Jim Cramer's Mad Money Review

"Retail's a different animal when things get bad," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC. "When we get double-digit unemployment, everything goes."
He said the dollar stores, such as Family Dollar(FDO), are the only thing that might be safe. Not even Sears(SHLD), which he said is not over-leveraged and has a "really good" balance sheet, can avoid the fate of retailers such as Saks(SKS).

"Why should Sears be immune from this?" he said.

"Eddie's my friend," said Cramer, referring to Sears Chariman Eddie Lampert, but "he's got Home Depot(HD) going against him and Lowe's(LOW) going against him."

Addressing big oil, Cramer said that Exxon Mobil(XOM) is his tell. Cramer said that when oil was at $80 to $100, stocks such as Exxon "telegraphed a dramatic decrease in oil" to $60.

Exxon "predicted everything that happened, and it was six months ahead of everything," he said. "And that stock's done going down."

If Exxon was right before, Cramer said, it might be right again. Now he sees a bottom for oil in the $50s and a $2 bottom in gasoline. "You have to believe that oil might be bottoming, because that's what the stocks told you before," he said. He also mentioned that Anadarko (APC) "has moved up lately."
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Labels: Anadarko, CNBC's Stop Trading, Exxon Mobil Corp., Family Dollar, FDO, HD, Home Depot, Jim Cramer, LOW, Lowe's, Sears Holding, SHLD, SKS, Stop Trading, XOM

On news that EnCana (ECA) would be splitting into a natural gas firm and an integrated oil company, Cramer said several other companies might make a similar move. He pointed to Anadarko (APC) and ExxonMobil (XOM).
"My urging is you go over these companies," Cramer said. "They all have oil, and they've all got gas businesses." He advised against chasing the stocks higher, but said that inventory numbers could send these stocks down, creating a buying opportunity.
Cramer also discussed Toll Brothers (TOL) CEO Bob Toll, who will be appearing on "Mad Money" tonight. Cramer praised Toll for always being "straight with me." He said the homebuilding CEO is "not bullish at all." Cramer said he would ask Toll why he is talking about buying more land, a move of which Cramer is skeptical.
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Labels: APC, ECA, Jim Cramer, Mad Money, TOL, XOM

Exxon (XOM), Conco-Phillips (COP), Schlumberger (SLB), Ultra Petroleum (UPL), Apache (APA), Anadarko (APC), XTO Energy (XTO), Arch Coal (ACI), Peabody Energy (BTU), First Solar (FSLR), Applied Materials (AMAT), MEMC Electronics (WFR), Mosaic (MOS), Deere (DE), CSX (CSX), Chicago Bridge and Iron (CBI), Jacobs Engineering (JEC), Shaw Group (SGR)
Contrary to popular belief, retail did not cause the rally in the Dow and the Nasdaq, but the culprit was oil, which is the umbrella that makes everything work. Not only did oil stocks like XOM, COP and SLB do well, but Cramer says oil will fuel other stocks the energy sector such as UPL, APA, XTO, ACI and BTU, as well as alternative energy plays FSLR (which reported a better-than-expected quarter and historically fabulous upside guidance), AMAT and WFR. Cramer considers ag stocks as members of the energy sector, given the development of ethanol, and would look at MOS, DE. He added rail such as CSX, and infrastructure, CBI, JEC and SGR will also rise with the oil umbrella.
Conviction Stock: FMC Corp (FMC)
A rally one day may spell a down day the next, and it is hard to know what a stock is really worth in this mad market, said Cramer. He was looking for a conviction stock which could give a little bit of certainty about what it was worth, and came up with FMC, a soda ash company in an underexposed sector which is currently enjoying a silent bull market. Soda ash is used to make glass, brick, water softener and most importantly, agricultural chemicals. Cramer says he feels certain that FMC will reach $70, a 30% upside.

