“The Goldman Sachs Group Inc. (NYSE:GS) downgrade ahead of its earnings report tomorrow isn’t cause for alarm,” Jim Cramer told viewers on Tuesday’s “Stop Trading” segment. Cramer pointed out that Meredith Whitney downgraded the stock from buy to neutral, after shares had risen 34% since her buy call in July. He mentioned that some of Whitney’s clients might not have liked the call, since they probably wanted to sell the stock quietly. “She likes to make a big splash,” Cramer said. Moving on to Citigroup Inc. (C), Cramer said he expects the bank to report a good quarter, even if that means a loss. Deutsche bank upgraded the stock today, but Cramer said he didn’t like the move on the eve of Citi’s earnings report. He mentioned the best part of the report was the fact that there was an earnings model for the bank. “We’ve not been able to do that for two years,” Cramer said. Lastly, Cramer told investors to wait until gold is down $15 and then buy stock in Agnico Eagle Mines Ltd (AEM). He thinks Eagle will use high gold prices to boost its dividend now that the company has finished its big capital-expenditure projects. Join the fastest growing community of small cap investors at Stockhideout.com
Category Archive for ‘Jim Cramer’s Stop Trading’
Cramer’s Stop Trading! – Look at Ford Motor
“I see the drilling revolution coming,” Jim Cramer told viewers of Monday’s “Stop Trading” segment. Cramer said he has been watching the Baker Hughes Inc. (BHI) rig index surge back above 1,000, and he mentioned it wouldn’t surprise him if a company like National Oilwell Varco Inc. (NOV) started to get new rig orders. He pointed out that the recent surge in the oil drilling stocks seems to suggest “a new oil boom” is on the way. “And it’s not based on $140 oil, it’s based on the fact that there are big reserves that have been untapped,” Cramer said. Moving on to the retail sector, Cramer said Black & Decker’s (BDK) third-quarter outlook increase is a good sign for companies like Fortune Brands (FO) and Whirlpool Corp (WHR). “There is no reason why these companies can’t have the same kind of quarters,” Cramer said. He also mentioned that he bought more Home Depot Inc. (HD) for his charitable trust, off of Black & Decker’s quarter. When questioned about IBM (IBM), Cramer said the stock might be too cheap when you look at the chart over the long term. “The stock has literally done nothing, even as the company has gotten better,” Cramer said. Finally, Cramer told investors they should look at Ford Motor (F), whose stock has traded lower since soaring to around $8 following a secondary offering at $4. He pointed out that the European numbers have seen double-digit gains, the company lost only single digits in the US and Ford has great leadership in CEO Alan Mulally. “Ford has been able to do all of this without taking government money, yet no one is talking about the automaker,” he said. “I don’t know why people aren’t saying that Ford is going to be the world’s greatest auto company.” Join the fastest growing community of small cap investors at Stockhideout.com
Jim Cramer’s Stop Trading! – eBay Inc.
“eBay Inc. (EBAY) could revolutionize the Florida real estate market,” Jim Cramer said on Thursday’s “Stop Trading!” segment. He told viewers that a report came out that said eBay will start putting foreclosed properties on its site for sale sometime in January. “I regard this as very positive. It’s also positive for eBay,” which Cramer holds in his charitable trust. Moving on the retail sector, Cramer said the consumer is back, but he doesn’t want to underestimate how much money’s coming from the governments worldwide that’s pumping up spending. He pointed out that Kohl’s Corp. (NYSE:KSS) had an unbelievable number, and should be an example to investors. Cramer said Kohl’s is a buy and people are just too negative on the stock. “The fact is, people are spending, not hoarding,” he said. The results from Ross Stores Inc. (ROST), J.C. Penny (JCP) and Nordstrom Inc. (JWN) confirm this trend, according to Cramer. 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!
