Cramer's Lightning Round - Stan O'Neal Wrecked Merrill Lynch (11/17/08)

tocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday November 17.

Bullish Calls:

Weyerhaeuser (WY): “They are breaking it up into a lumber trust. I think its okay…its okay for heaven sake…I’m just stunned by how bad stocks are.”

Nordic American Tanker (NAT): “I’m recommending NAT right here…the Baltic Dry Index has actually been good for a couple of days.”

Duke Energy (DUK)

Molson Coors (TAP): “That was one of nine stocks that actually had a good-looking chart …that stock is the stock I want to buy right here.”

Campbell Soup (CPB)

General Mills (GIS)

Bearish Calls: 

Aetna (AET): “ No no no no we don’t like the managed care business…We’re not going to buy anything in that industry especially with Obama in the White House…”

 Merrill Lynch (MER): “ I will say this:  Stan O’Neal wrecked that company…what they did with that company...that is a great American company and they destroyed it.. and where is the investigation on them?”

Frontline (FRO) “I have switched, and the only one I am recommending is NAT…”

Chicago Bridge & Iron (CBI): “They missed the quarter really, really badly someone just ought to go buy every one of these… I’ve never seen an entire industry become dead beat like this.”

Ameren Corp (AEE): “A little too aggressive …I’m sending you to Duke.”

ConAgra Foods (CAG):  “I got a dozen food companies doing well…and you come on with the one food company I’m not interested in.”

 

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Comments

[weargue:]

Why is anyone paying attention to this Cassandra anymore?

2008 Nov 18 10:17 AM

[4Annie:]

Yes. As a contrarian indicator only. Doing opposite of his rantings seems to yield better results.

2008 Nov 18 12:50 PM

[einstein p ...:]

Didn't Cramer recommend AZN a couple of weeks ago ---- about 10 points higher than it is now? Guess the pharmaceutical companies aren't the safe haven they used to be either ---- then again, what is?

2008 Nov 19 11:49 AM

[jazzbuff37:]

I RARELY SAY ANYTHING NEGATIVE ABOUT PEOPLE. HOWEVER, I HAVE COME TO THE CONCLUSION THAT JIM CRAMER IS "A GIANT IN HIS OWN MIND"!!! I FIND HIS SHOW SOMEWHAT ENTERTAINING. HOWEVER, I HAVE FOUND THAT, AFTER DOING MY OWN RESEARCH ON HIS "RECOMMENDATIONS, APPROX. 95% OF THE STOCKS HE HAS RECOMMENDED HAVE LITTLE, OR NO SUBSTANCE.

HE IS INFLUENCING A GROUP COMPRISED PRIMARILY OF YOUNG, UNSOPHISTICATED BUYERS INTO BUYING ON HIS RECOMMENDATIONS. THUS, SHOWING AN IMMEDIATE POP IN THOSE STOCKS. HOWEVER, IN THE LONG HAUL. THE MORE SAVVY INVESTORS HAVE TAKEN THEIR PROFITS AND THE STOCK FALLS DRAMATICALLY.

I'M SORRY, BUT THIS SMACKS OF A GIANT PUMP & DUMP SCHEME. IT SEEMS THAT HE IS PROMOTING A WAY FOR HIM TO GET OUT OF HIS BAD INVESTMENTS WITH A PROFIT. I CONSIDER WHAT HE IS DOING AS CRIMINAL. I FOR ONE WOULD NOT MISS HIS RANTINGS IF CNBC WERE TO DROP HIS SHOW.

2008 Nov 25 01:51 PM