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Labels: ACI, AMAT, APA, APC, BTU, CBI, COP, CSX, DE, FSLR, JEC, Jim Cramer, Mad Money, MOS, SGR, SLB, UPL, WFR, XOM, XTO

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 up 51 points and the S&P 500 finished up 6 points. Crude oil is closing in on $100 as we near Thanksgiving. John Kilduff, an analyst at MF Global, joined the show to discuss his take on oil. He predicts the top on crude could be in area of $108 to $110. Adami favors Chevron (CVX), which he feels is cheaper then ExxonMobil (XOM). He advises looking at refiners like Tesoro (TSO) here. Finerman owns Tesoro and she is also looking at buying ConocoPhillips (COP).
Regional airlines are benefiting from the delays and congestion at larger airports. Airlines like Midwest (MEH) and Allegiant (ALGT) are benefiting from this trend. Adami says the way to play this trend is to buy the private jet makers like Textron (TXT), General Dynamics (GD), Embrear (ERJ) and Honeywell (HON).
For Defensive stocks Najarian likes Merck (MRK), Genentech (DNA) and Biogen (BIIB). However, Finerman would get defensive with names like Altria (MO) and Kraft (KFT). Adami also recommends Altria, Unilever (UL) and Procter & Gamble (PG).
Word on the Street
Target (TGT) reported a 4.4% fall in profits.
Whole Foods Market (WFMI) reported a decline in fourth-quarter profits, but sales top Wall Street estimates.
Google (GOOG) trades up 4% after Credit Suisse raised their price target to $900. Najarian believes names like Research In Motion (RIMM), Google and Apple (AAPL) are starting to show strength again. He would look to get back into these stocks around these levels. Adami prefers Microsoft (MSFT).
Najarian would keep an eye on ISIS Pharmaceuticals (ISIS) and Sangamo Biosciences (SGMO).
Pops & Drops
Pops - Barnes & Noble (BKS) traded up 13% after reporting higher internet sales.
Exxon (XOM) traded up 4% after UBS upgraded the stock.
Kraft (KFT) traded up 2%.
Utilities EFT (XLU) traded up 1%.
Drops - Office Depot (ODP) fell 7% after reporting a 9% decline in profits.
Echostar (DISH) fell 7%
Ericsson (ERIC) fell 12%
Hovnanian (HOV) fell 9%.
GameStop (GME) fell 4% after the video game maker missed analyst estimates.
Saks (SKS) fell 2% after missing estimates.
Final Trade
Macke likes the price action in Microsoft (MSFT).
Adami recommends Freeport McMorRan (FCX).
Finerman says to short the iShares Dow Jones US Real Estate ETF (IYR).
Najarian would purchase Pulte Homes (PHM) for a short term buy.

Labels: ALGT, BIIB, CNBC, CNBC's Fast Money, COP, CVX, DNA, erj, Fast Money, GD, HON, KFT, MEH, MRK, PG, TGT, TSO, TXT, ul, XOM

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

Major U.S. stock indexes fell nearly 2 percent on Friday after heavy-equipment maker Caterpillar Inc cut its profit forecast and warned the housing slump was spilling over into other parts of the economy.
With investors mindful of the 20th anniversary of the 1987 stock market crash, the Dow and the S&P tumbled as Caterpillar said the U.S. economy will be "near to, or even in, recession" next year.
Caterpillar also said several of the key U.S. industries it serves were already in recession.
The bleak comments from the economic bellwether, whose stock fell 5.4 percent, helped drag down the shares of other big manufacturers, including 3M Co. , and contributed to investors' shift from stocks to the relative safety of U.S. government debt.
A drop in revenue at Schlumberger Ltd , the world's largest oil service company, sent its shares down 10.4 percent. Energy companies such as Exxon Mobil fell, as oil prices retreated from record highs.
"It's been a pretty tough day," said Linda Duessel, market strategist at Federated Investors, in Pittsburgh. "People are saying there could be a recession because Caterpillar gave some cautionary comments."
The Dow Jones industrial average was down 282.80 points, or 2.04 percent, at 13,606.16. The Standard & Poor's 500 Index <.SPX> was down 29.85 points, or 1.94 percent, at 1,510.23. The Nasdaq Composite Index <.IXIC> was down 53.76 points, or 1.92 percent, at 2,745.55.
Shares of 3M Co fell 7.3 percent to $87.85 on worries about falling profits in the LCD television market. Caterpillar fell 5.6 percent to $73.32. Investors watch large manufacturers like 3M and Caterpillar for clues on the strength of the U.S. economy.
The S&P financial index <.GSPF> was on track for its first weekly drop since the Federal Reserve cut interest rates on Sept. 18 -- a cut that was meant, in part, to allay concerns about the effects of the credit crunch.
Wachovia Corp , the fourth-largest U.S. bank, posted a 10 percent drop in quarterly profit, hurt by $1.3 billion of write-downs at its investment banking unit as credit markets tightened. Wachovia fell 2.8 percent to $46.81 on the New York Stock Exchange.
Exxon Mobil Corp shares dropped 2.3 percent to $92.89 as U.S. crude shed 86 cents to $88.61 after rising to a record $90.07 a barrel overnight. Schlumberger shares dropped 10.4 percent, or $11.62, to $100.00.
The market's decline coincided with the 20th anniversary of "Black Monday," when the Dow industrials fell nearly 23 percent on Oct. 19, 1987.
Published by Reuters

