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Cramer told a viewer to sell Fortinet Inc. (NASDAQ:FTNT) because the profits have been made. He told a second viewer that he’s still a buyer of Intel Corp. (NASDAQ:INTC), and he thinks the Bank Of America Corp. (NYSE:BAC) downgraded was wrong. Cramer said he likes Intel for their recent dividend raise and because they settled their problems with Advanced Micro Devices Inc. (NASDAQ:AMD). Cramer told a final viewer that he likes Apple Inc. (NASDAQ:AAPL) more than Blackberry maker Research In Motion Limited (NASDAQ:RIMM). He said RIMM is selling at 14 times earnings, which is too cheap, but it needs a catalyst to push the stock higher. Cramer advised the viewer to buy some Apple down $5 because its the better play. Join the fastest growing community of small cap investors at Stockhideout.com
Bullish
Triquint Semiconductor (TQNT), Cisco Systems (CSCO), International Paper Company (IP), Hudson City Bancorp Inc. (HCBK) and Citigroup Inc. (NYSE:C).
Bearish
Baidu.com (ADR)(NASDAQ:BIDU), Temple-Inland Inc. (TIN), Packaging Corp of America (PKG) and Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP). Join the fastest growing community of small cap investors at Stockhideout.com
According to Jim Cramer, the next big investment idea has appeared on the front page of the New York Times. He said the article highlighted a stimulus plan proposed by former President Bill Clinton for home weatherization incentives, called the “Cash For Caulkers.” Cramer thinks a number of companies are in a great position to benefit from this program. “If the White House adopts something similar to Clinton’s plan, then Cypress Semiconductor Corp. (NYSE:CY) would be one way to play it,” he said. The company has an Envirosystems division that makes wireless thermostats that can be monitored and controlled remotely. Cramer mentioned that these new technologies were a big opportunity before, but the potential government spending means they could be even bigger. He told viewers the most obvious choices for plays on this potential new program are Owens Corning (NYSE:OC), which is the leader in home insulation, and home improvement king Home Depot Inc. (NYSE:HD), a stock he holds in his charitable trust. Cramer said he disagreed with investors who sold the stock on Tuesday after what he called “a monster good quarter,” but that just presented an opportunity to buy HD at a discount. He mentioned the company is a popular choice for insulation needs and the firms management even mentioned strength in do-it-yourself remodeling and energy-efficiency items. The Caulkers proposal would also pay for upgrades to heating, ventilation and air-conditioning systems. Cramer told viewers he likes Watsco Inc. (NYSE:WSO) as the best HVAC play since 85% of its business is residential, and the stock pays a 3.6% dividend yield. He also likes Lennox International Inc. (NYSE:LII), which gets 62% of its sales from the residential market. “Don’t wait until cash for caulkers becomes law,” Cramer said. “That time to invest in these names is now.” Join the fastest growing community of small cap investors at Stockhideout.com
“A wave of M&A activity among the Canadian energy trusts has made these stocks attractive again,” Jim Cramer said on Wednesday’s “Mad Money” TV show. He said that Baytex Energy Trust (USA)(NYSE:BTE) is the next most likely acquisition target due to its 5% dividend yield and its potential production growth. Cramer had hated this group of companies after a change in law meant their dividends would lose favorable tax status, starting in 2011. However, two recent takeovers – Korea National Oil buying Harvest Energy Trust and Denbury Resources Inc. (NYSE:DNR) buying Encore Acquisition Company (NYSE:EAC) – at high premiums has forced Cramer to change his tune. Baytex has the least exposure to natural gas and the most exposure to crude oil, which Cramer called a good thing because most Canadian firms can’t compete with U.S. natural gas companies with the current weak dollar. He mentioned the company is now using a “stream-injection system” to extract more heavy oil from its reserves. This new technique has already yielded big results with one well’s output shooting up to 900 barrels a day from just 70. Baytex reported a solid quarter on Nov. 10, at 83 cents a share of cash flow, which was ahead of Wall Street estimates. Cramer also mentioned that the balance sheet is reasonably clean, and with the stock up 187% year-to-date, there’s still has more room to run. “I don’t want you buying crude,” Cramer said. “I want you to buy Baytex.” Join the fastest growing community of small cap investors at Stockhideout.com
The first caller’s portfolio included these names: Amgen Inc. (AMGN), Wal-Mart Stores Inc. (WMT), Entergy Corp. (ETR), Vodaphone Group (VOD) and Bank of America Corp. (NYSE:BAC). Cramer said this is a fabulous portfolio. The second caller’s top stocks included the following: AK Steel (AKS ), Allscripts Healthcare Solutions Inc. (MDRX), Corning Inc. (GLW), Applied Materials Inc. (AMAT) and Crocs Inc. (NASDAQ:CROX). Cramer said this portfolio has too much tech. He recommended selling Applied Materials and picking up a financial stock. The third caller had long positions in these stocks: General Mills Inc. (GIS), Abbott Laboratories (ABT), Intel Corp. (INTC), AT&T Inc. (T) and Enterprise Energy Partners L.P. (NYSE:EPD). Cramer said this is a great portfolio. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
Bullish
Wynn Resorts ltd (WYNN), Tellabs Inc. (TLAB), ADC Telecommunications (ADCT), Brocade Communications (BRCD), DISH Network Corp. (DISH), DirecTV Group (DTV) and CMS Energy Corporation (CMS).
