Cramer's Lightning Round - Taking a Shot at HSBC (3/17/09)

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program,

Bullish Calls:

Dominion Resources (D): "We've got Dominion Resources with a dividend, a great management and a lot of renewable energy."

Research in Motion (RIMM), Apple (AAPL): "I like Blackberry along with Apple, but I've been wrong on this one, so I'd rather not opine and make a recommendation."

AFLAC (AFL): "There was an article talking about a coming short squeeze in the insurers. If you want to play that pop, you should look at AFLAC and Metlife."

Nordic American Tanker (NAT): "I want to buy Nordic American Tanker, where I have more conviction. As shipping rates stay high, that one does well."

NYSE Group (NYX): "They have the dividend to pay you to wait for a turnaround."

HSBC Holdings (HBC): "I want to be in this one. I think it works and I'm willing to take a shot at it."

AT&T (T), Verizon (VZ): "I say yes to AT&T and Verizon . I'm a huge buyer of both companies."

Bearish Calls:

Entergy Corp (ETR): "It's OK, it's not great."

Manulife Financial (MFC)

Molson Coors (TAP): "They are not taking any market share. I don't want to buy it. They might not have it over there."

General Maritime (GMR)

Microsoft (MSFT): "I can't get excited about Microsoft. I think its dead in the water."

Clearwire (CLWR)

Alcoa (AA): "I said last week they'd cut the dividend and they did, but I'm still not a fan of the stock."

Energy Conversion Devices (ENER.Q): "I was disappointed with that quarter and am struggling to find anything positive about it. Stay away from that one."

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Comments

[GD:]

Kramer, HSBC Shutters US operations, due to extreme losses.
Do you really want to be there??? See if John Stewart would like this kind of advice???

Mar 18 10:37 PM

[User 379347:]

HSBC only shut down Household Finance and Beneficial Brands. two Subprime units that were no longer sustainable. HSBC's banking in the US is still running strong as is their mortgage operations based out of Buffalo NY


On Mar 18 10:37 PM GD wrote:

> Kramer, HSBC Shutters US operations, due to extreme losses.
> Do you really want to be there??? See if John Stewart would like
> this kind of advice???

Mar 19 01:57 PM

[Karen Mulvany:]

I went looking around theStreet.com for Cramer's rationale for selling Clearwire and could only find a "sell, sell, sell on this bounce." Other than that, there was a more dated Street.com article on Sprint which concluded that Sprint was looking into LTE, not for competitive information gathering purposes as the company stated, but because Sprint had a secret strategy to dump WiMax and deploy an LTE network. Sprint's inquiry into LTE specs was cited by theStreet.com author as the “nail in the coffin” for Clearwire. Perhaps the author thought that in merging its WiMax operations with the old Clearwire, Sprint was unloading its WiMax investment? In reality Sprint now owns 51% of the new Clearwire.

Of such stories buy opportunties are made.

Mar 19 02:45 PM

[Geddy:]

What's curious is that it is Sprint announcing the markets to be built out this year regarding WiMax...and not Clearwire. They are supposedly (2) seperate companies but Sprint makes the announcements for Clearwire? Something funny happening in the background; enough to make me want to stay clear of investing in Clearwire.

Mar 29 05:34 PM

[carroll trust:]

HSBC Offshore International is the subject of serious ongoing criminal allegations of money laundering offshore tax evasion and obstruction in Britains biggest fraud scandal. The Carroll Foundation Trust one billion dollars cross-border international organised criminal conspiracy and corruption case. HSBC bank officials have been named in compelling criminal evidence dossiers submitted to both the FBI and Scotland Yard.

Jul 03 06:05 PM