Bullish
ABB Ltd (ABB), CVRD (RIO), Cleveland-Cliffs (CLF), Quicksilver Resources (KWK) and Gushan Energy (GU).
Bearish
Oceanfreight (OCNF), RH Donnelley (RHD), Western Digital (WDC) and Delta Air Lines (DAL).
Archive for February 2008
Jim Cramer’s Lightning Round
Turkish Wireless Play Turkcell
Cramer was out with bullish comments on Turkcell (TKC), the largest wireless carrier in Turkey. The company currently has a 58% market share in Turkey and Cramer says Turkcell is expanding into neighboring, less-penetrated countries, that offer high growth opportunities. TKC recently reported a better-than-expected quarter, beating estimates by 8 cents a share. Turkcell was helped by a weak U.S. dollar and reported profits up 44% on a 50% increase in revenues. Cramer says Turkcell is a buy both because of its growth as well as the fact that it is not constrained by the U.S. economic slowdown. Cramer said buy TKC when it dips under $24.
XM-Sirius Merger Talk
Cramer welcomed Democratic Congressman Gene Green from Texas to the show to discuss his opposition to the proposed merger between Sirius Satellite (SIRI) and XM Satellite Radio (XMSR). Green said the merger would create a monopoly in the satellite radio industry, a scenario the Federal Communication Commission attempted to avoid when it issued licenses to the two companies. The FCC stipulated that they had to remain separate and provide consumers with choice. He compared the SIRI-XMSR merger to the rejected merger between DirecTV (DTV) and Echostar (DISH). Green went on to say that he didn’t think both companies would go bankrupt without the merger. He also admitted to accepting money from the National Association of Broadcasters and he mentioned he isn’t sure what is taking the taking the FCC so long to decide.
Game Plan: Cramer Loves The Visa IPO
“In every bear market there is a silver lining,” Cramer said Friday. In the current bear market, Cramer thinks the silver lining may be the upcoming initial public offering of Visa (V). Cramer compared the Visa IPO to MasterCard (MA) which came public last year. Since MA came public the stock has gone up 313% and Cramer thinks Visa could put in a similar performance. Cramer said the Visa IPO should price between $37 and $42. Cramer likes Visa over MA because Visa has larger electronics payment network and it has no credit exposure because it makes money processing electronic transactions. Cramer said do whatever it takes to get a piece of the Visa IPO before it hits the open market next week.
CEO Interview Agnico-Eagle
Cramer welcomed Agnico-Eagle (AEM) CEO Sean Boyd to the show Friday. Boyd explained that the AEM is about to open five new mines that will increase their 2007 output five-fold. He predicted that AEM will go from producing 200,000 ounces of gold to 1.3 million by 2010. Boyd said several factors could take gold to as high as $1600 and those factors included limited supply, increased demand and the weakening dollar. “Agnico-Eagle Mines is for me,” Cramer said.
Fast Money Recap: Miami Advice
Word On The Street
WORD ON THE STREET VIDEO
Miami: Latin America Gateway
Latin money was the focus on the show tonight and this comes through the Miami. This is the bridge to one of the best investment opportunities on the planet right now. The developing world needs oil, ethanol and food. Companies like Brazil’s Petrobras (PBR) and Argentina’s Tenaris (TS) have the oil that is needed. Look at Latin American banks says Seymour. Banco Itau (ITU) or Banco Bradesco (BBD). You can also look to Bancolombia (CIB). Another play is Vale (RIO) or PBR for commodities. Macke is more skeptical, he does not see strength staying in emerging markets with the U.S. economy having so much weakness.
Housing Trade
As the housing gloom grows is there a real estate trade out there? Najarian thinks an opportunity is getting close. After July check the Miami real estate market but as a long term play. Finerman says the way to play it is SPDR S&P Homebuilders ETF (XHB) and stay away from the likes of Lennar (LEN) and Meritage (MTH). Adami thinks we need to look at Home Depot (HD). Macke doesn’t like any as there are better trades than real estate trades.
