hot about a year ago, and then several IPOs came on the market, so there was an oversupply of ethanol stocks on the market and the entire sector went down. So the ethanol business and news didn't matter because there were too many ethanol stocks available. Cramer said another example was his recommendation of Sealy (ZZ) at its IPO where he liked the stock, but didn't realize that there was a glut of IPOs, so the IPO market was saturated and the stock tanked.
Cramer took soma calls. The first caller asked how you can know whether an IPO is a good investment or not, and Cramer said that the key is the offering price for the shares. Another caller asked if there are any sectors that Wall Street overlooks, and Cramer said that you should look for a sector that used to have 10 analysts and only has 1 or 2 now and consider that sector for a turnaround. The next caller asked about the Vonage (VG) IPO, and Cramer said that this IPO was overhyped and that they should not have let the company sell stock to its customers.
Cramer's second rule is to know what you own. Sectors don't always matter since stocks within a sector can rally without others. Industries within a sector are the key to rallies, not the sector itself. An example occurred a couple years ago when he called for a tech rally and recommended Cisco (CSCO) and Microsoft (MSFT) because they were the big tech stocks, and he should have been thinking more specifically about the gadget industry within tech, since stocks like Apple (AAPL) were up big. He also said that he wants you to do at least 1 hour of homework each week for each stock you own. He thinks you should give your money to a mutual fund if you don't have enough time.
A caller asked why you don't see big rallies in the biotech sector, and Cramer explained that biotech stocks are moved by FDA rulings, not broader industry moves. The next caller asked how to find the pin action within a sector that Cramer talks about, and he used an example where Boeing (BA) reported a great quarter, and you should look to see who makes the components of the planes they make, since their sales will rise with Boeing's. The next caller asked how to predict performance if a sector is split, like Internet search with Yahoo! (YHOO) and Google (GOOG), and Cramer said that you need to look at management and other company specific factors in that case.
Cramer's third rule is that Latin America should always be treated as a shorter term trade since Wall Street has preconceived notions about the region that prevent it from being a long term investment, and they are the ones who move the market. You should always take profits as a Latin American stock moves up so you don't get caught when the big investors move out of their trade. A caller asked how important our economy is to Chinese stocks, and Cramer said that he doesn't like to recommend Chinese stocks because he doesn't trust their economy. The other caller asked about stocks like Wal-mart (WMT) and Starbucks (SBUX) that are expanding in China, and Cramer said that Starbucks could be the next Yum! Brands (YUM) which doubled their stock price after they doubled their stores in China.
Cramer's next rule is that being a lemming is ok, but he still wants you to go your homework, but if you agree with the moves that big investors are making, then it's good to go with the momentum.
His last rule was to not be afraid to say that something is too difficult to invest or trade on. His example is restaurant same store sales, which he has been crushed on in the past since there are so many factors that contribute to the number and the reaction. He said you aren't being weak, but smart by focusing your time someplace where you can make money.

Labels: AAPL, BA, China, CSCO, GOOG, IPO, Jim Cramer, Lightning Round, Mad Money, Mad Money Lightning Round, Mad MOney Recap, MSFT, SBUX, VG, WMT, YHOO, YUM, ZZ

