Cramer's Lightning Round - Johnson & Johnson 'Is' America

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday February 24.

Bullish Calls:

Johnson & Johnson (JNJ): “Warren Buffett, Mr ‘Buy America’ sold America… JNJ is America. JNJ is so cheap…I wanna buy it.”
AT&T (T): “I like letter T…let’s pick up some AT&T for that bountiful yield and great management. I say two thumbs up.”
Maximus (MMS): “This is another consulting program stock. This is another unbelievable Obama play…they make a lot of money off the government. This is the business Obama has chosen.”

Bearish Calls:

Silver Wheaton (SLW): “We are not silverteers. We think gold is the metal of choice and we are buying gold into the weakness.”
First Midwest Bancorp (FMBI): “I don’t care. It’s a bank stock. We don’t recommend bank stocks on Mad Money…we don’t like losing money for people.”
Jacob’s Engineering (JEC): “No, no no, we are selling infrastructure…Obama wants people who push papers and pencils and not people who push Caterpillars.”

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Comments

[Fred LA:]

Jim Cramer works for Goldman and the GOP.
He is the most biased stock manipulator around.

JEC and other Engineering / Constr companies are a buy So are solar. stocks like ESLR FSLR....
Mark my words.

Feb 25 09:48 AM

[Fred LA:]

No wonder Cramer hates Buffet. He apparently did not vote for Mccain like Him, Kudlow and Santelli did. This is a democracy and you are free to vote for whomever. However, while It's one thing to have freedom of opinion, It's a totally different thing to bash policies that are not even a month old while the policies you worshipped the last 8 years got us here.

Feb 25 10:51 AM

[Chris Santiago:]

are you kidding? cramer is a huge dem.
i think people are rightly disappointed that obama's stimulus package, which is touted to focus so much on infrastructure spending, only has a small percentage of spending allocated to infrastructure.


On Feb 25 10:51 AM Fred LA wrote:

> No wonder Cramer hates Buffet. He apparently did not vote for Mccain
> like Him, Kudlow and Santelli did. This is a democracy and you are
> free to vote for whomever. However, while It's one thing to have
> freedom of opinion, It's a totally different thing to bash policies
> that are not even a month old while the policies you worshipped the
> last 8 years got us here.

Feb 25 12:27 PM

[E.D.Hart:]

Why does Cramer even have a job? Are we so shallow as a nation that investing requires an entertainment channel? Wait, never mind, I know the answer to that one.

Bearish on SLW--because gold is the metal of choice? This isnt logical--gold and silver are highly correlated (although silver is clearly more of an industrial metal) . Both benefit from investment demand.

The total gold market is around 3 trillion, and the total silver market is around 14 billion. Guess which one moves the farthest to incremental investment demand?

SLW is also very undervalued, with little debt, and low operational risk.
Long: SLW

Feb 25 05:08 PM

[medsearch:]

Johnson & Johnson will be adversely-effected by Obama's health care reform, as will all medical suppliers. J & J has already laid-off several thousand medical sales representative to position itself for the new medical selling environment.

You may learn more about how obamacare will impact medical sales jobs at www.gorillamedicalsale...

Aug 06 04:35 PM