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Jim Cramer's Mad Money
Lightning Round
Stock Picks for the Week of
6/9/08
See all specific stock picks
and comments below...
See Last Week's LIGHTNING
ROUND picks
here >>
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Lightning Round
Stock Picks and Comments
for:
Monday, June 9th, 2008
(see all Lightning Round
stock picks/comments below
for this night... ) |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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RIO |
36.82 |
na |
CVRD (RIO)
RIO - That stock has
come under pressure. It's
a mistake that it's come under
pressure. It's located in
Brazil. The stock has come
off 8 points from its high... so
it's down almost 20%. I
want you to
pull the trigger. I think you
should stick with that one...
That company is maybe the
greatest mineral company in the
world, and it is so well-run
that RIO is a great core
position for someone who needs
to have a mineral stock in their
diversified portfolio...
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DISCA* |
25.79 |
na |
Discovery Holding Co. (DISCA*)
DISCA* - She's (Oprah)
is supposed to come in on the
new entity. I have owned
this stock, and I have a very
big win for
my charitable trust... I
scaled out of some DISCA* today.
Why? It was strong in a
bad market, and I find, frankly,
it's still an up stock, but I
want it to dip before I would
buy any more... and the reason
why, even though cable is
en fuego... we keep reading
those articles, David Carr in
the New York Times about
cable... I see so many
bargains of the stocks that have
come down, that I want to have a
little bit of extra firepower
(i.e., cash balance on hand in
his trust, ready for those
opportunity buys)... but I think
you've got a good one for the
long term, and I say the next
stop for that one is $27... Why
did I sell some then?
Well, because I need the capital
to buy some other stuff...
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AYR |
10.25 |
na |
Aircastle LTD (AYR)
AYR - I have struggled
with AYR, because they are not
getting cancellations...
They have been hurt by the
asset-backed commercial paper
market... They would say, no,
we're really not affected by
that, but people don't want to
buy asset-backed paper, which
these companies have
historically used. And,
more importantly, I mentioned
Boeing (BA)
earlier and how BA goes down
every time an aircraft carrier
goes bust... These guys
could be on the hook for
carriers we don't know about.
Again, let me tell you where I'm
coming from... I recommended
this, and
Genesis Lease (GLS),
and I hurt people... and, when I
hurt people and I hurt myself, I
take my flogging... I do what's
necessary... but I got people
out of them at higher prices,
The cardinal rule on this show,
is that the moment you know that
you're wrong... take action.
Witness the fiasco that was
Coldwater Creek (CWTR),
where I liked it at $27.
At $16, I got out and then the
stock went to single digits...
I'm not getting back on the AYR
horse...
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TEX |
66.52 |
na |
Terex Corp. (TEX)
TEX - You know, TEX
shouldn't be this low.
It's a great international
franchise. I regard it as
not as great as
Caterpillar (CAT),
because CAT is, without a doubt,
the most unbelievable
manufacturer in this country, I
think... but I think TEX should
be bought. It's come down
way too much... I think that
TEX, at $66, is a buy.
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CAT |
80.81 |
na |
Caterpillar Inc. (CAT)
See TEX comments above for:
CAT
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MTL |
52.85 |
na |
Mechel Open Joint Stock
Co. (MTL)
MTL - Yes, I like it
very much... I like that stock
very much. By the way,
United States Steel
(X)...
was up 4... Yes, we like this
group... we like minerals, we
like steel... they continue to
work. Minerals, steel,
oil, gas... drilling... They're
all working. Now, people
will say, Jim, isn't the streak
running out? I will tell
you when I think the streak has
run out.
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DRYS |
88.08 |
na |
DryShips, Inc. (DRYS)
DRYS - No... I don't
want you to sell. This is
a dry bulk carrier. I
think business is good.
Right now, people are saying,
well, wait a second, a worldwide
slowdown...
(buzzer sounds)... Every
time we hear "worldwide
slowdown," that stock gets hit.
One of the reasons why I like
Frontline (FRO)
is that it's got a fabulous
dividend, and it's not going to
get hit nearly as bad... but,
I've got to tell you... I would
not sell DRYS here. Don't
buy, dont' buy... I don't want
to buy it, but I do not want to
sell it... It's not bearish.
