Cramer's Lightning Round - I Like Nike (10/30/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday October 30.

Bullish calls:

Nike (NKE): “I recommend Nike as a better play instead. Let's buy that one under $50 a share."

State Street (STT): “I was worried about them, but now I think this one is a buy. I think they took the Fed money and I like State Street."

Coach (COH): "This stock is just going to mark time. No one wants to invest in high end handbags, but I'm a buyer of Coach. Their CEO will turn this one around."

Abbott Laboratories (ABT)

 
Bearish calls:

Mosaic (MOS): "The fertilizer business is a commodity business and I do not want to be in them after this bounce. Sell them where they are."

Under Armour (UA): "UnderArmour reported a good quarter but it didn't matter. Philips Electronics (PHG): "This has a lot of healthcare and that business is real bad right now. I do not have a catalyst for that one, so don't buy."

 

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Comments

[geoinvest:]

Not sure I understand the UA comment. It is up substantially sine that earnings release.

2008 Oct 31 11:02 AM

[maelstrom:]

my God a month ago you didn t like COH do you have a memory deficite

2008 Oct 31 05:38 PM

[einstein p ...:]

The consumer is tapped out--- credit card defaults and foreclosures are still rising, along with unemployment. Consumer sentiment hit an all time low.

Cramer is recommending NKE and COH, but doesn't like UA? On the other hand, he doesn't like the department stores, which makes sense in this environment. So, how could you possibly like NKE or COH, other than the fact that they own their own stores and direct distribute at higher margins.

MOS reported a terrific quarter, as did POT ---- and everyone is downgrading the stocks, including Cramer, at the lows. Interesting that no one downgraded either company 100 points higher.

The sister mother routine with Cramer may not be a routine.

2008 Nov 02 05:22 PM

[JBP:]

Cramer makes horrible calls and why people follow him is a mystery to me...

2008 Nov 04 01:45 PM

[bud357mag:]

I ask, why in the world would an item dated oct 31st be allowed on todays blog .with the market moving so fast this is OLD NEWS five days later ,come on, lets at least try to stay with the market people, today is 11/06/08 in case you haven't noticed .

2008 Nov 06 06:38 PM