Bearish
MGM Mirage (NYSE:MGM). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
“The rolling bull market continues,” Jim Cramer said on a recent “Mad Money” TV show. He told viewers with the market only up slightly, the major money was moving out of tech, oil and bank stocks, and into a new space that’s ready to soar. This time the market is experiencing leadership from the agriculture complex. The cause of the strength in ag is due to news from the Department of Agriculture which raised its sport price forecast last week, citing production shortfalls. Following that news, shares of genetically modified seed maker Monsanto Company (NYSE:MON) traded up, confirming the strength in the sector. Cramer said Monsanto is a solid buy, after the company’s management said it expects to double its gross profit by 2012. Another reason to like Monsanto is the rally in corn prices, which jumped 21% to $3.73 in October. December futures now trade at $4.27. “The company makes the best genetically engineered corn seed, the commodity’s lading value has hurt Monsanto,” Cramer said. He also recommended the fertilizer stocks like Potash Corp./Saskatchewan (USA)(NYSE:POT), Agrium Inc. (NYSE:AGU) and Mosaic Company (NYSE:MOS). Cramer told viewers that Potash is the cheapest in the space, but his favorite name is Terra Nitrogen Company L.P. (NYSE:TNH) for its 6.4% dividend yield. Lastly, Cramer said if you want to play ag you should buy Deere & Company (NYSE:DE). “This stock may be flirting with its 52-week high, but DE is up just 28% for the year. That’s still down 48% from 20 months ago,” Cramer said. He pointed out that Deere no longer suffers from a strong dollar, and with only 12 analysts rating the stock a hold, there’s plenty of room for upgrades. Cramer thinks Deere will tell investors on its Nov. 25 earnings report that its construction and forestry division has finally bottomed. He recommended buying Deere ahead of its earnings report due out in five days. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
For the “Off The Charts” segment, Cramer went up against his colleague Dan Fitzpatrick at TheStreet.com over the charts of Diana Shipping Inc. (DSX) and Nordic American Tanker Shipping Limited (NAT) to see which bulk shipper was the best investment. Fitzpatrick said the chart of Diana Shipping shows the stock trading in a tight range, between $12 and $15, since July, and now volatility in the stock appears to suggest a big move to the upside is in the cards. “The weekly chart of Diana Shipping, a dry-bulk carrier, shows a stock with the potential to explode,” Cramer said. However, the daily chart suggests the stock might be a bit ahead of itself, with DSX 21% above its 50-day moving average. Fitzpatrick recommended that investors wait for Diana to pull back to $15 before jumping in. Fitzpatrick also likes the chart for Nordic American Tanker. The stock had recently been in a trend where it sold off every time it hit the 50-day moving average. However, last week NAT broke out on big volume, which is normally a sign of higher prices to come. Moving on to the fundamentals, Cramer mentioned that day rates are coming back, after rising 30% last week, and he thinks they will go even higher. He said Diana Shipping is the best positioned bulk shipper to meet the rising demand due to their cash on hand to expand their fleet. Their solid balance sheet will allow the company to add nine ships to its current fleet of 21. Cramer explained the company could use the rising shipping rates to bring back its dividend, which was suspended in the fourth-quarter of 2008. “Investors should take note, because before the suspension Diana often paid nearly all of its distributable cash flow to shareholders,” he said. Cramer was also bullish on Nordic American Tanker. The move up in oil prices helps NAT and also China’s ban on single-hulled tankers, due to environmental reasons, puts the company in the sweet spot. Cramer pointed out that the company cut its dividend last week, but the stock still traded up, which he called “a major show of strength.” “As rates rise and new ships come on line the dividend should roar back,” Cramer said. He told viewers while Diana Shipping is a buy, Nordic American is now a raging buy. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
MaddMoney.net is not just a recap of Cramer’s latest rants, but an evolving blog bringing you the latest and hottest stocks, along with technical videos and entertaining commentary that will help you make sense of any market.