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FRO |
66.31 |
na |
Frontline Ltd. (FRO)
See DRYS comments above for:
FRO
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CHL |
71.04 |
na |
China Mobile Limited (CHL)
CHL - I left the
company... Fortunately, we
recommended to sell that stock
higher. Why did I
recommend taking it off the
table?... Sell, sell, sell!...
The Chinese communist government
does not seem inclined to allow
this company a bigger monopoly
than it has. They have
been basically, I think,
subsidizing competitors. I
don't like that situation.
By the way, may I reiterate that
I am not recommending any
communist Chinese stocks right
now, except for
Gushan Environmental (GU),
and the reason why I'm not is,
shockingly, they're
communists...
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GU |
13.06 |
na |
Gushan Environmental (GU)
See CHL comments above for:
GU
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[
end of lightning round ] |
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BACK TO TOP |
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Lightning Round
Stock Picks and Comments
for:
Tuesday, June 10th, 2008
(see all Lightning Round
stock picks/comments below
for this night... ) |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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MON |
136.34 |
na |
Monsanto (MON)
MON - I'm concerned.
I wrote a piece the other day
about MON. The stock has
had a phenomenal run... truly
phenomenal. I am concerned
that you'll be coming in at a
level that I think is a little
too high. Why not wait?
The stock just got ramped
(higher), because Goldman Sachs
just recommended a bunch of
these stocks the other day,
including
Mosaic (MOS).
I thought it was due for a rest.
If oil goes under $130 (cost per
barrel), you'll be able to buy
MON in the $120s. Why
don't you wait for that?
Price target to buy: Under
$130.00
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FCX* |
119.41 |
na |
Freeport-McMoRan (FCX*)
FCX* - I sold a little
bit for
my charitable trust today.
It had gone down from $113 to
$112, and I pulled the trigger.
It then ran to $122 to $123.
To me, that's a very huge move.
I bought 100, and sold 200...
I just am trading around a
core position, because I
think that FCX* is the most
pro-shareholder management in
the minerals business, and 30%
of our copper is being used by
China. They've got the
cheap mines over in Australia.
I like FCX*. I would stay
long it. Below $115,
you've got a real gift.
Price target to buy: Under
$115.00
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SNE |
48.97 |
na |
Sony (SNE)
SNE - You know, SNE is
one of those companies where
it's not as bad as it used to
be. I mean, SNE is really
a game play and so, therefore,
it's not that exciting for me,
because Nintendo is so much
better. I have repeatedly
wanted to recommend Nintendo on
this show, but I can't because
it does not trade here.
SNE is good. I recommended
it in the low $40s, when I
thought it was going to break
itself up. It has taken
its time. Not a great
stock, not a bad stock. I
would put it in the 'don't buy'
camp.
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CSIQ |
36.39 |
na |
Canadian Solar Inc. (CSIQ)
CSIQ - Everyone knows
that I'm ambivalent about solar
right here. I've been
recommending
First Solar (FSLR),
but the problem here is the
insider selling got so heavy
that I got pretty upset about
it. Yours is good. I
mean, it's a good speculative
play. I have not gotten
behind any of the solars,
because I have been so busy
recommending wind stocks,
because I think they make a lot
more sense. I obviously
don't like any ethanol plays.
I'm glad I steered clear of
that... sell, sell, sell! But
wind and natural gas have been
my energy plays and I'm not
going to deviate from them.
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COH |
34.55 |
na |
Coach Inc. (COH)
COH - This is a stock
that is a timing stock.
COH had a good quarter. No
one thought it would be a good
quarter. Lew Frankfurt,
who came here and did a called
shot at $27, and then it went to
$42... He explained that
the problem with the last
quarter was a Japanese inventory
issue. Initially, the
stock didn't respond, and then
it did. But it's now moved
up 8 straight points, and I do
not like retail. I would
much rather see you buy
Costco (COST),
under $70, than pull on COH.
So I am going to say no.
Wait until it goes lower.
