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Wednesday, July 30th, 2008 Garmin Limited (GRMN) -- “I consider it a commodity and I do not like commodities. Garmin could fall substantially from these levels. Sell! Sell! Sell!” Huntington Bank (HBAN) -- “I am still not going to get behind Huntington. Sell into any rally. I like JPMorgan (JPM), Bank of America (BAC) and US Bank (USB).” Authentec (AUTH) -- “No, No. This one is too speculative.” Thoratec (THOR) -- “The stock is in the right kind of group but I have not finished doing research so I can’t recommend.” a2a_linkname=”Bearish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/07/30/bearish-calls-3/”;
Bullish Calls
Wednesday, July 30th, 2008 ABB Ltd. (ABB) -- “The stock was down last week they reported a monster quarter. I went over it with a fine tooth comb. The report was bullish. I see it going to $32.” General Electric (GE) -- “General Electric like ABB is an infrastructure play. I like them both. I see GE going to $30.” Wells Fargo Bank (WFC) -- “I like Wells Fargo a lot more than Huntington Bank.” Transocean (RIG) -- “Transocean is out of favor because oil is down. I think you are right to concentrate on value. The stock has a P/E under 9. I am not abandoning the stock it is too good. The stock is going lower but I want to Buy, Buy, Buy.” a2a_linkname=”Bullish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/07/30/bullish-calls-3/”;
Your First Move on Tuesday July 29th 2008
Tuesday, July 29th, 2008 Macke says buy Financial Select Sector SPDR (XLF) at down 4% or more. Adami likes Becton Dickinson (BDX). Finnerman picks Transocean (RIG). Najarian would buy Financial Select Sector SPDR (XLF) at under $17.50. a2a_linkname=”Your First Move on Tuesday July 29th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/29/your-first-move-on-tuesday-july-29th-2008/”;
Walt Disney Today
Friday, July 25th, 2008 Despite a 283-point drop in the Dow, $300 billion is going to the Federal Housing Administration to help bail out struggling homeowners and more importantly gas prices continue to fall and fall hard, he said. That's why he's looking for stocks that will benefit from falling fuel prices. According to Cramer, that stock is Walt Disney. Despite being beaten up by the market and analysts over fears of rising airfares, Cramer said he's turning negatives into positives by looking closer at Disney's business. While Cramer agreed that airfares are rising, he pointed to a recent study which stated that auto traffic to Disney World has been steadily increasing, not decreasing. “The analysts are only counting airplanes,” he said. In addition, room rates around Disney World have been falling, with 75% of rooms now being classified as moderate to value in price. Furthermore, Cramer said the weak U.S. dollar makes traveling to Disney World cheaper for the rest of the world. He likes Disney's other businesses such as ESPN, a premium cable property that is doing exceptionally well. He called the analysts “way behind the curve” in their estimates for the stock. “Disney is all about franchises,” said Cramer. While Disney World may be experiencing a decline in attendance, Disney is working on new ones like Wall-E, High School Musical and Hanna Montana, he said. He recommended buying Disney on any weakness, especially if it falls below $30 a share. a2a_linkname=”Walt Disney Today”;
a2a_linkurl=”http://www.blogastock.com/2008/07/25/walt-disney-today/”;
Trading Psychology Cramer’s Mad Money (7/25/08)
Friday, July 25th, 2008Don't Buy and Hold
In spite of the fact that Cramer was a money manager "with a terrific track record" he admitted to having made every mistake he describes in his book, Jim Cramer's Real Money, Sane Investing in an Insane World, as well as every faux pas mentioned in his new publication, Jim Cramer's Mad Money: Watch TV, Get Rich. Cramer identifies the single worst and most common mistake as adopting a "buy and hold" strategy, which is disastrous because "it's just not true that your stock will necessarily bounce back." Just hanging onto a stock might have worked 30 or 40 years ago when "taxes were high and commissions were even higher," but in today's world, investors need to do homework on their stocks, and investors who don't have the time to research their investments on a weekly basis should go into mutual funds.
Don't Dwell on Regrets
Although Cramer says he is the worst offender when it comes to this vice, he urges investors not to waste precious time grieving over past mistakes, since one "cannot afford to get thrown off their game." Instead Cramer emphasizes the importance of going forward and not losing confidence.
Tips are for Waiters not for Traders
"You have to discipline yourself so that you never, ever take a tip seriously," Cramer said, and he discussed the non-existence of real stock tips. For instance, if someone would say that Nokia is about to buy Research in Motion, the only way he would know is if he were an insider, and taking a tip from an insider is illegal. Cramer emphasized the importance of avoiding temptation in such a case: "Having the Securities and Exchange Commission investigate you is pure hell even if you haven't done anything wrong," he said. "Imagine how bad it would be if you were actually guilty of something." However, A non-insider who would tell an investor about a potential, unpublicized merger would have no basis for knowing, and should also be ignored: "If you get a tip, it's either illegal, incorrect or straight-up manipulative."