Melissa Lee hosted today for Erin and started off Tuesday's show with an exclusive news break talking about stocks being down for the seventh time in nine sessions. Crude oil reached $98 for the first time, reaching a new high. They talked about Google and increasing their price target to $900 per share. Terry is looking for Google to mover in to powerful display advertising to gain market share, as advertising goes digital.
Samantha Davies came back talking about the bad weather approaching this week for the holiday season. Wednesday it will be very cold and rainy from the coast to the Great Lakes. On Thanksgiving it will be even colder in the Midwest and should expect many delays at several airports. Tim Zagat was on the show discussing the descent in airlines. He discussed specifically the increase in delays and cancellations. International airlines have fared much better than US domestic carriers. Midwest airlines and JetBlue airways have been the most successful economy carriers, because they are mostly business class airlines.
They came back discussing the drastic increases in oil and how the dollar weakness helps push crude oil to record closes.
The Bond Report: Santelli showed how 2-year note rates are still decreasing. He also said that the dollar index is decreasing very rapidly.
The Faber Report: Freddie Mac (FRE) has taken a large hit on their portfolio, especially today. Fannie Mae (FNM) has also taken a hit. Countrywide stock is below $10 a share and says that bankruptcy rumors are "absolutely false." 40% of their assets are in option arms. Fred Cannon has a $66 price target on FRE and $62 on FNM. He said that Fannie Mae gave us more of an insight to upcoming quarters. The government will eventually turn to GSE's.
Melissa came back with Paul Goodwin discussing the growing bear market in China. Many of the stocks are currently overvalued as well as very risk adverse. Aluminum China and E House China Holdings were two stocks that Goodwin said are taking your money and falling into downward trends. Predicts a rough three months for these stocks.
Lee came back discussing the value of the Canadian dollar and the Toronto Blue Jays. The Blue Jays make about $740,000 for every .01 cent increase in the loon compared to the US dollar.
Bertha Coombs discussed Oprah's favorite things this year. She gave away a $3800 LG HDTV Refrigerator on her show among many other lavish gifts.

Labels: China, CNBC, Crude Oil, Erin Burnett, FNM, FRE, GOOG, JetBlue Airways Corp., Melissa Lee, Midwest Air, oprah, Santelli, Street Signs, street signs recap, the bond report, the faber report

The Dow finished 66 points into positive territory and the Nasdaq closed up 18 points. The technology sector and retail industry is getting a lot of attention as the holiday season is fast approaching. Technology stocks rebounded Friday after the worst week for the Nasdaq since April 2002. Najarian said this week was not that bad for technology. He highlighted Apple (AAPL), which started the week at $165 and finished the week at $165. Cisco Systems and Oracle (ORCL) both enjoyed a great week as well. Najarian suggested that as soon as Research in Motion (RIMM) hits China the stock will make a huge move.Jim Goldman joined the show crew to discuss his take on Google entering the wireless space. Goldman says Google (GOOG) is going to make a play for the 700mhz spectrum being auctioned off by the FCC in January. Goldman speculates that this network could be worth $4.5 billion.Henry Blodget caused speculation on Friday after posting on his blog that Microsoft (MSFT) should buy Yahoo! (YHOO) to gain market share in internet search. Finerman doesn't think the idea is outrageous. Macke also feels that Microsoft has plenty of cash to make the deal.Hewlett-Packard (HPQ) and GameStop (GME) will report earnings next week. Adami loves Hewlett-Packard, but he is worried that expectations might be too high. The rest of the crew more or less agreed.Najarian says look at the strong stock performance in companies that sell merchandise at Dick's Sporting Goods (DKS) like Under Armour (UA), Crocs (CROX), Nike (NKE) and Calloway (ELY). Macke agrees and said he would buy Dick's right now. Wal-Mart (WMT) shines among a weak retail sector after posting a solid quarterly report.FedEx's (FDX) lowered full-year outlook may be predicting an economic slowdown. Macke says FedEx is a legitimate economic indicator especially for the health of the consumer.Consumer staples like Coca-Cola (KO), Altria (MO), Colgate (CL) and Procter & Gamble (PG) continue to show strength in a weak market. Adami favors Unilever (UL) at its 52-week high and is cheaper then Procter on valuation. Najarian likes Johnson & Johnson (JNJ) which Warren Buffett owns and Merck (MRK).Crude oil closed at $95 as traders make another attempt at $100. Adami thinks crude is toppy, but Tesoro (TSO) is worth looking at in the mid-$50's. Najarian would prefer a solar stock play.
Pops & Drops
Pops - Cisco (CSCO) traded up 5% this week after announcing a $10 billion stock buyback. Advanced Micro Devices (AMD) traded up 2% after the Abu Dhabi government took an 8.1% stake worth $622 million. Lehman Brothers Holdings (LEH) traded up 7%. Delta Airlines (DAL) traded up 21% after speculation that a merger with United Airlines (UAUA) could occur. Corning (GLW) traded up 10% after raising their profit forecast for the fourth-quarter. Garmin (GRMN) traded up 14%Sotheby's (BID) traded up 16% after selling $316 million in contemporary art on Wednesday. Crocs (CROX) traded up 10%
Final Trade
Macke feels positive about Dick's Sporting Goods (DKS).
Adami recommends Lazard (LAZ) for an M&A play.
Finerman would short Hovnanian Enterprises (HOV) because of its high debt levels.
Najarian favors DaVita (DVA)

