Cramer's Lightning Round - Con Ed Has Bottomed (1/12/09)

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday January 12.

Bullish Calls:

Con Edison (ED): “I’ve got stocks like Con Ed…it is so obvious Con Ed has bottomed here.”
BP (BP): “I am going to buy BP because I want yield.”
Salesforce.com (CRM): “If you are a believer in a high growth stock and if you think we are going to have a strong second half and if you like fabulous management…then I think you should buy…I am a little more conservative. I don’t have a good dividend, I don’t have a recession resistant stock, but I am not going to tell anyone not to buy that stock.”
Philip Morris International (PM): “Now you know you got a winner there…I think PM at $41 is a knock down drag out buy right here.”
Wells Fargo (WFC), JP Morgan (JPM): “There are only two banks I am going to recommend…JP Morgan on the way down and Wells Fargo on the way down.”

Bullish Calls:

New Alliance Bankshares (NAL): “It doesn’t have that big yield. Sell, sell, sell. We’ve got to be very careful liking any banks at all. That group has gotten dangerous."
Radio Shack (RSH): “Sell,sell, sell. I don’t want anything to do with consumer electronics…let it come in. We can look at it lower later.”
OGE Energy (OGE)
SandRidge Energy (SD): “I am going to buy BP because I want yield.”

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Comments

[herbert hoover:]

Listening to Cramer will rot your mind ... and your wallet.

Jan 13 08:53 AM

[cashola:]

hey
has Cramer updated his staus on Band of America?
i see hes not got a fortress TWO?
but he's not saying it...

is BOFA something i was supposed to dump last month.
the dividend IS high though...

if someone knows a date or has a link on that
please pass it
thanks!

Jan 13 10:41 AM

[overtaxed42...:]

From PM's SEC filing, a quote straight from the CEO's mouth:
"The other major contributor to our 22% income rise was currency, which contributed $749 million through the end of September.

(SLIDE 12) This significant currency variance reflects favorable average exchange rates through September versus the prior year. Regretfully, what the Lord giveth, he taketh away and the US Dollar has enjoyed a significant reversal of fortune in the last couple of months given its relative safe haven status. This reversal, if sustained … and that is a big if … given the huge dual deficits that burden the US economy, will undoubtedly constitute a significant headwind to our reported results next year."

Jan 22 04:56 PM