Cramer's Lightning Round - The Ultimate Obama Play (1/8/09)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday January 8.

Bullish Calls:

MasTech (MTZ): “I recommend it right here. Mastech is the ultimate Obama play now.”
DryShips (DRYS): “You got it…I feel very strongly this is going to be a winner. I see the Baltic dry index has bottomed…China is coming back.”
Heinz (HNZ): "How the heck can this one be yielding 4%? People think it is too levered to the dollar…I like Heinz; it has been disappointing but I think it will come back.”

Bearish Calls:

CSX (CSX): “Boy this stock has come down and come down big …until I know more, I am going to say don’t buy. It doesn’t have a good yield.”
Halliburton (HAL): “This stock is uniquely levered to natural gas and has had a nice move. I don’t know what the quarter is going to be. I’m going to stick with it but I don’t want you to buy. These stocks have had a big move, and I don’t trust them at this level.”
Las Vegas Sands (LVS): “ I want you to take profits…I still don’t like casino gambling. It is still dependant on Macau.”
Indevus Pharma (IDEV): “I want you to sell IDEV..You just had a very big gain from that (merger with Endo). I need you to take a profit right now. I want you to sell it.”
Endo Pharma (ENDP)

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Comments

[Richard Col...:]

Good ol' Cramer __ still reporting history instead of news. It seems his "lighting round" is running on a nine volt battery these days.

I do watch Cramer on occasion; he's my favorite comedy act, since Rodney Dangerfield has passed. The "no respect" gig is always funny.

I do have some advice for Cramer:
If you don't like casinos, get out of the securities market __ it's the biggest casino of all. And, it will remain a casino until Congress pumps some starch into the backbone of the SEC and increase its size by about four fold, to police the crooks.

Richard Collins
Claremont, CA

Jan 09 11:59 AM

[momomiester:]

AHHA Drys after it went up 4 fold. NIce cramer!. Hey what about those weird deals they did. LIke buying a ship cancelling it and giving up a big fee? Oh and wasn't the company they bought it from tied to the president?

Jan 09 02:48 PM

[sr9web:]

Cramer pumping DRYS?

Time to sell !

Jan 09 11:12 PM

[Maxe Paul:]

When Cramer calls a bottom, sell, like he has on the Baltic index. Cramer has called more false bottoms on the s&p than a liposuction medic has seen.....false bottoms.

Jan 10 01:05 AM

[stockguru32:]

Cramer is out of touch and senile. China is coming back, ha. He has never been to china probably and knows nothing of their culture. This guy knows China pretty well at crashmarketstocks.com

Jan 10 01:55 PM

[drone:]

Who is this Cramer. I no like what he says.

Jan 10 10:46 PM

[punk_ash:]

The real problem is that there are too many Cramers, they do not do productive work and try to make a living off of others.

Jan 11 01:05 AM

[zug:]

Whenever I see any mention of Cramer these days I on a web site, I feel obliged to warn people off. True, he's entertaining and he is intelligent of course and does have some insights into the financial system, but don't take his stock picks seriously. He's just momentum and a bull-market investor. If he ever had "it" meaning the knack for stock pikcing, he lost it a long time back. I lost money in the following Cramer picks: NYX, Sears, Boeing, AIG, Lundin Mining, and these losses were well prior to the October 08 crash. Also notice he will not review his past performance as other responsible "media" investors do (e.g. Jim Jubak and James B. Stewart, both of whom tend to get it right far more often). Soon we should start a Cramer-cancellation-co... eh?

Jan 11 10:24 AM

[oldgoldbug:]

re:zug - I agree -- Knew about SHLD but AIG? Ouch. He seems to be a little more modest these days, prefacing comments with "I've been wrong....."

Jan 11 12:03 PM

[justsaysorry:]

Well let's give Cramer a little break considering that majority of the analysts in the banks are wrong these days as well. But with respect to LVS, I'd say it's fair value is closer to $20/ share. I may be wrong, cause I work in a bank and of course banks are always wrong these days, but I do come from Singapore, and I do have a little bit of info. why this is so. Well, all LVS really needs to do to get the ban lifted is just humble down and say sorry for insulting the official they insulted at their venetian resort.(By the way I do know someone who has ties to this official, so I do have good reason for saying so) Plain and simple, and the ban will be lifted. Chinese can be harsh when teaching lessons but we forgive easily if we are shown a little bit of respect, which is what LVS has failed to do. (Cultural sensitivity... Something western businesses need to learn sometimes.) And well of course some of you are wondering if after the ban is there still money in China to be gambled? Well of course! They are one of the major economies not in RECESSION. They only have slowed growth to a forecasted 8% this yr. Still better than most of the 1st world countries I know. And Chinese love to gamble, it's in their blood. In fact this ban is hurting them as well.... So is LVS worth $20/share? Well I think it depends on whether they know how to say sorry properly.

Jan 12 07:29 PM

[sr9web:]

told you!


On Jan 09 11:12 PM sr9web wrote:

> Cramer pumping DRYS?
>
> Time to sell !

Jan 16 01:58 AM