Labels: AAPL, CNBC, CNBC's Fast Money, DKS, Fast Money Recap, GME, GOOG, HPQ, MSFT, ORCL, RIMM, YHOO

Bullish
Vodafone (VOD),
Annaly Capital Management (NLY), thinks that interest rates will be cut tomorrow, and this company will benefit.
Perry Ellis International (PERY),
NexCen Brands (NEXC), would rather recommend it on Friday.
Phillips-Van Heusen (PVH),
Synchronoss Technologies (SNCR), Cramer is bullish
ValueClick (VCLK), Cramer thinks it is valuable to many large internet companies, and that it will be bought out by the end of the year, so he is bullish.
Apple (AAPL), Google (GOOG), Research In Motion (RIMM)- Bullish on all three.
Furmanite Corporation (FRM), bullish on this infrastructure play.
Foster Wheeler (FWLT),
Altria (MO)
Colgate-Palmolive (CL).

Bearish
J2 Global Communications (JCOM)- "Don't Buy."
3SBio (SSRX), Cramer is sticking to his Four Horsemen of China
Vimpel-Communications (VIP), stay away from this stock.
E-House (China) Holdings (EJ), China is too hot to speculate in this stock.
ConAgra Foods (CAG), Cramer can't recommend this stock.
Synaptics (SYNA)- Cramer doesn't want to touch this stock.
Procter & Gamble (PG)- would rather have you in Colgate (CL).

Labels: AAPL, CNBC, FRM, GOOG, Lightning Round, Mad Money Lightning Round, NEXC, NLY, PERY, PVH, RIMM, SNCR, VCLK, VOD

Google (GOOG), IBM (IBM), Microsoft(MSFT), Intel (INTC)
While consumer weakness is hurting retail, people are still buying tech, said Cramer, explaining the sector is product-cycle driven; "The product cycle remains the Google -led product cycle, meaning that Google has become so important that people want to have fast taking of Google, fast downloading of Google, fast downloading of YouTube," Cramer said. IBM is the exception because "IBM identified its end-client basis." The success of Microsoft's Vista will extend from back-to-school to the holidays and maybe beyond. Cramer expressed annoyance at shorts who erroneously spread rumors about Intel's alleged double orders, and then refused to admit their mistake; "When I make a mistake ... I say I made that mistake," he said.
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Labels: GOOG, IBM, INTC, Jim Cramer, MSFT, Wall Street Confidential

Cramer started off Monday's show by recommending a stock that he thinks is inexpensive relative to its earnings and growth. The stock is Google (GOOG), which reported huge earnings on Thursday, and Cramer thinks it is cheap because the drop in the market on Friday kept investors from pricing the growth into the stock.
Cramer then went to the phonelines. The first caller asked about Celgene (CELG), and Cramer said to back up the truck since it's down 6 points. The next caller asked about SINA (SINA), and Cramer said that Baidu.com (BIDU) and Focus Media (FMCN) were better China plays.
Apple (AAPL): Next Cramer said Apple is cheap after the earnings they reported today, but the cheap stock that he really likes is Intuitive Surgical (ISRG). Cramer thinks that this stock is even cheaper than Google, and it also did well on Friday due to strong earnings. He thinks they will continue to grow, and that earnings will stay strong as they sell replacement parts for their surgical instruments.
After the lightning round, Cramer went over another stock that he thinks will benefit from another trend he found in the book "Microtrends." Also skin cancer has been increasing rapidly, and Schering-Plough (SGP) owns Coppertone, making it the best play on this trend. SGP's CEO was on the show to talk about the most recent earnings report and the future prospects of the company.
Cramer then did a segment on Seaspan (SSW), a container shipper. He discussed the company with the CEO, and then said that he thinks the dry bulk shipping stocks are best, but this is a good container shipper.
Sudden Death. The first caller asked about Unit (UNT), which Cramer doesn't like because it's a domestic oil driller. The next caller asked about Cypress Semiconductor (CY), which Cramer likes because it has SunPower (SPWR) as a subsidiary. The last caller asked about MedcoHealth (MHS), which Cramer gives two thumbs up.

