Jim Cramer's Mad Money Review

Parker-Hannifin (PH), Eaton (ETN), First Solar (FSLR), Emerson (EMR)
In a volatile market, Cramer suggests sticking with bullish themes that have a future. Instead of investing in a company that wants to perfect the next cool gadget, Cramer once again touted new tech stocks which can solve real problems such as energy, food, water, the environment, poverty, fighting terrorism, disease and education. PH, ETN, FSLR and EMR are developing new technologies to tackle global challenges. Cramer singled out PH for its generous, safe dividend.
Navistar International (NAVZ), Cummins (CMI)
Navistar, which has 60% market share of school buses and trucks is Cramer's favorite in the industry after CMI. NAVZ is developing hybrid diesel engines which can reduce fuel costs by 9-13% and its military division could earn $2 billion. The biggest catalyst is the company's relisting on the New York Stock Exchange. NAVZ was delisted a few years ago after facing accounting problems but should return to the exchange any week now. Cramer thinks this story is similar to Terex's which saw a doubling of its share price after cleaning up its accounting problems. Cramer predicts NAVZ, which trades at a mere 7.7 times forward earnings will jump to $104, a 51% bounce.
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Labels: CMI, EMR, ETN, FSLR, Jim Cramer, Mad Money, NAVZ, PH

InterContinental Exchange's price had risen dramatically since Cramer recommended the stock on "Mad Money," but has since returned to previous levels, Cramer said. Neither stock has responded favorably to today's news that the CME, which operates the Chicago Mercantile Exchange and the Chicago Board of Trade, is in talks to buy ICE. "What is the ICE doing down?" Cramer asked.
Cramer also believes the economy is not headed for a recession. He named earnings calls from Honeywell (HON), Caterpillar (CAT), Parker Hannifin (PH) and others as signs of the market's health.
Cramer also noted that the KBW Bank Index and the PHLX Housing Sector Index are rallying because of the rate cuts.
In spite of the positive news, Cramer said he believes more action is needed. Given "the losses that we saw for the quarterlies from a Bank of America (BAC) or a Wachovia (WB) ... I genuinely feel that we are too close to the precipice to stop.
"That doesn't mean that a Honeywell isn't doing fine without it," Cramer cautioned. "It's like 1998, when the economy was booming. ... We had to stop the decline [in the financials] ."
Cramer believes the bank woes may remain independent of the broader economy. "The problems are not with IBM (IBM) or Verizon (VZ) ... AT&T (T ) ... Nokia (NOK) ... Microsoft (MSFT)."
Cramer added that the Federal Reserve's 75-basis-point rate cut last week was helpful. "You needed that cut to be able to raise all that money last week." However, the crisis isn't over. "Home price appreciation is nonexistent. ... We saw that number today. ... The oil futures are saying no recession. I think the Fed cuts are needed again."
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Labels: BAC, CAT, HON, IBM, ICE, Jim Cramer, MSFT, NOK, PH, Stop Trading, T, VZ, WB

Caterpillar (CAT), Deere (DE), Emerson (EMR), Parker-Hannifin (PH): Cramer expressed his disappointment at CAT's conference call and said the economy is no excuse when there are companies like Deere, EMR and PH which are executing "beautifully." Cramer commented, "I don't like explanations... I want results."
Under Armour (UA): Concerning Under Armour, Cramer said, "I definitely would have vomited when I saw these insider sales." Cramer called CEO Kevin Plank's sale of 1.5 million shares for almost $90 million a betrayal of UA's shareholders and agrees with Morgan Stanley's underperform rating.
ExxonMobil (XOM) and FMC (FTI) and Core Labs (CLB): While some were predicting a horrible quarter for XOM, Cramer says it is "right back" at $92. He recommended taking a look at FMC, which dropped 10% after its report and said CLB is an "unbelievable stock" that is $8 from its high. Cramer said, "If you want a real commodity play, it's FTI and it's CLB."
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Labels: CAT, CLB, DE, EMR, FTI, Jim Cramer, PH, Stop Trading, UA, XOM