Retirement Trade
The American way is to work hard all your life, save and then retire to Miami. The 21st century retirement looks a bit different with healthier, wealthier people looking for adventure. About a fifth of Miami’s business comes from Boomers and businesses from wealth managers to cruise lines catering to their expensive needs. Royal Caribbean (RCL) is an example as they offer singles cruises to boomers with salsa lessons and water aerobics. Adami loves Amerprise (AMP) and Raymond James (RJF). He also says to look at Zimmer (ZMH) and Stryker (SYK). Najarian thinks we should look to Johnson & Johnson (JNJ).
Ryder CEO Interview
Ryder (R) is up 23% this year despite recession fears. CFO Robert Sanchez joined the show to talk about his companies prospects. After hearing what Sanchez had to say, Adami told viewers taht Ryder is a buy on a dip.
RYDER VIDEO
Immigration
Illegal immigration might be America’s most explosive issue and as you walk through the streets of Miami it’s very apparent. Politically, it shouldn’t be an issue it should be looked at from the capitalist’s point of view. Former General Electric (GE) Chairman, Jack Welch joined the show to talk immigration.
IMMIGRATION VIDEO
Pops & Drops
POPS – Burger King (BKC) traded up 3%. Najarian likes the growth going forward for BKC. Take Two Interactive (TTWO) exploded up 51%. Macke said sell it. Brookdale Senior Living (BKD) taded up 9%. Adami likes BKD. United Rentals (URI) traded up 8%. Najarian explained that URI is well off its highs. Assured Guaranty (AGO) traded up 13%. Finerman mentioned that Wilbur Ross might invest $1 billion in AGO. Gilead (GILD) traded up 10%. Adami said buy GILD on the dips. EOG Resources (EOG) traded up 19%. Adami thinks EOG is fully valued. Lennar (LEN) traded up 2%. Finerman loves this story.
DROPS – Deckers Outdoor Corp. (DECK) fell 7%. Finerman says “Ugg” explains it all. Dean Foods (DF) fell 12%. Macke said walk away. Google Inc. (GOOG) fell 7%. Adami said Google at current prices is an attractive value play. Freddie Mac (FRE) fell 4%. Macke said nothing here with FRE. Motorola (MOT) fell 12%. Finerman explained the handset business has problems. AMR Corp. (AMR) fell 10%. Najarian explained that high oil will hurt AMR. and Utilties (XLU) fell 4%. Macke said he doesn’t like XLU.
Surprise Guest
Alonzo Mourning, center for the Miami Heat NBA team joined the show. He revealed Fast Money Madness starts on March 17th, the same day as the NCAA tournament. Of the 64 companies competing he thinks McDonald’s (MCD), Microsoft (MSFT), ExxonMobile (XOM) and Pfizer (PFE) will make the final four.
Final Trade
Macke likes Wal-Mart (WMT). Adami picked Home Depot (HD). Finerman recomends Yahoo! (YHOO). Najarian said buy Altria (MO) and Seymour told viewers to short emerging markets with the iShares MSCI Emerging Markets ETF (EEM).
WORD ON THE STREET VIDEO
Miami: Latin America Gateway
Latin money was the focus on the show tonight and this comes through the Miami. This is the bridge to one of the best investment opportunities on the planet right now. The developing world needs oil, ethanol and food. Companies like Brazil’s Petrobras (PBR) and Argentina’s Tenaris (TS) have the oil that is needed. Look at Latin American banks says Seymour. Banco Itau (ITU) or Banco Bradesco (BBD). You can also look to Bancolombia (CIB). Another play is Vale (RIO) or PBR for commodities. Macke is more skeptical, he does not see strength staying in emerging markets with the U.S. economy having so much weakness.
Housing Trade
As the housing gloom grows is there a real estate trade out there? Najarian thinks an opportunity is getting close. After July check the Miami real estate market but as a long term play. Finerman says the way to play it is SPDR S&P Homebuilders ETF (XHB) and stay away from the likes of Lennar (LEN) and Meritage (MTH). Adami thinks we need to look at Home Depot (HD). Macke doesn’t like any as there are better trades than real estate trades.
