Jim Cramer's Lightning Round - Freeport's Feeling the Pain (11/20/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday November 20.

Bullish Calls

Teva Pharamceuticals (TEVA): “I like the pharm sector. It is not financial-oriented…The shekel is the strongest currency in the world because Stanley Fischer who is Minister of Finance in Israel did not screw up. Congratulations to him!

Alcoa (AA)

Flowers Foods (FLO): “Flowers is a good company. It has restructured. This is the kind of company I like because people still eat bread even as the stocks fall. I ate cat food…”

Family Dollar Stores (FDO): “Is one of best performing stocks in the S&P500. If there is one stock that is going up in this environment it is FDO. No one can afford to go to whole foods anymore.”

Bearish Calls:

Fastenal (FAST): “ is deeply connected to aerospace…Alcoa is better.”

FMC Corp (FMC): “This is one of those that still has very strong commodity pricing...this company is doing quite well…but it doesn’t have a good yield and is not trading at cash.”

Freeport-McMoRan (FCX): “Pain! It is the most over-owned stock among all the hedge funds. I saw it go from 130 to 17. I am unwilling to buy until I see a bottom…do I feel the dividend is in jeopardy? Yes.”

Activision (ATVI): “These companies turn out to be discretionary. I am not going to support video games here…I am bearish.”

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Comments

[Freddobaggins:]

QuestionL Why with the housing market cratering did the FHA announce that they are lowering the ceiling on mortgage loans from $380k to $305k effective 09? Are they stupid?????

2008 Nov 21 01:28 PM

[Pat McName:]

Fastenal (FAST): “ is deeply connected to aerospace…Alcoa is better.” This quote by Cramer is absolutely incorrect. Is his bearish conclusion based on this misinformation? Better research next time, Cramer.

2008 Dec 06 10:58 AM