Labels: CAT, Dow Jones, MMM, Nasdaq, NYX, SLB, Wall Street, WB, XOM

Wall Street traded mixed Tuesday, selling off large companies' stocks but buying up those of smaller companies, as investors cashed in gains from Monday's big rally and poked around for new bargains.
Investors were only slightly fazed by the National Association of Realtors' report Tuesday that its seasonally adjusted index of pending sales for existing homes fell 6.5 percent in August from July and 21.5 percent from a year ago. The data suggest sales of existing homes will probably keep declining in the coming months -- bad news for the economy, but good news for those hoping for another interest rate cut.
After the Federal Reserve lowered rates on Sept. 18, the stock market is hoping for a similar move again at the Fed's Oct. 30-31 meeting. That optimism drove the Dow Jones industrial average up nearly 192 points Monday to close at 14,087.55 -- a new high and its first foray above the 14,000 level since mid-July, right before a credit market squeeze triggered a stock selloff.
On Tuesday, the Dow fell as investors sold some of their large-cap stocks, such as Honeywell International Inc., ExxonMobil Corp. and United Technologies Corp., which have recently performed well. Also, with commodities prices retreating and the dollar rebounding, big oil and mining companies -- such as Exxon Mobil -- may see smaller profit margins.
"The economy is soft, you have this big run-up, and the fact is people are just taking some profit," said Scott Fullman, director of investment strategy for I. A. Englander & Co. "There's not a ton of news to trade on, and investors are also looking ahead to the unemployment report on Friday."
Meanwhile, small-cap stocks rose as investors returned to companies that were unattractive during the summer's tight credit environment and now appear cheap.
"Larger-cap companies don't need to do borrowing. After the rate cut, those who believe there will be another rate cut would want own smaller-cap stocks," said Matt Kelmon, portfolio manager of the Kelmoore Strategy Funds.
In late afternoon trading, the Dow fell 56.01, or 0.40 percent, to 14,031.54.
Broader stock indicators were mixed. The Standard & Poor's 500 index fell 2.52, or 0.16 percent, to 1,544.52, while the Nasdaq composite index rose 0.94, or 0.03 percent, to 2,741.93.
Source: Madlen Read, AP Business Writer

Labels: ABX, C, CBH, GM, HON, NEM, TD, UTX, XOM

Bullish:
Cisco (CSCO): if you want to be in tech.
J.C. Penney (JCP): He thinks that this stock is undervalued and is a buy at this price.
Integrated oil companies like ConocoPhillips (COP), Chevron (CVX), and Exxon Mobil (XOM) are better plays.
American Eagle (AEO), Abercrombie & Fitch (ANF) or Aeropostale (ARO), in that order.
Kellogg (K): Cramer is bullish on Kellogg, as well as General Mills (GIS) and ConAgra (CAG).
Cramer is sticking with Baidu.com (BIDU) as the best China play.
Cramer likes NVIDIA (NVDA), Texas Instruments (TXN), and Intel (INTC)

Bearish:
Xerox (XRX)
American Capital Strategies (ACAS): Cramer's undecided on the stock, so he's avoiding it.
Tesoro (TSO): Cramer thinks gas prices aren't high enough to be in a refiner,
Luxottica (LUX): "Don’t buy!"
Hot Topic (HOTT)
Aluminum Corp. of China (ACH)
American Superconductor (AMSC)

Labels: ACAS, AEO, ANF, ARO, BIDU, CAG, COP, CSCO, CVX, GIS, INTC, JCP, Jim Cramer, Lightning Round, Mad Money Lightning Round, NVDA, TXN, XOM, XRX