Retirement Trade
The American way is to work hard all your life, save and then retire to Miami. The 21st century retirement looks a bit different with healthier, wealthier people looking for adventure. About a fifth of Miami’s business comes from Boomers and businesses from wealth managers to cruise lines catering to their expensive needs. Royal Caribbean (RCL) is an example as they offer singles cruises to boomers with salsa lessons and water aerobics. Adami loves Amerprise (AMP) and Raymond James (RJF). He also says to look at Zimmer (ZMH) and Stryker (SYK). Najarian thinks we should look to Johnson & Johnson (JNJ).
Ryder CEO Interview
Ryder (R) is up 23% this year despite recession fears. CFO Robert Sanchez joined the show to talk about his companies prospects. After hearing what Sanchez had to say, Adami told viewers taht Ryder is a buy on a dip.
RYDER VIDEO
Immigration
Illegal immigration might be America’s most explosive issue and as you walk through the streets of Miami it’s very apparent. Politically, it shouldn’t be an issue it should be looked at from the capitalist’s point of view. Former General Electric (GE) Chairman, Jack Welch joined the show to talk immigration.
IMMIGRATION VIDEO
Pops & Drops
POPS – Burger King (BKC) traded up 3%. Najarian likes the growth going forward for BKC. Take Two Interactive (TTWO) exploded up 51%. Macke said sell it. Brookdale Senior Living (BKD) taded up 9%. Adami likes BKD. United Rentals (URI) traded up 8%. Najarian explained that URI is well off its highs. Assured Guaranty (AGO) traded up 13%. Finerman mentioned that Wilbur Ross might invest $1 billion in AGO. Gilead (GILD) traded up 10%. Adami said buy GILD on the dips. EOG Resources (EOG) traded up 19%. Adami thinks EOG is fully valued. Lennar (LEN) traded up 2%. Finerman loves this story.
DROPS – Deckers Outdoor Corp. (DECK) fell 7%. Finerman says “Ugg” explains it all. Dean Foods (DF) fell 12%. Macke said walk away. Google Inc. (GOOG) fell 7%. Adami said Google at current prices is an attractive value play. Freddie Mac (FRE) fell 4%. Macke said nothing here with FRE. Motorola (MOT) fell 12%. Finerman explained the handset business has problems. AMR Corp. (AMR) fell 10%. Najarian explained that high oil will hurt AMR. and Utilties (XLU) fell 4%. Macke said he doesn’t like XLU.
Surprise Guest
Alonzo Mourning, center for the Miami Heat NBA team joined the show. He revealed Fast Money Madness starts on March 17th, the same day as the NCAA tournament. Of the 64 companies competing he thinks McDonald’s (MCD), Microsoft (MSFT), ExxonMobile (XOM) and Pfizer (PFE) will make the final four.
Final Trade
Macke likes Wal-Mart (WMT). Adami picked Home Depot (HD). Finerman recomends Yahoo! (YHOO). Najarian said buy Altria (MO) and Seymour told viewers to short emerging markets with the iShares MSCI Emerging Markets ETF (EEM).
Jim Cramer’s Stop Trading
U.S. Steel (X) and Petrobras (PBR) were called buys on Stop Trading today. The purchase of a scrap company alleviated the primary concern and PBR is right with them. The market’s dismay was shown in AIG (AIG) conference call today. Last CEO Larry Goldstone from Thornburg Mortgage (TMA) was lauded. His idea that the government money used for the stimulus package should be used instead for triple-A mortgage paper led Cramer to say “Larry is a very sophisticated player.”
Jim Cramer’s Lightning Round & Sudden Death
Lighting Round
Bullish
Medco Health (MHS), Schering-Plough (SGP) and Yum! Brands (YUM).
Bearish
Cooper Tire & Rubber (CTB), Atmos Energy (ATO) and Amgen (AMGN).
Sudden Death
Cramer was bullish on Martek Biosciences Corp (MATK). and bearish on Marvel Enterprises Inc (MVL).
