Cramer's Mad Money - Trouble in Wynn City (2/2/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday February 2.

Bullish Calls:

McDonalds (MCD): “My favorite chicken play is McDonald’s… let’s buy some shares of MCD.”
Varian Medical (VAR): “I think the hospitals are going to be a struggle but it doesn’t matter. It is a quality company. And I do believe Varian will turn out fine.”

Bearish Calls:

Wynn (WYNN): “ I like the WYNN bonds more than the common stock… I am very concerned this whole group is going appreciably lower…I think that one is T-R-O-U-B-L-E!”
Tyson (TSN): “I think that is a problematic situation…CEO Richard Bond recently left the company…the problems at Tyson are too difficult for anyone to manage.”
American Capital (ACAS): “No…two bucks downside and you are going to get it.”
Manitowac (MTW): “I’m double and triple selling that one.”

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Comments

[PauvrePapillon:]

A BUY from Cramer = The Kiss of Death.

Feb 03 09:41 AM

[Michael Del...:]

PP,

It does not matter what JC says. It's your money so it's your choice. He just threw out a couple of ideas. What do YOU think about MCD and VAR? That is all that really matters. What Jim Cramer thinks is not going to move these large stocks up OR down.

Feb 03 01:16 PM

[AJ1243:]

I don't believe anything that spells a company's name wrong. ManitowOc.

Feb 03 08:55 PM

[ravensorioles:]

WYNN goes from 175 to 27 and NOW cramer days its a sell???
What a complete idiot!! Even last week it was at 35 and 2 weeks about 40 and even then it was a sell but AFTER it just dropped hit a new low and bounced off the low- NOW its a sell???
this stock could easily go up a quick 20% from here (and it would still be down big.) But to short or sell here probably is a big mistake as in 5 years WYNN will probably be at least 50 a share.

Feb 04 07:23 AM

[Norman Lepo...:]

Boycott CNBC. As long as they have Cramer, it should not be watched. Watch FOX instead!

Feb 04 09:39 AM

[Richard Col...:]

There's not a lot to add, I agree with ravensorioles and Norman Lepoff.
The only change is in 5 years is that Wynn will be way over 300. a share as they are cash rich and profits are growing. They will build a casino in Japan and who knows what else, as Steve in very innovative
Steve Wynn caters to the high end gambler very successfully.

NITWITS in high places is the reason the economy has tanked in the first place. Who is listening to Cramer's gastronomic expulsions? Yes, you are correct __ NO ONE.

Daniel Kowkabany

Feb 04 11:05 AM

[Kurt, Arkansas:]

Tysons is a buy regardless of what Jim says. He said it was a bad buy at $4.50 in mid November. It's above $9.00 today. Oil down, feed down, Tyson stock up. The price of chick will go back up. It's as simple as that at this point.

Feb 04 12:52 PM

[Richard Col...:]

I love it, every comment criticizes Cramer.

The negative comments by Cramer and the bankrupt banks is what causes the market to go straight down.

Daniel Kowkabany

Feb 04 02:30 PM

[PauvrePapillon:]

I jokingly referred to Cramer’s BUY as a “kiss of death” because it seems like he goes long on a lot of stocks after they have made a big move up and have run out of gas. Anecdotal evidence aside, you can track all of Jim Cramer’s picks at Motley Fool. He’s an interesting case. His accuracy rating is below 50 percent, which means he is wrong more often than he is right. However, his score is high, which means his winners make larger moves than his losers. His overall rating puts him in the 83rd percentile (82.16) and rates him an All-Star.

caps.fool.com/player/t...

Pretty good but that still leaves him behind over 11,000 other Motley Fool prognosticators that don’t have their own TV show including, like this guy, about 600 or so in the 100th percentile…

caps.fool.com/player/p...

I guess it helps to yell a lot and generally act like a clown.

Feb 05 11:11 AM

[Calamity Jane:]

I would hate to know that I had to invest in anything that Jim Cramer recommended. Seems to me like he just wants to act like he knows something when he dont. If nobody paid any more attention to him than I do, he would be out of a job. In todays market, nobody knows what to do including Jim Cramer. He is a big blow. Not meaning to be ugly about it, just stating a fact as I see it.

Mar 03 03:54 PM

[PeteK:]

Just like yelling "FIRE" in a theatre
and get away with it.
Nowadays one little sneeze can scare lots of people.

Mar 12 01:44 AM