Labels: AAPL, CELG, CY, GOOG, ISRG, Jim Cramer, Mad Money, Mad MOney Recap, MHS, SGP, SINA, SPWR, SSW

Google (GOOG), Apple (AAPL), Research In Motion (RIMM), Amazon (AMZN), VMware (VMW), Garmin (GRMN), Oceaneering (OII), FMC Technologies (FTI), Core Labs (CLB), Transocean (RIG)
Amid rumors that tech is overstretched, Cramer still backs his four horsemen: Google, Apple, Research in Motion and Amazon, and adds VMW, since it is "going higher" as well as Garmin, which he says will be good until the holiday season. Cramer explains; "Those are all stocks that are stretched from a multiple point of view. Periodically, but not often, I'm willing to embrace a stretched multiple if I think that the estimates are explosive to the upside. In all of those stocks, I believe the estimates are way too low." However, for investors who are looking for stocks that are not overstretched and have great momentum, Cramer suggests looking to the oil sector, especially OII and FMC, which are "logical and faster-growing equivalents to RIG" as well as CLB. "Core Labs, Oceaneering and FMC are all up 100% year over year, and I'm telling you that they're still cheap," Cramer said.
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Labels: AAPL, AMZN, CLB, FTI, GOOG, GRMN, Hot Stocks, Jim Cramer, OII, RIG, RIMM, VMW, Wall Street Confidential

Google (GOOG): Today's show started with Cramer talking about Google. He talked about all the Google non-believers, and then talked about the reasons that he thinks the stock will keep going higher. He has set his price target at $750, and believes it's not too late to get into the stock right now. He thinks it is a great company and has been undervalued every day "of it's existence." He told viewers that if they're afraid to buy such an expensive stock, divide it by 10 and think of it in that sense. Buy Buy Buy!
Next Cramer listed medical device makers that he likes by building a theoretical bionic woman. The first stock he listed was Alcon (ACL) which makes eye care products. He also recommended Smith and Nephew (SNN) and Stryker (SYK). His favorite one is Stryker, which he thinks could give you a 36% gain. Stryker has some litigation pending, but once that is settled he thinks the stock will take off. He also believes that the stock will do well if the economy slows. A caller asked about BioScrip (BIOS), and Cramer said that BIOS is an interesting takeover play with solid fundamentals.
"Are You Diversified?"
The first caller asked about his core of Google (GOOG), eBay (EBAY), Wachovia (WB), Nastech (NSTK) and Southwest (LUV). Cramer said he prefers United (UAUA). He said eBay overlaps with Google. He recommended selling eBay and buying a defensive stock.
A second caller's portfolio included Wells Fargo (WFC), Lockheed Martin (LMT), Texas Instruments (TXN), Exxon-Mobil (XOM) and Dover (DOV). "Hallelujah," Cramer said. There is a picture of this caller in the dictionary next to the entry for "diversification."
He also said "hallelujah" to the third callers portfolio which included Wachovia (WB), Research in Motion (RIMM), Schlumberger (SLB), Lockheed and Lundin Mining (LMC).
BioMarin Pharmaceutical (BMRN) CEO was on the show. Cramer discussed the prospects of an upcoming drug from BioMarin and said that he is bullish on the stock.
Finally, Cramer came back and said that he was wrong about Downey Financial (DSL), which was down big today.