Cramer opened saying the Fed "knows something" and retired his "they know nothing button," in response to the Fed lowering interest rates by 0.5%. They also decreased the discount rate by 50 basis points to 5.25%. Cramer also believes there are "three more rate cuts" to come in the future, which will lead the market to recovery. Look for stocks that yield more than treasuries. In terms of stocks, Cramer said, "almost everything works now," and you should consider buying the following stocks:
Wachovia (WB) "should go higher."
Google (GOOG), Cramer believes is going to break out.
Foster Wheeler (FWLT), Deere (DE), Caterpillar (CAT- which Cramer owns for his charitable trust Action Alerts PLUS) should work now as well.
ExxonMobil (XOM) and ConocoPhillips (COP)—should both work for oil.
Bullish Icahn: one of his favorite activist investors is "proven winner" Carl Icahn. Cramer says Icahn's been "extremely bullish" on one big software company: BEA Systems (BEAS). Icahn wants BEAS to sell because they haven't been able to prosper as a stand-alone company. Bottom line: Cramer likes fundamentals of BEAS, takeover is potential, and is a company with "limited downside."
Prescription Plan: Cramer discussed a bill that passed in Congress that will require doctors to use either tamper resistant paper or electronic records. He thinks will benefit Quality Systems (QSII) and All Scripts (MDRX).
Genesis Lease (GLS), CEO John McMahon on the show and Cramer asked him why his company is not doing well, despite the fact that its’ 8.2% yield. McMahon said, “mispricing of the stock.” Cramer recommends buying GLS.

Labels: BEAS, CAT, COP, FWLT, GLS, GOOG, Jim Cramer, Mad Money, Mad Money Lightning Round, MDRX, QSII, WB, XOM

Procter & Gamble (PG): Procter & Gamble is cheap to the mid-$70s. Stay in it.
Dominion (D): Cramer gives it the triple buy!
Omniture (OMTR): "Stock is going to $35. Do not sell."
Boeing (BA): Sotck goes to $120. Boeing "all aboard."
Ceragon Networks (CRNT): "Just go buy Cisco (CSCO)"
Intuitive Surgical (ISRG): Wait until you have $10,000 or more. Cramer endorses the stock.
Archer Daniels Midland (ADM): Buy Deere (DE), Monsanto (MON), and Bunge (BG) instead. "52 week high."
Seagate (STX): Cramer doesn't like the disk drive stocks, and thinks you should go with Intel (INTC) or Hewlett-Packard (HPQ).
Chevron (CVX): Cramer thinks you have to own the stock unless you own ExxonMobil (XOM) or ConocoPhillips (COP).

Labels: ADM, BG, COP, CRNT, CSCO, CVX, D, DE, HPQ, INTC, ISRG, Jim Cramer, Lightning Round, Mad Money, MON, OMTR, PG, STX, XOM

Wall of Shame: Citigroup (C), Syntax Brillian (BRLC), Alcatel Lucent (ALU)
Cramer, equal opportunity critic of bad CEOs described three current Wall of Shame chiefs who disgraced themselves even further last week. Cramer owns Citigroup for his charitable trust and has been on a crusade to have CEO Chuck Prince removed, because the bank's management is the worst he has ever seen due to unwise investments. Only their huge deposit base will save them. However, Cramer would hold Citigroup, because he feels it has potential. BRLC dropped 35% last week thanks to chief Vincent Sollito's passing the buck to Asian partners after the company failed to meet earnings expectations, according to Cramer, who added he resents the way Sollito painted a rosy picture of the company when he appeared on Mad Money. Cramer commented on Patricia Russo's remarkable lack of execution as the company's orders shrink amid a telco boom benefiting ALU's competitors. He would sell BRLC and ALU.
Outfoxing the Fed: Coca-Cola (KO), PepsiCo (PEP), Kellogg (K), General Mills (GIS), Wachovia (WB), Goldman Sachs (GS), Morgan Stanley (MS)
Cramer discussed three scenarios: the Fed would not cut rates and create Armageddon, or would introduce a quarter or a half-point cut, either of which will not yield good results. Insisting that the Fed needs to cut rates a full point, Cramer said lesser cuts will lead to hard selling, and it is a good time to look at classic defensive stocks such as KO, PEP, K, and GIS. A half-point cut on Tuesday means it is time to buy solid financial stocks such as WB, MS and GS.
Fantasy Football Stocks: Exxon Mobil (XOM), Medco Health Solutions (MHS) Enterprise Products Partners (EPD), was Research In Motion (RIMM), Freeport-McMoRan Copper & Gold (FCX)
To conclude his fantasy football series, Cramer revealed his team picks on Friday. His quarterback was XOM which, like Peyton Manning of the Colts, is expected to match last year's great performance. MHS is a strong defensive play that could go to $100 and is as dependable as the New England Patriots. With a 6.5% yield and a good combination of safety and defense, EPD was Cramer's pick for tight end, and reminded him of Jason Witten of the Dallas Cowboys. RIMM is doing fabulously be every metric and could double again. Cramer compared the company's potential growth to that New England Patriot wide receiver Randy Moss. FCX can survive a difficult economy, according to Cramer, and its gold business should do well in China. He picks FCX as his running back, similar to LaDainian Tomlinson of the San Diego Chargers.
Mad Mail: Caterpillar (CAT), EMC (EMC) and VMware (VMW)
Cramer told one writer that CAT is a good CEEMEA (Central and Eastern Europe, Middle East and Asia) play. Another writer questioned the need to diversify in a tech boom, and said 65% of her portfolio was made up of tech stocks. Cramer reminded her of the dot.com fiasco in the 90s. Finally, a writer asked Cramer why he preferred owning EMC to VMW. He replied that EMC benefits from the success of VMW but is cheaper and safer.
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Labels: ALU, BRLC, C, CAT, EMC, EPD, FCX, GIS, GS, Jim Cramer, K, KO, Mad Money, MHS, MS, PEP, RIMM, VMW, WB, XOM