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COST |
70.46 |
na |
Costco (COST)
See COH comments above for:
COST
Price target to buy: Below
$70.00
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SNDK |
25.50 |
na |
SanDisk Corp. (SNDK)
SNDK - I don't like
commodity technology plays.
In the end, SNDK is a creature
of other companies coming in and
slicing their margins.
I've been against the stock
since $50. It's difficult.
The CEO's a great man. I
like the company's products... I
use them. I use them in my
cell phone, I use them in my
camera, but I cannot get behind
a commodity tech play. The
only one I'm in favor of, in
that whole commodity tech
business, is
Skyworks Solutions (SWKS),
because I think he's been able
to differentiate and have enough
proprietary technology...
Obviously, he's chips... you're
talking about a different kind
of proprietary technology.
But that's the only one I'm
behind.
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SWKS |
10.81 |
na |
Skyworks Solutions Inc. (SWKS)
See SNDK comments above for:
SWKS
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AAPL |
185.64 |
na |
Apple (AAPL)
AAPL - Let me give you
the philosophy that I have
outlined repeatedly on Mad
Money, and I think will help
you... I recommended AAPL
in the $120s. I said that,
as we got closer to the launch,
you should sell...
(buzzer sounds)... Using
100 shares as the increment, you
sell 25, and that was on
Friday... and you were supposed
to sell 50 yesterday, and you're
now playing with the house's
money. You stay long the
last quarter (of the shares you
have left). You can't lose
money. You're playing with
the house's money. Now
some people will say, Jim,
that's a trading-oriented
philosophy. We are in a
horrible market. Everybody
knows that. The only
things that are working are oil
and gas and minerals... and you
get a day like today, where they
feel awful. So what I'm
saying is, if you're not nailing
down big gains - at least some
of the gains - you're being
imprudent... you're being
irresponsible. You should
have sold 3/4 of your AAPL, for
those of you who bought AAPL
when I suggested... The
other 25%... we're holding on
for dear life. There's no need
to sell it, because it's the
house's money.
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SBUX |
17.84 |
na |
Starbucks Corp.
(SBUX)
SBUX - I thought that
when Nelson Peltz got involved
that we'd get a quicker
reaction. Here's what I've
been saying on SBUX... I
talked to Howard Schultz, the
man who's come back, after Jim
Donnell was relieved... Jim
Donnell was actually a good man,
but they over-expanded... I told
two things to Howard Schultz...
You need 18 months. That's
how long it took to turn around
McDonald's
(MCD*),
which a stock I own for
my charitable trust... which is a
great situation. It took
them 18 months... And second,
they've got to cut stores...
they've got to close stores.
They're still not doing that.
My target for this stock would
be around $25, 18 months from
now. Right now, I've been
saying it's going to trade
$16-$18, $16-$18... You're
at the top of the range in the
middle $17s. I would not
buy the stock.
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BC |
13.34 |
na |
Brunswick Corp. (BC)
BC - This is a great
story, and there's a bunch of
them like this... I'm going to
put BC in this... I'm also
going to say that
Masco (MAS)
is like this and
Fortune Brands (FO)...
These are fabulous managements
coping with an unbelievable
problem. In BC's case, you
have oil that's a problem...
these things use a lot of oil...
You've got a big, big problem in
terms of the big ticket in
discretionary spend... So, the
bottom line is you don't need a
boat... you don't need a boat.
It's like a
Harley-Davidson
(HOG)...
But I can't behind BC. I
want to get behind management so
badly. I want to get
behind MAS, I want to get behind
FO, but things are over-running
these companies right now, and I
can't be a buyer of that stock,
as much as I like it.
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MAS |
17.45 |
na |
Masco (MAS)
See BC comments above for:
MAS
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FO |
66.55 |
na |
Fortune Brands (FO)
See BC comments above for:
FO
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[
end of lightning round ] |
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BACK TO TOP |
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Lightning Round
Stock Picks and Comments
for:
Wednesday, June 11th, 2008
(see all Lightning Round
stock picks/comments below
for this night... ) |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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CSX |
63.60 |
na |
CSX Corp. (CSX)
CSX - First of all,
it's run by the
unbelievably-fabulous Michael
Ward, whom I praise. It
then caught one of the greatest
runs ever. I actually
mention him in
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