Jim Cramer's Mad Money Review

On Friday, Cramer interviewed Mitt Romney, Republican candidate for president in 2008. They talked about his business background, his plans for the country, and his campaign.
"Speculation Friday" Cramer talked about a stock that he has been bearish on since he began the show. The stock is Skechers USA (SKX), which he thinks is poised for a turnaround since it beat earnings this week with strong revenue growth and international growth. If the company can expand its margins as the CEO promised, Cramer thinks this can be a $31 stock.
Cramer then went to the phone lines. The first caller asked about Nike (NKE) and their acquisition of Umbro, which Cramer likes and wishes he hadn't sold. The next caller asked about Heelys (HLYS), and Cramer said to stay away.
Before the Lightning Round Cramer did some housecleaning. First he said that he likes Starent Networks (STAR) again, since the price has dropped down to where he first recommended it. Next he said that Synta Pharmaceutical (SNTA) is risky, but Cramer likes it a speculative play. He also said that he likes Celgene (CELG) better.
Cramer's Game Plan for next week. Since the Fed is meeting next week, Cramer focused his plan on ways to profit from the results of the meeting. He thinks we will get a half point rate cut on Wednesday. His first suggestion is Annaly (NLY) since Cramer thinks they saw the mortgage crisis coming, and were prepared to profit from it. The next stock is FMC Technologies (FTI) since it helps oil companies find more oil, and it reports earnings on Tuesday. The next stock to buy is Transocean (RIG) since it is not affected by the poor US oil drilling market, and its merger with GlobalSantaFe (GSF) will close in about a month.
Cramer said that you should buy half your position in these stocks on Monday, and then buy the rest after the Fed announcement, since there is a chance that the Fed won't cut rates and that the market goes down because of it.
Wynn Resorts (WYNN) and Las Vegas Sands (LVS). Finally, Cramer answered an email that asked about these stocks. Cramer thinks that they are both well run companies.

Labels: CELG, HLYS, Jim Cramer, Mad Money, Mad MOney Recap, NKE, SKX, SNTA, STAR

In search for good, cheap stocks after a significant market run, Cramer made a surprise find among the beleaguered supermarkets. KR is a "serial outperformer," with an earnings per share at four cents above average and raised guidance. While The Street was has been worried about supermarkets, the absence of inflation and the fact that people just don't like to buy food at WalMart has been good news for Kroger, which is not threatened by Supervalu, since despite its name, this supermarket has no future value, according to Cramer. Meanwhile, Kroger has been improving its presentation, quality, has bought back 3% of its shares and expects to continue improving margins.
Overlooked IPO: Starent Networks (STAR)
Continuing his series on overlooked IPOs, Cramer featured STAR which provides the technology which allows users to send photographs, watch videos and play games on a cell phone. Starent Networks clients include Verizon, Sprint Nextel, and Vodafone, and Cramer dubs STAR as the next Qualcomm. While the long-term growth rate is at an impressive 57%, Cramer doesn't think the price is quite right and would wait for STAR to dip a bit before buying.
Sell Block: Macquarie Bank (MBL)
While MBL has yet to commit a crime, Cramer’s faith is shaken in MBL and he would take gains right away. The bank "dramatically overpays" for its purchases and uses debt to pay for them. However, MBL does not technically own the purchases, but establishes small funds as the true "owners." MBL's debts are not recorded, but belong to these small funds. "We've made really good money here, but now it's time to take it off the table and forget about it," Cramer said.
CEO Interview: Dr. Frederic Moll, Hansen Medical (HNSN)
Dr. Frederic Moll Discussed forays into electrophysiology and robotic catheters. He is excited about the potential of this new technology, and Cramer suggests waiting for a decline to buy HNSN.
Published by SeekingAlpha

Labels: HNSN, Hot Stocks, Jim Cramer, KR, Mad Money, MBL, STAR, WMT