Labels: ACL, BIOS, BMRN, GOOG, Jim Cramer, LUV, Mad Money, Mad MOney Recap, NSTK, SNN, SYK, WFC

Sovereign Bancorp (SOV): Cramer agrees with a Friedman Billings Ramsey analyst who cut his estimates for SOV and added, "It's one of the few that I can't get behind here. I can't think of a reason to own that one." Cramer went on to say its owner "won't let anyone in."
Google (GOOG): Cramer reiterated his prediction that Google will reach $701 from $600 and asked "Why a 30 multiple when it's got 33% growth?"
Garmin (GRMN): After an upgrade by AmTech/JSA Research, Cramer said "It's going to be a "Garmin Christmas. Own this thing to Christmas, but then you have to sell it."
BEA Systems (BEAS): Reassuring his viewers that Carl Icahn is not a "dingbat" for raising his stake in BEAS, Cramer discussed the company's Chinese exposure and potential to make profitable acquisitions.
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Labels: BEAS, GOOG, GRMN, Hot Stocks, Jim Cramer, SOV, Stop Trading

Technology
Najarian noted that Hewlett- Packard (HPQ) hit a 52-week high Monday and Research In Motion (RIMM), IBM (IBM) and VMware (VMW) all traded higher. Stacey Gilbert of Susquehanna Financial Group prefers Google (GOOG) whose call options are very active on the name. Najarian agreed and mentioned the Google December $750 calls were active on Monday. Other option notes: Najarian noticed some very unusual options activity in TJX Companies (TJX) on Monday, seeing 10,000 October $30 calls trade and also stepped-up activity in the November $30 calls. Macke predicts a big winner with TJX.
Keith O'Malley, a trader with Hold Brothers, came on the show to discuss his trading ideas. He declares that the Fed is done cutting interest rates. He likes Cisco Systems (CSCO) and Fluor Corp (FLR).
CEO's
Gasparino joined the show again to discuss his thoughts on CEOs who could lose their jobs. Gasparino gave out odds for how likely Chuck Prince, Jimmy Cayne and Stan O'Neal will lose their jobs. Prince is CEO of Citigroup (C), Cayne runs Bear Stearns (BSC) and O'Neal heads up Merrill Lynch (MER). He gave Prince 2-1 odds, Cayne 6-1 and O'Neal 10-1. Gasparino also said that John Thain, CEO of NYSE Euronext (NYX), is a candidate for CEO of Citigroup. CEO of Sprint Nextel (S) Gary Forsee has left the telecommunications firm. Sprint is a takeover stock with Chinese companies being possible buyers.
Word on the Street
Yum! Brands (YUM) traded higher Monday. Macke: 41% of sales came from China and recommends investors to buy the stock here.
Aeropostale (ARO) traded lower. You can sell retailers ahead of the numbers, according to Macke.
CTC Media (CTCM), Central European Media (CETV) and Cemex (CX). Seymour found these value names in the emerging markets. Seymour is committed and long CX.
Alcoa (AA): scheduled to report earnings Tuesday after the bell. Gilbert sees better plays in the titanium makers like RTI International (RTI) and Titanium Metals (TIE). Gilbert owns TIE.
China
The Shanghai Index has gone up a whopping 300% in the past 5 years. The Communist party will try to control the rise in food prices and make comments on the income gap between the wealthy and poor in the region. Seymour suggests buying dips in the iShares FTSE/Xinhua China 25 Index (FXI) on any negative headlines.
Pops & Drops
Pops- Research In Motion (RIMM) traded up 4%. Has more room to go higher.
Valero (VLO) traded up 4% after Citigroup upgraded the stock. Seymour: A sell into the upgrade.
AK Steel (AKS) popped 11% after settling a lawsuit.
Apple (AAPL) traded up 4%. Macke: buy some stock of the iPhone maker.
China Digital TV (STV) exploded higher by 41%.

