Cramer's Mad Money - Is the Game Over? (4/6/09)

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday April 6.

Is the Game Over?

In spite of Monday's market decline, the worst is over, declared Cramer. The drop should have been much more dramatic given all of the bad news, and the fact that the market ended flat and almost positive is a bullish sign. Cramer would use the decline as an opportunity to buy good stocks. He reminded viewers that gains in recent rallies have been equivalent to a year's worth of upside, so he urged viewers to take some profits and let the rest run. While bears think the game is over, bulls believe that the turn has come.

Speculative Stock: Siliconware Precision (SPIL), Intel (INTC), Nvidia (NVDA)

While Cramer usually saves his speculative picks for Friday, he couldn't resist discussing the next semiconductor to see an upside - Siliconware Precision. Like many other semis, Siliconware is poised for a rise after drastically cutting inventories and cutting its production by half. The company also implemented cost-cutting measures by closing assembly lines and streamlining its workforce. However, SPIL expects sales to increase 28% thanks to rising demand and has 100 customers, including Intel and Nvidia. Cramer also recommends Siliconware Precision for its generous 8.5% yield.

Bank Stocks: Goldman Sachs (GS), JP Morgan (JPM), Bank of New York (BK), State Street (STT), BB&T (BBT), PNC (PNC), US Bancorp (USB), Key Corp (KEY), Hudson City Bancorp (HCBK), New Alliance (NAL)

Investors may wonder what to do with bank stocks after a big rally but before they report earnings. Cramer thinks that banks are going to improve, especially with reforms to mark-to-market accounting rules. The main beneficiaries of these reforms will be Goldman Sachs, which doesn't have exposure to mortgages and JP Morgan. Other banks worth buying are Bank of New York and State Street. However, not all banks are created equal; names to sell include: BB&T, PNC, US Bancorp and Key Corp. Cramer emphasized that all regional banks are sells. He sees an upside for Hudson City Bancorp and New Alliance, two banks that have remained relatively stable throughout the crisis.

Cramer's Scorecard: MGM Mirage (MGM), Las Vegas Sands (LVS), Wynn Resorts (WYN), Apollo Group (APOL), Strayer (STRA), American Public Education (APEI), Sun Microsystems (JAVA)

Cramer noted that MGM Mirage is up 76%, Las Vegas Sands, 12.7% and Wynn Resorts 16.2% since he released the stocks from his Sell Block on April 2. His call to sell most online education stocks was also on the mark: Apollo has declined 18% and Strayer, 19%. The one education stock Cramer recommended, American Public Education, is up 25% since his January call, and he suggested taking profits. Viewers who sold Sun Microsystems on Cramer's bearish call last week were fortunate; the stock has fallen 22.7% on the rejection of a takeover bid.

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Comments

[patc:]

the Correct symbol for Wynn resorts is WYNN
WYN is Wyndham Worldwide

Apr 07 10:10 AM

[Mutual Fund...:]

ED K is right. Maybe something even more powerful than that....
Wish I was on the board of directors for that tv station..
Man he's bad, can't believe anyone actually watches that show.

Perhaps he should visit my webpage for some rational investment stategies that work.

Doug T.....The mutual fund guy
www.mutualfundwealth.com/





On Apr 07 09:08 AM ED K wrote:

> Sounds like Cramer broke out the crack pipe again.

Apr 07 01:09 PM

[GSlusher:]

"In spite of Monday's market decline, the worst is over, declared Cramer."

Didn't he learn ANYTHING from the thorough rip-up Jon Stewart did on The Daily Show?

Apr 07 01:22 PM

[JC700:]

Cramer is a complete idiot. This is the same guy who cost many people their entire stock last year because he told them to do something. The same guy who in the past, who had admittedly manipulated the market for his own personal gain. And CNBC who continues to manipulate the market for stocks their own hosts own.

There was absolutely ZERO reason for Cramer to declare a sell on the stocks he listed. ZERO. The 1st quarter results haven't even come in yet. And of course Cramer loves Goldman Sachs.... a company that currently is being heavily flamed on the message boards for what they have done taking taxpayer money.

Apr 07 08:50 PM

[diogeron:]

In case you missed it, take a look at Andy Borowitz' hilarious post titled: "Cramer declares depression over; millions panic.

www.huffingtonpost.com...

