Cramer's Lightning Round: Honeywell Is a Winner (11/24/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday November 24.

Bullish Calls:

Nike (NKE): “Nike had a monster quarter. The stock is down big. I think that is a mistake…I like VF Corp more than Nike.”
VF Corp (VFC)
Honeywell (HON): “…it’s a total winner.”
U.S. Steel (X), Nucor (NUE): “Why buy Steel Dynamics when I have U.S. Steel all the way near its 52-week low and I got Nucor flirting with 30?”
RPM International (RPM): “Missed the quarter, but it has a 6.5% yield. I’ve always liked that company…buy, buy, buy.”
General Cable (BGC): “If you think there is a genuine infrastructure program coming of some note, then it is time to buy that incredibly depressed stock that really has been driven down by hedge funds gone wild.”
Hewlett-Packard (HPQ): “…reported an outstanding quarter.”

Bearish Calls:

Eastman Kodak (EK): “I say ixnay on EK go to HPQ.”
Steel Dynamics (STLD)

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Comments

[ralpht:]

I enjoy your daily e-mails. Very good service!

2008 Nov 26 06:45 AM

[Norman Lepo...:]

Anyone who listens to Cramer needs Psychiatric therapy.

2008 Nov 26 10:58 AM

[BadCompany:]

Have you seen the new clip on CNBC in which Cramer says to be wary of people who go on television and call bottoms?

www.cnbc.com/id/279252...

I guess he forgot about this:

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday, July 30.

“It smells to me like something, in fact many things,” he said, “have at last changed for the better.” “I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15.” With earnings coming in strong across the board, except in the financial sector, Cramer said the markets may finally be leaving the bears behind. He said the negativity in the market is striking. He cited an investor intelligence survey, which indicated that only 30% of investors are bullish, while 50% are bearish on the markets. "It's always darkest just before the dawn," he said.

2008 Nov 26 11:24 AM

[capital pains:]

In no way am I defending Cramer...However, remember the math in playing the market which has more and more resembled a casino -
where hour to hour you're up, down, and sideways: The average investor is playing against the house ..The house being the unwinding, dying hedge funds - The anti-Christs ! Consequently, more than just a bit of luck is involved with stockpicking success or failure..A whole lot of luck is needed ...
Whether you are a casino gambler or a sports bettor the same math applies to the market: Be right 63% of the time and manage your money correctly, ie; discipline and stoicsm..Emotional gamblers are always losers..Just as important: Do your homework ..Research, and take your best shot..Don't ever fight the tape...
Cramer is not right 63% of the time..Matter of fact, he performs no better than any other prognosticator out there..It's your money, lose it or make it on your own...Cramer is for entertainment value only ..
Ah yes, the last ingredient: Pray !!
Good Luck to All ...

2008 Nov 26 08:17 PM

[jdh0258:]

4 weeks ago, Cramer had USS in the tank....four weeks later he is bullish on it with the automotive industry down, no one buying durable goods, two of USS most productive US facilities just got winterized and who knows for how long and God knows what all???!!!!.......Crame... vacillates more than Nancy Pelosi!

2008 Dec 07 09:31 AM