Drops- Ryder Systems (R) fell 7% after missing profit estimates.
Freeport McMoRan (FCX) dropped 2% as copper prices fell on Monday.
LDK Solar (LDK) plummeted 26% after Barron’s ran a negative story on the Chinese solar play.
Final Trade
Macke: recommends McDonald's (MCD)
Gilbert: feels positive about Titanium Metals (TIE).
Seymour: sell Banco Itau (ITU).
Najarian: likes ValueClick (VCLK).

Labels: CNBC, CSCO, Fast Money, Fast Money Recap, FLR, GOOG, HPQ, IBM, RIMM, TJX, VMW

Google Inc.'s stock price sailed past $600 for the first time Monday, extending a monthlong rally propelled by the lofty expectations surrounding the Internet search leader's upcoming third-quarter earnings report.
The Mountain View-based company's shares traded as high as $601.45 before slipping back to $600.33 in early afternoon trading, a gain of $6.28. It marked the sixth time in the past 12 trading sessions that the stock has reached a new peak, indicating investors are confident Google's third-quarter profit will be impressive. The results are scheduled to be released Oct. 18.
The latest milestone served as yet another reminder of the immense wealth created since Google went public in August 2004.
The shares have increased more than sevenfold from their initial public offering price of $85, bringing the 9-year-old company's market value to $187 billion -- more than bigger, more mature businesses like Wal-Mart Stores Inc., Coca-Cola Co., Hewlett-Packard Co. and IBM Corp.
It took 10 1/2 months for Google's stock to leap from $500 to $600 and more than a year for the journey from $400 to $500. The shares hurdled $300 in June 2005 after passing the $100 and $200 thresholds in 2004.
Analysts began predicting Google's stock would reach $600 at the start of 2006 when the shares were still hovering around $420. Some analysts already are predicting Google's stock will hit $700 within the next year, but the average target price for the stock is $614.64 among analysts polled by Thomson Financial.
Source: AP

Labels: GOOG, Hot Stocks, HPQ, IBM, KO, MSFT, WMT, YHOO

Cramer began his show Friday saying how well his "Four Horsemen of Tech"; Google (GOOG), Research in Motion (RIMM), Apple (AAPL), and Amazon.com (AMZN) are doing. "$80 to $120" stocks list. The stocks were Boeing(BA), Caterpillar(CAT), ConocoPhillips (COP), Air Products(APD), Apache(APA), Terex(TEX), and Energizer(ENR). Cramer admitted that he recommended these stocks too late in the bull market, and that most of these stocks fell after he first recommended them . They are up 5% now, and Cramer thinks that these stocks are the "perfect group." He likes CAT and TEX the best, followed by COP.
Overlooked IPOs: Masimo (MASI). Cramer believes that it has a superior product and a great recurring revenue stream with purchases of disposable parts for the medical sensor they make.
After the lightning round Cramer talked about Allergan (AGN). Cramer said people have a desire to look good, and this stock is in a great position to profit, while moving into traditional medical market. He then had the CEO of the company on the phone to discuss future earnings and sales.
Mad Mail: Cramer answered a few emails. He told viewers to ignore the downgrade on Boeing (BA) since he thinks the stock is going higher. He then answered a question about FiberTower (FTWR), which he doesn't like. In response to another emailer, Cramer said he likes Starent (STAR) because it's an intellectual property play.

Labels: AGN, AMZN, BA, CAT, COP, ENR, GOOG, Jim Cramer, Mad Money, Mad MOney Recap, MASI, RIMM

Wachovia (WB): For those who believe the homebuilding rally "has legs," WB a "steal" with 5.5% yield, said Cramer, and he predicted the stock could rise 5 points. He adds WB is the kind of bank Europeans looking for.
Apple (AAPL) and Google (GOOG): Consumers can't get enough of iPod and iPhones which are flying off the shelves. Cramer says fellow tech horseman Google's estimates are too low, and he sees the stock going to $600 from $594.
Published by SeekingAlpha

Labels: AAPL, GOOG, Hot Stocks, Jim Cramer, Stop Trading, WB