Apr 08 04:26 PM

[Michael Del...:]

"Cramer is a complete idiot. This is the same guy who cost many people their entire stock last year because he told them to do something."

That's BS. Cramer did not cost you any money. You are responsible for your own trades. Take the credit when your picks go up and take the responsibility when they go down. If you bought a stock because somebody on TV told you to, you are the idiot, not Cramer.

"Didn't he learn ANYTHING from the thorough rip-up Jon Stewart did on The Daily Show?"

All I learned from that show was how manipulative Jon Stewart can be. I'm not really a conspiracy theory kind off guy, but I suspect that Jon Stewart and some fellow democrats did not like the references to "Obama-proofing" your portfolio.

And the old video clip of Cramer talking about manipulating the market was taken from Cramer's own website. He was trying to explain to Aaron Trask how the market can be manipulated by bears and he played a bear trader to make the point. Taking that clip out of context (a Daily Show specialty, but usually for humor) was a cheap shot. Before Sarbanes Oxley, was there widespread manipulation? Absolutely. In fact, I suspect it was nearly universal and out of control. Is there widespread manipulation after Sarbanes Oxley? It appears so but it is less flagrant and hard to prove. Did Cramer break the law before Sarbanes Oxley? We will probably never know. Should Cramer be crucified for being mostly bullish? Please! He works for a network that is mostly bullish. Know that when you listen to his spiel. Or don't listen if he bothers you. Change the channel. If he changes his mind on a stock and says you should sell it, don't get mad. Call it flip-flopping if you want, but if you do not agree with him and he bothers you, change the channel. JC700, you sound like you are wound a little too tight. Remember, investing is supposed to be fun.

Apr 11 07:40 PM

[Dr.Thomas E...:]

Timeshare Report: Wyndhams Dismal 3rd Quater
By Apex Professionals LLC ⋅ October 28, 2009 ⋅ Post a comment

Wyndham WorldWide
As vacationers start spending less during recessions, Wyndham Worldwide (NYSE: WYN) also began spending less money and energy towards improving and sustaining their timeshare business; resulting in a negative report for their third quarter profits.

It was announced earlier this year that Wyndham would begin cutting back their marketing efforts by closing sales offices and spending less money on advertising, which resulted in a 35 percent decline in timeshare sales.

In one year, Wyndham’s earnings fell 27 percent from $142 million to $104 million and 80 cents per share to 57 cents per share. However, earnings were reported at 58 cents a share which topped analysts’ predictions by 2 percent.

Wyndham’s decision to cut spending towards their timeshare business has reflected in their revenue report as well. They announced that revenue had declined 17 percent from $1.23 billion down to $1.02 billion. Representatives of Wyndham stated that the weak lodging industry is to blame for the noticeable decrease in revenue.

Wyndham Exchange and Rentals, also known as Group RCI, reported that revenue decreased by 8 percent along with the Wyndham Hotel group which fell 14 percent.

It seems that Wyndham is not the only one showing a decrease in both earning, sales, and revenue, rather the entire lodging industry is struggling to find vacationers who want to spend money during these tough economic times. Potential timeshare buyers are choosing to save their money and cut back on luxury vacations.


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About the Author: The timeshare experts at Apex Professionals, LLC, concentrate on helping disillusioned timeshare holders to rid themselves of unwanted maintenance fees, unnecessary assessment costs, and to do away with those annoying high-interest mortgages by offering to take over unwanted timeshare agreements instantly.

One comment for “Timeshare Report: Wyndhams Dismal 3rd Quater”
I am calling on Select Wyndham top representatives to tell the truth! The weak lodging industry is NOT to blame for the noticeable decrease in revenue. The truth is the feds & banks tightened the lending rules and regs, which in turn make it somewhat difficult for select WVO top employees to continue demonstrating :

1. Inflating personal APG/VPG and closing % sales numbers. (e.g. Most Profitable and Non Profitable lead source times and locations knowledge from Wyndham Marketing could now be moot??)

2. Select groups of WVO employees willfully making misleading and false entries in the company books and records attempting to obtain BOA loans and upfront commissions.

3. Favoritism and the appearance of impropriety.

4. Deliberate attempts to circumvent/manipulate the company process.

THE TRUTH WILL SET YOU FREE!!


Posted by Thomas E. Martin III, PhD | November 21, 2009, 3:49 pm

Nov 23 10:21 PM