Diversify, Diversify
"I like to think that I'm universally loved, but people really tend to hate me when one sector is en fuego and I tell them to take some money out of it and spread it around because you can't keep all your eggs in one basket," Cramer said. However, once the "hot" sector falls out of favor, people thank Cramer for telling them to stay diversified. Cramer warns investors not to have more than 20% of their money invested in a single sector. "You absolutely must stay diversified, and this rule can't be bent, broken or spindled."
Don't Buy an Entire Position at Once
"The single most arrogant thing you can do as an investor is buy your whole position in a stock at once," Cramer said. Investors who buy incrementally make more money and do not have the regret of having jumped hastily into a stock. Cramer suggests looking for opportunities to buy gradually.
a2a_linkname=”Trading Psychology Cramer’s Mad Money (7/25/08)”;
a2a_linkurl=”http://www.blogastock.com/2008/07/25/trading-psychology-cramers-mad-money-72508/”;
Cramer’s Stop Trading! (7/23/08)
Thursday, July 24th, 2008 Buy Costco (COST) Jim Cramer said to buy Costco on CNBC's Stop Trading! segment Wednesday. Cramer said it has been “really hurt by the supplier” and that he sees it as a buy. It is “very rarely put on sale,” he said, and investors should think long-term. Merger of Sirius Satellite Radio's (SIRI), XM Satellite Radio (XMSR) Cramer said “the merger of XM Satellite Radio and Sirius Satellite Radio's is “going to be a powerhouse.” However, he mentioned, investors have to be careful because it will have to refinance. When host Erin Burnett inquired if satellite radio will survive, Cramer said that the facts indicate that “people do like the product.” “I am willing to speculate with Sirius,” he said. A Big deal: XTO Energy (XTO) “XTO does a deal tonight,” Cramer predicted. He said the stock has fallen almost 40 points and that “for even a trade, I'd participate in the darn thing.” Not a Lot of Bad Loans: Hudson City Bancorp (HCBK) Moving on to Hudson City Bancorp, Cramer said that the reason this New Jersey-based bank doesn't have a lot of bad loans is that “New Jersey does not have a lot of bad loans.” It “makes you put down a lot of money,” he said, and it's hard to walk away from that. a2a_linkname=”Cramer’s Stop Trading! (7/23/08)”;
a2a_linkurl=”http://www.blogastock.com/2008/07/24/cramer%e2%80%99s-stop-trading-72308/”;
Bullish Calls For 7/21/08
Tuesday, July 22nd, 2008 # Windstream (WIN) -- “I love a good dividend.” # AT&T (T) -- “I like it between $30 and $32.” # Verizon (VZ) -- “I like Verizon too.” # 3M (MMM) -- “Pull the trigger. Put in 25 here and another 25 at $65. I am astonished the stock is down $30.” # Honeywell (HON) -- “This is a great American Company like United Technologies (UTX), Parker Hannifin (PH), and Eaton (ETN). They will be back. They are well run, have great balance sheets and have great dividends.” # Otter Tail (OTTR) -- “An amazing stock. Why? Wind is rolling out.” # Timken (TKR) -- “This company had a better than expected quarter because of wind. # Nexen (NXY) -- “There has been a major overreaction in natural gas. The stock is too cheap here not to buy but as they go up take profits. a2a_linkname=”Bullish Calls For 7/21/08″;
a2a_linkurl=”http://www.blogastock.com/2008/07/22/bullish-calls-for-72108/”;
Bearish Calls Friday July 18th 2008
Friday, July 18th, 2008 Sonic Corp. (SONC) -- "This stock has been annihilated. This is a high quality company being slaughtered by ethanol. I want to buy it but not until we stop the ethanol mandate." Cramer mentioned that Wall of Shamer Hector Ruiz is out as CEO of Advanced Micro Devices (AMD) a2a_linkname=”Bearish Calls Friday July 18th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/18/bearish-calls-friday-july-18th-2008/”;
Bullish Calls Friday July 18th 2008
Friday, July 18th, 2008 Ferrellgas Partners (FGP) -- "This stock yields 10%. I have no idea how it could get down so much. I want to own it." Energy Conversion Devices (ENER) -- "Take advantage of this company. This is one of the absolute finest alternative energy plays. It's got some downside but I like it." AT&T (T) -- "You have got to buy this stock. It is preposterous that it is as low as 31. I would not hesitate to buy it. It has a 5% dividend." MetLife, Inc. (MET) -- "This is a high quality insurer – the single besting life if not all insurance Chubb (CB) included. Take advantage of their decline and pull the trigger." Marathon Oil (MRO) -- "This stock is an example of the lunacy of this market. I would go buy the whole darn company. Buy! Buy! Buy!" a2a_linkname=”Bullish Calls Friday July 18th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/18/bullish-calls-friday-july-18th-2008/”;
Bearish Calls July 16th 2008
Wednesday, July 16th, 2008 American Apparel (APP) -- "I have hated it since it came public. I just don't like the company." AerCap Holdings (AER) -- "Airplane leasing is a terrible business. These stocks are all bad." a2a_linkname=”Bearish Calls July 16th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/16/bearish-calls-july-16th-2008/”;