ExxonMobil (NYSE: XOM - News): Cramer predicts XOM will fall from $86.70 to the low to mid $80s in the next few days. He would buy, since crude oil is at $77, and the stock will bounce back in spite of its lackluster quarter. Cramer commmented XOM should behave like an oil company and keep drilling instead of like a bank.
Annaly Capital Management (NYSE: NLY - News): Cramer says the REITs are "on fire" and would buy NLY because of CEO Mike Farrell; "This is his time. We've been waiting for it to be his time..."

Labels: Jim Cramer, NLY, Stop Trading, XOM

Greed is Bad: Caterpillar (NYSE: CAT - News), Google (NasdaqGS: GOOG - News), Texas Instruments (NYSE: TXN - News), NVidia (NasdaqGS: NVDA - News), Advanced Micro Devices (NYSE: AMD - News), Corning (NYSE: GLW - News), Apple (NasdaqGS: AAPL - News), Bunge (NYSE: BG - News), Celgene (NasdaqGS: CELG - News), Cummins (NYSE: CMI - News),Level 3 Communications (NasdaqGS: LVLT - News), Chevron (NYSE: CVX - News) and ExxonMobil (NYSE: XOM - News), Countrywide Financial (NYSE: CFC - News), Amazon (NasdaqGS: AMZN - News), Boeing (NYSE: BA - News), Colgate (NYSE: CL - News), ConocoPhillips (NYSE: COP - News),
Cramer's said his Game Plan is a bit different this week; he is listing stocks reporting next week, but wants viewers to buy only one (Corning) before its report. While he is bullish in general and still believes the Dow will hit 14,500 by the end of the year, he admits things have been a bit precarious with the disappointing Google and CAT quarters, and suggests taking some profits to avoid being dangerously greedy. Cramer calls Google a "show me" company which has to prove that it can monetize its new hires, or face a decline. While he had faith in CAT for its international exposure, the culprit was "housing, which is so horrible that it brings down anything it touches." However, he thinks the stock will regain its momentum and eventually reach $120. Cramer discussed next week's earnings reports:
Monday: Cramer would buy TXN, his favorite semiconductor, if there is a decline after the report. He suggests selling some NVDA, which is up 6 points, and would buy some back if it gets knocked down by AMD's analyst meeting.
Tuesday: CFC is "the biggest and best view" of how housing really is .... "its really bad," and remarked that the Fed will only notice when a bank, broker or major homebuilder goes under. "Hobbled horseman" Amazon will be viewed negatively no matter what it says, so Cramer would buy on a decline.
Wednesday: BA's consistency during the selloff was impressive, said Cramer who predicts the stock is going to 120. He added if it drops to below $100 before its report, he might buy. While CL is a "classic weak dollar" play, it is a bit high. While COP may face a downgrade, Cramer would buy it on a decline because he predicts it will reach $120. Cramer called GLW "the gold star" and said it is the only stock he would buy ahead of its quarter next week, because doesn't think the company would raise its dividend and buy back stock right before a major disappointment. Cramer would sell some Apple since "hogs get slaughtered."
Thursday: Since Bunge rose after last quarter's decline, Cramer predicts a repeat performance and would buy Bunge when it drops. Cramer likes Celgene long-term and recommends picking some up when it declines. Although he thinks Cummins is not finished with its run, he would take some profits, especially after CAT's upset. No one will like Level 3 Communciation's quarter, said Cramer, and he would buy this stock which is a great play on internet video.
Friday: "Wake up and smell the gasoline!" said Cramer, remarking it is greedy to stay in CVX and XOM without selling a little.
French Foreign Legion of Oil Companies: Total S.A. (NYSE: TOT - News)
Cramer continued his series on European stocks with Total, a massive integrated oil with strong production and refining assets in 27 countries. He thinks TOT is as good as Exxon, better than Chevron, and is cheaper than other major oil companies. He also thinks TOT is better and cheaper than European oils BP and Shell. TOT has a 13% stake in Sanofi Aventis, the French drug company, and Cramer hopes TOT will sell some and use the cash for "oil-related activity."
On Speculation: Tessera Technologies Inc. (NasdaqGS: TSRA - News)Cramers speculative pick for Friday is TSRA, which specializes in miniature technologies, which is a hot area since 80% of the Dram memory industry uses TSRA's technology. TSRA licenses its technology, so it has no inventory to move, and since Microsoft's Vista will be memory-intensive, there will be more demand for TSRA's technology. While the company is involved in a lot of lawsuits, TSRA is winning the cases and protecting its intellectual property. Finally, the 20x multiple is cheap considering its 31% growth rate.
CEO Interview: CEO T.J. Rodgers Cypress Semiconductor (NYSE: CY - News) and SunPower (NasdaqGM: SPWR - News)
Cramer congratulated Rodgers on a "magnificent quarter" and added that CY would be undervalued at $800 million if it spun off its power systems and services company, SunPower. Rodgers responded that while investors sometimes give him "heat" about holding on to SPWR, "the overall value of the company is reasonable." Cramer called Rodgers a visionary and a moneymaker.
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Labels: AAPL, AMD, AMZN, BA, BG, CAT, CELG, CFC, CMI, CVX, CY, GLW, GOOG, Jim Cramer, LVLT, Mad Money, NVDA, SPWR, TXN, XOM