Bullish calls:
CME Group (CME): "The stock has been marking time. ... I think when we see the quarter it's going to be a rally like you wouldnt believe ... I say buy one share. ... It's a coiled spring." EMC (EMC): "We are looking at six months before EMC fully reflects the price of VMware." Parker-Hannifin (PH): "A remarkable company ... businesses are spread out. When it got to 80, I said it could go to 120. I reiterate that's where it's going." Union Pacific (UNP): "I like the rails ... and I'm going to send you to Union Pacific." Burlington Northern Santa Fe (BNI) Texas Instruments (TXN):" … is a monster good company to own at this point in the cycle." Nokia (NOK): Freeport-McMoRan (FCX): "I'm sending you to FCX." Goodyear Tire (GT): "I like the other side of the trade. I like the oil stocks." Rosetta Resources (ROSE): "Too cheap ... knocked down on litigation. Pull the trigger Rosetta." Crocs(CROX) Sirius Satellite Radio (SIRI)
Neutral calls:
Sears Holdings (SHLD): "Until we fix the housing morass, you're not going to make a lot of money in Sears. I'm in a holding pattern with Sears."
Bearish calls:
Delta Air Lines (DAL): "I don't want to own any airline here. I am a believer that oil is not done going up." Warner (TWX)
Comcast (CMCSA) Charter Communications (CHTR)
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Labels: BNI, CHTR, CMCSA, CME, CROX, DAL, EMC, FCX, GT, Jim Cramer, Lightning Round, NOK, PH, ROSE, SHLD, SIRI, TWX, TXN, UNP

Bullish Calls:
CME Group (CME): Cramer referred to CME as a "coiled spring" that will go up after it announces earnings. EMC (EMC): EMC's stock price isn't reflecting the value of VMware (VMW), but Cramer thinks it will in about 6 months. Cramer thinks Freeport-McMoRan (FCX) is the best stock in the copper sector. Parker-Hannifin (PH): Cramer thinks this stock is a winner. Burlington Northern (BNI): Cramer likes the rail sector, but he thinks Union Pacific (UNP) is a better play than BNI. Texas Instruments (TXN): Cramer thinks this is a good company to own. Goodyear Tire (GT): Cramer likes this better than Michelin, but he would rather be in oil service plays rather than oil consumers. Rosetta Resources (ROSE): Cramer says to "pull the trigger." Sears Holdings (SHLD): Cramer says to hold it if you already own the stock, and to stay away if you are thinking about buying.
Bearish Calls:
Delta (DAL): Cramer said, "I don't want to own any airline here," because he thinks oil is going higher. Alpha Natural Resources (ANR): Cramer is staying away from the coal sector until new carbon dioxide regulations are passed. Cramer says stay away from Peru Copper (CUP).

Labels: ANR, BNI, CME, CUP, DAL, EMC, FCX, GT, Jim Cramer, Lightning Round, Mad Money, PH, ROSE, SHLD, TXN, UNP, VMW

Transocean (NYSE: RIG - News), Halliburton (NYSE: HAL - News), and Schlumberger (NYSE: SLB - News): John Roque is a "man to be reckoned with," according to Cramer, who said he would take a look at Roque's three favorite natural gas plays. Cramer comments RIG reminds him of SLB in the early 80s when it experienced "one of the greatest runs I've ever seen in my career." He still likes HAL in spite of its "frustrating" slow performance.
Intel (NasdaqGS: INTC), Pfizer (NYSE: PFE - News), Glaxo (NYSE: GSK - News), Deere (NYSE: DE - News), Caterpillar (NYSE: CAT - News), Parker-Hanifin (NYSE: PH - News), Foster-Wheeler (NasdaqGS: FWLT): Cramer says tech and drug sectors are seriously "challenged" while "the sky's the limit" for DE, CAT, PH, FWLT, and the agriculture and machinery space in general. On the other hand, Cramer said "Forget the Intels," and said of PFE; "They fire everybody and it's up a penny!" He would also avoid GSK.

