Cramer's Lightning Round - Ceasefire on Northrop Grumman (11/12/08)

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money program Tuesday, November 12.

Bearish Calls:

Principal Financial Group (PFG): “[Goldman Sachs’] favored idea is to sell PFG because it has to raise capital… which means the stock goes lower…I’m going with Goldman’s analysis.”

Yamana Gold (AUY): “I think there is a place for gold in absolutely every portfolio…but right now we are in a deflationary cycle…it missed the quarter badly…”

 Manitowoc (MTW): “I think they really blew up with that aquisition…I think that is still a sell even down here…”

 Northrop Grumman (NOC): “I have to tell you defense contractors are a sale under Obama unless we see otherwise…very well run, just not a good investment at this point.”

Chicago Mercantile Exchange (CME): “Earnings very strong… it’s a hot bull marketstock, but there are bad holders there…[who will] sell if they need to raise capital. Look at it again in January.”

Comments

[ritr54:]

how can u luv a stock at 14 and hate it at 3? Is the world coming to an end next week- which seems to be ur time horizon. Ur advice is crap!!!!!!!!!!!!!

2008 Nov 14 12:59 PM