Six Bulls: John Deere (NYSE: DE - News), Monsanto (NYSE: MON - News), Sociedad de Chemica (NYSE: SQM - News), Caterpillar Inc. (NYSE: CAT - News), Terex (NYSE: TEX - News), Manitowoc (NYSE: MTW - News), Foster Wheeler (NasdaqGS: FWLT - News), McDermott International (NYSE: MDR - News), Jacobs Engineering (NYSE: JEC - News), Boeing Co. (NYSE: BA - News), Halliburton (NYSE: HAL - News), Royal Dutch Shell (RDS-A), Exxon Mobil (NYSE: XOM - News), Freeport McMoran (NYSE: FCX - News), Lundin Mining (AMEX: LMC - News)Cramer dedicated the program to discussing six bull markets and recommending stock picks for each sector.Agriculture: Cramer commented on a "disturbing" editorial in the New York Times which called for an end to agricultural subsidies, but he is confident the policy will never be enacted. Cramer calls Deere "money in the bank" and notes that it sells at 16x earnings and has a 12% growth rate. While Monsanto, which trades at 35 x earings "will never be cheap," Cramer says its 24% growth rate is worth the price at $60, and he would buy it up to $70. The Chilean fertilizer company, SQM, is the world's largest supplier of lithium which goes into batteries and will be in shorter supply as "the greening movement reaches its nauseating zenith."Machinery While he confesses amazement that CAT is stalled, Cramer says it is "preposterously cheap" trading at 13x earnings with 12% growth. He adds CAT has great international exposure, will benefit from the collapse of its Japanese competitors, and is a solid infrastructure play. While he also likes TEX and MTW, Cramer thinks CAT is still best-of-breed.Infrastructure: Cramer calls this the "wildest" bull market which will benefit from oil prices and the need to create alernative power plants and petroleum infrastructure. Even though Foster Wheeler and McDermott International have had "tremendous runs" Cramer notes FWLT sells at just 17x next years earnings with 34% growth, and MDR has 14% growth and sells at 17x earnings. He adds these stocks do not get enough coverage on Wall Street, and would buy them. Cramer gives Jacob's Engineering and honorable mention, although is more expensive than the other two.Aerospace:Boeing is up only 10% when the rest of the sector has risen 22%, and Cramer comments, "It's a laggard. It should be leading." Boeing sells at 20x earnings and has 18% growth. He thinks the company has a good future given the health of the sector, its international business, and some "amazingly-terrible problems at AirBus."Oil and Gas: After a run for this sector, it was down on Tuesday; "People are just thinking it's over, because oil is down 2 bucks," said Cramer and he expressed confidence that the sector would bounce back. In spite of its "giant" buyback, "robust" outlook for oil and gas and its international exposure, Cramer notes HAL is down 12% from last year. Cramer likes Royal Dutch Shell with 10x earnings, 8% sales growth, and a yield at nearly 4%. While Exxon Mobil was down on Tuesday, it is still "a go-name for big institutions."Minerals: Cramer says rumors of full copper inventories are "nonsense," because the Chinese need more copper. He likes copper play FCX and says its gold is a good hedge against inflation. He notes the company sells at only 9x earnings, but he predicts a 12x multiple. Cramer added the quarter was not good due to strikes and the cost of its Phelps Dodge deal, but predicts it will benefit from copper demand. He also likes Lundin which he thinks will go from $12 to $15 on the Tenke Mining deal in late June.Published By SeekingAlpha

