Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday June 21. Click on a stock ticker for more analysis:
Raspberries until Blackberry: Research in Motion (RIMM)
While the market is up, Cramer suggests making trades, and recommends Research in Motion as a short-term play. The BlackBerry manufacturer, after reaching a $90 peak in March, has been reporting terrible quarters. However, the company is set to introduce a new 8700 BlackBerry model, which is currently offered by Cingular, and Verizon (NYSE:VZ) will also pick up the product this summer. Since this stock is volatile, Cramer suggests buying RIMM now and selling it after the 8700 Blackberry appears on Verizon's shelves.
Cramer observes that General Electric (NYSE:GE) and Siemens (SI) are buying medial-device companies, and $60 billion has been spent on acquisitions in this sector, which is expected to rise as the baby boomers get older. The merger between Intermagnetics General (IMGC) and Philips Electronics (NYSE:PHG) and the acquisition of Diagnostic Products (DP) by Siemens meant huge profits for people who owned the stock, and Cramer suggest buying with a view to the next big acquisition. Viasys Healthcare, Cramer points out, has low debt, plenty of cash, and is a good speculative play. This company makes surgical products and medical equipment, and its lung and orthopedic areas are especially advanced. Vital Signs (VITL), which makes anaesthetic and respiratory equipment, also has a good cash supply. Sirona Dental merged with Schick Technologies on Tuesday.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.