Jim Cramer’s Stop Trading! – Google Rips
“Costco Wholesale Corp. (COST) is making a comeback after stumbling through some problems,” Jim Cramer said on Wednesday’s “Stop Trading!” segment on CNBC. Shares of Costco traded up 2.3% today after the company reported better-than-expected earnings. “Costco deserves to sell at a healthy premium to the rest of the group. This is just the beginning of the move up,” Cramer said. He told viewers to look for any drop in COST following Thursday’s retail sales number to buy the stock. Cramer also likes AT&T Inc. (T), despite the company’ data problem caused by Apple Inc. (NASDAQ:AAPL) iPhone and the potential loss in revenues from voice-over-Internet Protocol applications on its network. “You buy AT&T, and if the economy comes back, you do well,” he said. “In the meantime, you get a fantastic dividend.” “Google (GOOG) was up 11 points, and breaking through its 52-week high,” Cramer said. The reason for the move was due to comments from CEO Eric Schmidt that the ad-spending recession was over. Cramer stopped short of recommending the stock, and he reminded viewers that Schmidt is probably the least promotional CEO in America. Finally, Cramer said ConocoPhillips (NYSE:COP) is “too high.” He explained the stock was up 5 points because the company raised its dividend. “People are being too foolish buying it at this price,” Cramer said. “Wait until it comes in a little.” Join the fastest growing community of small cap investors at Stockhideout.com
Jim Cramer’s Stop Trading! – Goldman Sachs Group Inc.
“Bearish investors may be using Goldman Sachs’s loan renegotiation with CIT Group to hurt the former’s stock, as well as the market,” Jim Cramer said on Tuesday’s “Stop Trading!” segment. He pointed out that a large number of puts traded on Goldman Sachs Group Inc. (GS), as bearish investors look for big losses to come out of its $3 billion loan to CIT Group Inc. (CIT). Cramer said he doesn’t believe the rumors that a big loss is coming with CIT Group. “Goldman is a market leader,” Cramer said. “The bears know if they can knock it down, they can really get some downside pressure on the market.” Moving on to the medical-device space, Cramer said investors assume that every single medical-device company has to be doing bad because of St. Jude Medical Inc. (NYSE:STJ) negative pre-announcement for their third-quarter earnings. “Boston Scientific Corp. (BSX) doesn’t deserve the mistreatment, what if they are talking share from St. Jude, which is what I believe is the case,” Cramer said. 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!
Jim Cramer’s Stop Trading! – Brocade Goes Higher
“Investors already seem to have forgotten Friday’s terrible job number, and the stocks that depend on a strong economy have been roaring,” Jim Cramer said on Monday’s “Stop Trading!” segment. He pointed out that people were shorting FedEx Corp. (FDX) all last week because employment was bad. Shares of FedEx moved higher by 2% during Monday’s trading session. Cramer said the move was “technically wrong.” Caterpillar Inc. (CAT) announced price increases for 2010, and Cramer expressed shock that CAT was able to do this given the weak economy. “The fact that CAT can raise indicates we’re too United States centric,” He said. Cramer pointed out that Caterpillar and Bucyrus International Inc. (BUCY) were starting to roll over due to heavy short selling, but now both are going back up. Cramer also said that Joy Global Inc. (JOYG) traded higher due to China’s ambitious plans to go green by 2020. “China will be forced to dig coal to meet its energy needs, and that’s what you use Joy for,” Cramer said. Turning to takeover target Brocade Communications Systems Inc. (BRCD), Cramer mentioned that there are many companies that might want to buy the Cisco Systems (CSCO) competitor, like Hewlett-Packard (NYSE:HPQ), Oracle Corp. (ORCL) or International Business Machines Corp. (IBM). “I think this thing is going to go for a much higher price,” he said. Lastly, Cramer said he likes Goldman Sachs Group Inc. (GS) call on Wells Fargo (WFC), which he holds in his charitable trust. “If I were short Wells Fargo, I would want to cover,” Cramer said. 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!