Labels: BA, CAT, DE, FCX, FWLT, HAL, JEC, Jim Cramer, LMC, Mad Money, MDR, MON, MTW, SQM, TEX, XOM

Wall Street eked out a modest gain Tuesday as investors, wary about the upcoming release of the Federal Reserve minutes, bought cautiously amid a series of new takeover deals and upbeat consumer confidence figures.
Stocks drew support from news that a consortium of banks led by Royal Bank of Scotland PLC said it will bid 71.1 billion euros, or $95.5 billion, for the Netherlands' ABN Amro, besting an offer from Barclays PLC. Other takeover news included an announcement that Tishman Speyer Properties and Lehman Brothers Holdings Inc. are buying Archstone-Smith Trust for at least $13.5 billion.
But trading was erratic with the minutes from the Federal Reserve's last meeting scheduled to be released Wednesday. The minutes could provide some insight into future interest rate moves. Wall Street also digested strong consumer confidence data, and a report on housing prices. According to preliminary calculations, the Dow Jones industrial average rose 14.06, or 0.10 percent, to 13,521.34.
The Standard & Poor's 500 index rose 2.38, or 0.16 percent, to 1,518.11, while the Nasdaq composite index gained 14.87, or 0.58 percent, to 2,572.06.

Labels: ASN, BCS, LEH, URS, VOD, XOM

Wall Street backtracked Tuesday to trade mixed, after excitement waned over new takeover deals and resilient consumer confidence and investors decided to play it safe ahead of upcoming data.
A sharp decline in oil prices also dampened energy company stocks and weighed on the Dow Jones industrial average, which had risen more than 50 points early in the day and later turned lower.
Initially, stocks rose after a consortium of banks led by Royal Bank of Scotland PLC said it will bid 71.1 billion euros, or $95.5 billion, for the Netherlands' ABN Amro, besting an offer from Barclays PLC. Other takeover news included an announcement that Tishman Speyer Properties and Lehman Brothers Holdings Inc. are buying Archstone-Smith Trust for at least $13.5 billion.
But with the minutes from the Federal Reserve's last meeting scheduled to be released Wednesday, a report that could provide some insight into future interest rate moves, investors pulled back. Wall Street also digested strong consumer confidence data, and a report on housing prices. By midafternoon trading, the Dow slipped 18.37, or 0.14 percent, to 13,488.91. The blue-chip index has fallen for the fifth time in six sessions.
Broader stock indicators were mixed. The Standard & Poor's 500 index fell 0.76, or 0.05 percent, to 1,514.97, while the Nasdaq composite index added 7.32, or 0.29 percent, to 2,564.51.
Bonds fell after the consumer confidence data, with the yield on the benchmark 10-year Treasury note rising to 4.88 percent from 4.86 percent late Friday. Yields have remained higher in recent sessions as fixed-income investors bet the Fed won't lower rates in the near future. On Tuesday, the consumer appeared strong; the Conference Board said its Consumer Confidence Index rose to 108.0 in May, up from a revised 106.3 in April and above the average analyst estimate. Also, the Dallas and Chicago Federal Reserves both reported expansions in regional manufacturing activity.
But the housing sector looked weak after the Standard & Poor's housing index indicated that U.S. home prices declined 1.4 percent in the first quarter compared to a year ago, the first time since 1991 that prices posted a quarterly drop. U.S. retail gasoline prices have eased slightly from their record high of $3.227 a gallon, on average, but remained high Tuesday at $3.201, according to AAA. Crude oil futures plunged $2.05 to $63.15 a barrel on the New York Mercantile Exchange.
In response, Exxon Mobil Corp., one of the 30 Dow components, fell $1.33, or 1.6 percent, to $82.18.
After it was reported that Archstone was being bought, the stock rose $5.60, or 10 percent, to $60.83.
In other takeover news, The Wall Street Journal said technology retailer CDW Corp. and telecommunications equipment company Avaya Inc. are private equity takeover targets. Avaya rose $1.99, or 14.5 percent, to $15.66, and CDW rose $7.17, or 9.5 percent, to $82.73.
And late Monday, engineering and construction company URS Corp. said it will buy competitor Washington Group International for $2.6 billion. Washington Group rose $11.93, or 17 percent, to $81.90, and URS rose $2.41, or 5.1 percent, to $49.30.
The technology sector, which has been weaker than the rest of the stock market in recent months, got a boost Tuesday after Vodafone Group PLC said it narrowed its full-year loss. U.S. shares of the world's biggest mobile phone company rose $1.10, or 3.7 percent, to $31.66.
Bookseller Borders Group Inc. is scheduled to release first-quarter results Tuesday after the markets close. Borders fell 15 cents to $23.26.
Advancing issues outnumbered decliners by about 3 to 2 on the New York Stock Exchange, where volume came to 1.11 billion shares.
The Russell 2000 index of smaller companies was up 5.30, or 0.64 percent, at 835.23.
The dollar slipped against other major currencies, and gold prices climbed.
Overseas, Japan's Nikkei stock average rose 0.48 percent. Britain's FTSE 100 was up 0.55 percent, Germany's DAX index was up 0.54 percent, and France's CAC-40 was down 0.25 percent.