Labels: CAT, DE, GSK, HAL, Jim Cramer, Jim Cramer's Stop Trading, pfe, PH, RIG

OM Group (NYSE: OMG - News), Fuel Tech (NasdaqGM: FTEK), Foster Wheeler (NasdaqGS: FWLT), Shaw Group (NYSE: SGR - News)
Completing his week-long segment which featured "green" stocks, Cramer unveiled his two favorite environmental companies: OMG and FTEK. OMG has 25% of the world's supply of cobalt which is used for hybrid car batteries. Cramer predicts cobalt should remain stable or go higher, especially since there are no new sources until 2009. OMG also has exposure to copper, which Cramer thinks will become more valuable, and is fixing its balance sheet. While he recommended FWLT and SGR earlier in the week as clean power picks, Cramer says they are for conservative investors, but for those who are looking for some risk, he likes FTEK as the ultimate speculative Green Day play. The company has technology to make coal power cleaner by reducing nitrogen-oxide emissions and has been getting "contract after contract." Since 49% of electricity in the US is derived from coal, and ethanol is not yet efficient, FTEK is "pretty important." On a general note, Cramer said even though the market is up, he is still bullish; “I am not exaggerating when I say the best is yet to come. We are going to be up 17%" this year."
Picks for the Week Ahead: VF Corp. (NYSE: VFC - News), Parker-Hannifin (NYSE: PH - News), Eaton (NYSE: ETN - News), Honeywell (NYSE: HON - News), Akamai Technologies (NasdaqGS: AKAM), Apple (NasdaqGS: AAPL), Boeing (NYSE: BA - News), PepsiCo (NYSE: PEP - News), Allegheny Technologies (NYSE: ATI - News), Exxon Mobil (NYSE: XOM - News), Halliburton (NYSE: HAL - News), Level 3 Communications (NasdaqGS: LVLT), NYSE (NYSE: NYX - News), Cummins (NYSE: CMI - News), National Oilwell Varco (NYSE: NOV - News)
While Monday will be quiet, Cramer says there will be a lot going on the market for the remainder of the week. On Tuesday, VFC and PH will report, and he expects an upside for both companies since VFC is a "Benefit of the Doubt" play, and he predicts PH will ride the wave with ETN and Honeywell. Wednesday will be busy, and Cramer limited his picks to five; he would buy Akamai for its streaming video and Apple for its iPhone ahead of their earnings reports, BA because it is going to $100, and ATI which will report a "giant number" and Pepsi. On Thursday, he would take a look at XOM, which will report, as well as HAL and LVLT, both of which have "lagged” but may run. Cramer's growth stock of the year, NYX, also reports on Thursday. Cummins and NOV are on the agenda for Friday and are “not done going up"
Mad Mail: Lamson & Sessions (NYSE: LMS - News), Charter Communications (NasdaqGM: CHTR), Dynegy (NYSE: DYN - News), Rite Aid (NYSE: RAD - News)
Cramer likes LMS as a potential acquisition and predicts the risk/reward is 1 point down and 6 points up. Concerning the CNBC 's Million Dollar Portfolio Challenge, Cramer said his favorite stocks are CHTR, DYN and RAD as "great single-digit plays and LVLT as a "good game name."
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Labels: AAPL, AKAM, ATI, BA, CMI, DYN, HAL, Jim Cramer, LMS, Mad Money, NOV, NYX, OMG, PEP, PH, RAD, SGR, VFC, XOM

JPMorgan Chase (NYSE: JPM - News): 'I think that the company itself is really good. At $47, nice 9% pullback. Probably worth buying, but let me tell you something... It doesn't yield 3%... 'Bank of America (NYSE: BAC - News): 'I've got BAC that yields 4% ... This stock should pull back .... If it goes below $20, then you do a little buying. 'Jones Soda (NasdaqCM: JSDA): 'But JSDA, other than HANS, is the fastest grower out there. I'm doing a lot of work on JSDA... Do not lose sight of that!'Hansen Natural (NasdaqCM: HANS)Accuray (NasdaqGM: ARAY): 'I think you're fine.'Harsco (NYSE: HSC - News): 'I think that this is a quintessential great industrial management company ... that's the kind of stock to buy right here. HSC, only about $1 off its high, but notice how it's held up. It is not that linked to housing. It is mostly industrial equipment.'Cummins (NYSE: CMI - News)Parker-Hannifin (NYSE: PH - News)Caterpillar (NYSE: CAT - News)Terex (NYSE: TEX - News)Lamson & Sessions (NYSE: LMS - News): 'Remember, I felt that this company is a natural to be acquired. They are in talks ... I think this company is worth substantially higher than where it's selling ... I am not worried about the earnings, and the P/E is very low. In other words, continue to buy LMS... 'VeriFone (NYSE: PAY - News): ' I think that PAY - which is linked to retail - is a fabulous stock. I am surprised it's come down this much from its high. I actually want to load up the truck with PAY right here. That's too cheap!'Charter Communications (NasdaqGM: CHTR): 'Do not lose heart! This is a play off of what I regard as being the 'virtuous circle' of being able to refinance, now that rates have come down... CHTR is good ... I want you to buy it.'Comcast (NasdaqGS: CMCSA)Time Warner (NYSE: TWX - News)Allegheny Technologies (NYSE: ATI - News): 'Don't forget that you need ATI steel when you build an ethanol plant, and that stock's off nicely from its high. I'm pulling the trigger right here!'Disney (NYSE: DIS - News): 'DIS is doing very well, it's got superior management. It's pulled back $1.50. I'll pull the trigger on DIS.'
Bearish calls:
Six Flags (NYSE: SIX - News): 'is a speculative stock ... I did not put that in the same league as DIS... I will wait until we go to Six Flags, before I will make the determination.'
Bearish calls:
Valero Energy (NYSE: VLO - News): 'I am beginning to think that VLO has had its run. Sell, sell, sell!'
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Labels: ATI, BAC, CAT, CMI, DIS, HSC, Jim Cramer, JPM, LMS, PAY, PH, SIX, TEX, TWX, VLO