Cramer’s Stop Trading! – Buy Exelon Corporation
“If the recent performance of HMO stocks is any indication, then some form of a public option insurance plan will be available to consumers,” Jim Cramer said on Wednesday’s CNBC “Stop Trading!” segment. Cramer pointed out that the action in HMO stocks like UnitedHealth Group Inc. (NYSE: UNH), WellPoint Inc. (NYSE: WLP) and Humana Inc. (NYSE: HUM) leads him to believe that the public option is not completely off the table. “Somethings going to happen in the middle, he said, “because these HMOs are really for sale.” Cramer reiterated his sell call on the group which he originally made on Tuesday’s “Mad Money” TV show. Moving on to energy, Cramer said Exelon Corporation (NYSE: EXC) is “the real winner” when it comes to the Senate’s cap-and-trade bill. He likes the name because of the company’s exposure to nuclear-power which could be the biggest beneficiary of cap-and-trade. “The stock’s way off giving investors a great entry point,” Cramer said. Join the fastest growing community of small cap investors at Stockhideout.com
Cramer’s Stop Trading! – Hold Polo Ralph Lauren
“I would hold on to Polo Ralph Lauren (NYSE:RL) even though the stock is up almost $4 today,” Jim Cramer said on Tuesday’s “Stop Trading!” segment. “This has been a monster stock since the bottom and I continue to believe it will remain a monster stock,” he said. Cramer told viewers that RL’s CEO has done a miraculous job of managing the company through this tough economic environment. He also said he likes V.F. Corporation (VF), a stock he holds in his charitable trust, in the retail sector. Finally, Cramer said that Walgreen (NYSE:WAG) and CVS Caremark Corp. (CVS) are buys on a big flu-shot season. He explained that traffic will pickup as customers turn to these stores for their shots, and that will lead to big impulse purchases. 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!
Jim Cramer’s Stop Trading! – Buy Apple Inc.
“Julian Robertson is one of the few people you have to listen to, and if your viewpoint is way away from his, you have to recalibrate because he is that good,” Jim Cramer said on Thursday’s “Stop Trading!” segment. Cramer told investors he’s looking for a correction in the market and once we come back you can look to buy some of Robertson’s favorites, like Apple Inc. (NASDAQ:AAPL) and Visa Inc. (NYSE:V). “I’ve been probably the biggest supporter of Apple,” Cramer said. He also mentioned he holds Visa in his charitable trust and he agreed with Robertson that it’s a great play on “transactions” and on “paper going to plastic.” Cramer told viewers he still likes Google (NASDAQ:GOOG), another stock that Robertson currently owns. “Mr. Robertson’s view, demands and deserves respect,” he said. Moving on to Norway, Cramer said Nordic American Tanker Shipping Limited (NAT) is a “conservative company” in a “conservative country” with the “cleanest balance sheet” in the shipping industry, and a “good yield.” He also recommend StatoilHydro (NYSE:STO) because it’s the oil company of growth in Europe. Cramer responded to Robertson’s call for rates to go significantly higher as inflation becomes a real realty. “The most dangerous piece of paper in the world is the 30-year Treasury,” he said. Cramer explained that he’s in agreement with Robertson and rates should never be this low. He recommended government FDIC-insured CDs over the 30-year paper. 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!
Jim Cramer’s Stop Trading! – Trading Research In Motion Ltd
“If you wanted a statement that suggests that the stock market should go higher, you just got it,” Jim Cramer said on Wednesday’s “Stop Trading!” segment. Cramer was talking about the Federal Reserve’s decision to leave interest rates unchanged and their statement following its two-day policy-making meeting. However, what really stuck out to Cramer today was the stock market’s ability to trade higher as oil fell. “Maybe we’re breaking away from the silly linkage which says that unless we see some sign that the economy’s strong, via oil or Baltic freight, we go down,” he said. “That’s not happening, and it’s very positive.” Cramer congratulated General Mills Inc. (GIS) for a great quarter, calling it terrific on both the top and bottom lines. “The company had gone from being a consistent grower to being an actual better-than-consistent grower,” he said. Cramer told viewers to focus on the mobile Internet’s long-term prospects rather than trading the related companis’ quarters. “I don’t care what Research In Motion Ltd (NASDAQ: RIMM) reports tomorrow. If you’re trying to play this for the quarter, you’re making a big mistake,” Cramer said. He mentioned that the Internet tsunami is so strong it’s lifting all boats, like RIMM’s BlackBerry, or the Palm Inc (PALM) Pre and even AT&T Inc. (T). Lastly, Cramer reiterated his call on American Intl Group Inc (AIG) to issue a secondary offering. He said the stock’s run-up is due to the biggest short squeeze of all time and he urged management to take advantage of it. “This is a company that has a lot of assets that we don’t even know about that they’re trying to sell,” he said. “If you raise that quick bit of money, at least it makes the next layer of sales go better.” Join the fastest growing community of small cap investors at Stockhideout.com