Source: AP

Labels: ASN, AV, BCS, CDWC, LEH, URS, VOD, XOM

Bullish:

Trinity Industries (NYSE: TRN - News): ' TRN's the one I've been featuring. That's the best railcar play... They also have a wind power focus.'Exxon Mobil (NYSE: XOM - News)Chevron (NYSE: CVX - News)Cameco (NYSE: CCJ - News)Hewlett-Packard (NYSE: HPQ - News): ' ... was stuck at $45 on Friday, started to inch higher. That one is the next one to breakout.'News Corp. (NYSE: NWS - News): 'The Dow Jones bid? I think that they ought to hit it ... Rupert Murdoch. He's a winner. I want to own his stock. The guy is a great businessman. People want to dump on him all the time. They don't have a clue.Qualcomm (NasdaqGS: QCOM)Texas Instruments (NYSE: TXN - News)Nokia (NYSE: NOK - News)Atwood Oceanics (NYSE: ATW - News): 'You're talking about a driller! A driller to the power of nine - buy, buy, buy!'Halliburton (NYSE: HAL - News)Vail Resorts (NYSE: MTN - News): ' Good trade into June 11th. I suspect great numbers, but then get out of it, because the summer is a bad time for that one.'
Neutral calls:
Darling International (AMEX: DAR - News): '... this is a respectable play... This is an $8 stock, so I've been reluctant to talk about it... But I'm doing a memo to staff right now... maybe we sneak this in one day.'
Bearish calls:
Blockbuster (NYSE: BBI - News): 'Remember, we felt that when Joe Antioco got the boot there, we went with his boot. I cannot get behind BBI. Sell, sell, sell!'FreightCar America (NasdaqGS: RAIL): 'I can't get behind RAIL .... RAIL is not best in show.'Vaalco Energy (NYSE: EGY - News): 'Too dangerous my friend! I tried to get behind this company once before. It has got these incredible properties off the coast of Africa, but I want to be very honest... I have not seen this company deliver... I see nothing but the house of pain.'Evergreen Solar (NasdaqGM: ESLR): 'You should be selling your solar stocks, including that stock - sell, sell, sell! - and buying them after the big wave of underwriting knocks the whole group down.'Brightpoint (NasdaqGS: CELL): 'I need you out of that stock! I don't think there's anything really cooking there... Sell a little bit now, and let it go up... you should be out of it by $16.'CDW Corp (NasdaqGS: CDWC): ' I was asked about CDWC last week... Take profits! The stock was up 25% in six weeks. We like the market. A better play is Hewlett-Packard.'

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Labels: ATW, BBI, CCJ, CVX, DAR, EGY, HAL, HPQ, Jim Cramer, Lightning Round, Mad Money, MTN, NOK, NWS, TRN, TXN, XOM