Cramer's Lightning Round - Only Wal-Mart (1/14/09)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday January 14.

Bullish Calls:

Joy Global (JOYG): “I think it’s dirt cheap. I prefer to buy it at a 4% yield under $20…let’s wait till the stock comes down…”
Wal-Mart (WMT): "The only retail I’m recommending in this whole great nation is Wal-Mart…I will not buy another retailer.”
Bebe (BEBE): “Bebe is a trading stock..I liked it at $5…we’ll buy it again. Remember, retail is just a trade except for Wal-Mart.”

Bearish Calls:

Spartan Stores (SPTN): “No, the only retail I’m recommending in this whole great nation is Wal-Mart…I will not buy another retailer.”
Norfolk Southern (NSC), CSX (CSX): "No, I'm not recommending any of the rails. Even though they're at their lows, they're too levered to commodities and autos."
Procter & Gamble (PG): “I think it’s going to have just a so-so quarter…I think it is a second half of 2009 story…I would be very careful after their report. I think this stock could go to $55.”
Manitowoc (MTW): “No. This is a crane play and there are too many Cranes. I’m not the least bit interested in buying MTW. Sell, sell, sell.”
Halliburton (HAL): "I think HAL is a sale. I think natural gas is going to $4, maybe $3. That means HAL is going to have things really bad.
Delta Airlines (DAL): “Listen, I never recommend an airline stock on this show…Delta might be the only airline to really have a good balance sheet…if someone put a gun to my head, I’d say buy Delta…but don’t buy, don’t buy.”

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Comments

[lookingout:]

This guys going to hurt you if you listen to the HAL suggestion. Good management, executuon and plan will move it back up.

Jan 16 10:45 AM

[einstein p ...:]

JOYG at 20 sounds like a good entry point for those who are not in the stock already. The yield is around 3.5% Would like to see it test 15.5 again to more, but it's a solid company.

With the BDI moving up, the commodities should follow including gold, coal, iron ore, and fertilizer. Just one way to play with a solid dividend.

Like the dry bulk shippers as well, but it's becoming less and less of a dividend play and more geared toward the survival of the fittest. Interesting for the long term, but tough to decipher in here.

JOYG is an easier play ---- unless you prefer BUCY.

Jan 26 07:36 PM