Cramer's Lightning Round - A Smoking, Sizzling Stock That Didn't Do the Job (4/6/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday April 6.

Bullish Calls:

Nucor (NUE): "I'd prefer to be in Nucor..it's got a much cleaner balance sheet (than U.S. Steel)."

Boston Scientific (BSX): "I want to buy BSX. I know the group has fallen hideously out of favor. We are still in a recession. This is a nice comeback play. They have fixed the balance sheet."

Celgene (CELG): "I suggest you pick up in Celgene. It has been cut almost in half."

Terra Nitrogen (TNH): "The only fertilizer stock I recommend. It has a great yield."

Pan American Silver (PAAS): "Silver is now right...silver has pulled back. Don't be aggressive - buy in stages."

Coach (COH): "...this stock at 17 is too low. I am not going to be left behind. I am buyer of Coach...I know the quarter was bad. I don't care."

Cisco Systems (CSCO): " I understand Cisco's quarter is nothing to write home about...it is the last bad quarter, Asia is back. Buy half a position at 17 and half at 16, and then you are in and it will be right."

General Mills (GIS): "They did miss the quarter. Commodity costs are going down for general Mills. They are going to have a great second half."

Dominion Resources (D): "I like Dominion more (than Duke). "It's got that ownership buyback and they have a better portfolio of Obama energy."

Bearish Calls:

Dendreon (DNDN): "This is the one where I got in trouble...I do not like Dendreon. I think it is up too much on a spike sell sell sell."

United States Steel (X): "I worry about the pension problem."

Lockheed Martin (LMT): "The move was made. I would sell, sell, sell."

AeroVironment (AVAV): " ...missed the quarter bad. They are in the penalty box. They were a smoking ,sizzling company that didn't do the job."

Vertex Pharmaceuticals (VRTX), Mosaic (MOS)

Vimpel Communications (VIP): "We don't want to put your money at risk in Russia."

Gratech International (GTI): "...is like an industrial company without a yield that has gotten too speculative...sell sell sell."

Duke Energy (DUK)

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Comments

[herbert hoover:]

Stay tuned for next week when all Cramer's bearish calls will become his bullish calls and vice versa. The man is insane.

Apr 07 08:23 AM

[hwood007:]

I know cramer does not want me to buy and hold, but if I buy a stock he OKs this week, I almost have to sell it before I get the buy conformation from my agent because he is now against it! If you like a stock he talks up, and your research says go for it, then do so.

Apr 07 11:17 AM

[hwood007:]

cramer wants to sell LMT yesterday and to today it goes up again, go figure.

Apr 07 11:20 AM

[Michael Del...:]

Mad Money is aimed at investors, not traders. When you buy a stock, of course it can go down tomorrow, or next week, or next month. In fact, it certainly will. Nothing goes straight up when you buy it. And nothing goes straight down when you sell it. You're not that brilliant. (Neither am I. Neither is Warren Buffet).

When you buy something, will you have a profit a year from now? That's the question you should ask. If you want guaranteed upside, buy a T-bill and hold it until maturity. Or buy a CD at your bank.

Apr 07 04:33 PM

[Paul Harper:]

the comment on Vimpelcom (VIP) cracks me up ....

Apr 08 01:30 AM

[Buzz G:]

I don't know how anyone who has been so outrageously wrong so often can still have a following. Kramer continues to make a living speaking horse-squeeze to the masses. I guess Mr. Bailey was correct, there is a sucker born every minute.

Apr 08 09:05 AM

[CafeCat:]

I believe DOD just ordered 40 more Predators from AVAV. The troops love these things and the insurgents hate 'em.

Apr 08 01:10 PM

[Titus Andro...:]

The people who make money from Cramer's picks are the people who put limit orders in that day and sell soon after. It's amazing how big of an influence he has on people. F him! Anybody else with that much airtime on national tv could do what he does. He reminds me of a used car salesman.

Apr 08 11:07 PM

[sticktoitiv...:]

Read his books, don't watch his show.

Apr 09 02:00 PM

[consumerons...:]

The 'pied piper' of the "buy and hold is dead" crowd. The more of you that believe buy and hold is dead the better! GOOD! After 15 years of being too weighed down by student loans and suffocating bills to do anything other than read everything I can get my hands on about investing in stocks, a couple years ago I finally got to start using some of what I believe I've learned from some thousands of pages of reading. The only thing that makes sense to me is buying and HOLDING (sorry, Cramer) great companies that have been around long enough to prove themselves that have solid balance sheets, low debt, low-to-moderate payouts ratios and lots of both dividend and debt coverage.
Another very prevalent theme I seem to encounter a lot is the opinion that the more popular a system or belief is the more likely that its time is OVER. Buy-and-hold dead? The more of you that say so the more I believe in it. Warren Buffet's favorite holding period is forever. Why should I listen to any of you moreso than him?

Apr 09 10:12 PM

[Titus Andro...:]

Pigs get fat; hogs get slaughtered. You can drive yourself nuts buying and selling in times like this, or you can buy and forget. Buy and hold is the way to go right now.

Apr 09 10:34 PM

[Michael Del...:]

Buy and hold is never the way to go. Warren Buffet's favorite holding period is forever? Yes. But that does not mean that Warren Buffet doesn't sell a stock when it is no longer viable.

When you buy a stock, you have to pay attention. Buying and forgetting is lazy. Keep a stock for a long time (decades) if you want to. But keep track. There has to be some point where if it goes that low, you will get out. You can't sit in Enron, K-Mart, Delta Air Lines or Lehman Brothers until they go to zero. If you are down (pick a number: 20%, 40%, 60% etc.) you have to get out. Bill O'Neil at IBD likes to use 7% or 8%. That may be too small for a long term investor. But you have to have some stop loss number in mind. And the only way you will know the current price is to pay attention.

It makes no sense to watch Starbucks go below $10 when you bought it at $35. Sell it and if you really like their story, buy it back along the mutual fund managers when it stops sinking and becomes a value play.

Apr 11 07:15 PM

[Titus Andro...:]

I think you took me to literal. Maybe I was to vague. I never meant you should completely forget you own the stock. Obviously you should keep up to date on your stock. All I was suggesting was to find one of the many good cheap stocks out there that you think is going to progress and sit on it. Strictly long. You have to be 100% devoted to your long investments. If you buy at $35, and shit yourself cause it goes to $20 and sell it..... then u f'd up just to watch it go back up to $35 again. It's gonna be a rocky road, you just gotta ride it out.

Apr 11 08:39 PM

[consumerons...:]

People who buy and forget? Do you really believe anyone really does that? Anyone buying individual stocks is also watching them and monitoring their financial condition and maintaining an informed opinion of each company's current and future prospects. Uh...isn't that just common sense?

Apr 12 07:17 PM

[consumerons...:]

Some of you guys are really irritating. Sometimes I think some of you wouldn't hesitate to remind someone to make sure they swing their arms while they walked.

Apr 13 01:04 PM

[Titus Andro...:]

HaHaHa! wut do a long investmin meen? I put $10,000.00 in a stock a few years ago.............I think................I cant remember. Where am I????

Apr 13 08:33 PM