Cramer's Lightning Round - No to NOV (4/27/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday April 27.

Bullish Calls:

Corn Products International (CPO): "I think that this is a cheap stock. I want to buy CPO. I think that it is a good value right here… I would not get rid of it."

Enterprise Product Partners (EPD): "...is really, really a dynamite play which was reported today.

Salesforce.com (CRM): "It is always expensive… but the CEO, Mark Benioff, is really about the best CEO in the world...anybody who wants to take a risk and own a technology stock with great growth should pull the trigger CRM."

ConcoPhillips (COP), Schlumberger (SLB): " I am going to send you an integrated natural gas company like ConocoPhillips ... if you want to own a driller, drilling service, I have to send you back to Schlumberger. I still think those stocks are overvalued."

Consolidated Edison (ED), Dominion (D): "Why not go with ConEd at 6%… also Dominion Resources Inc."

Terra Nitrogen (TNH): "It is at $129 and it is the only ag stock that I am getting behind."

Hershey (HSY): "...released earnings last week that were a thing of beauty, and then suffered thru a downgrade that was miserable and raw. I think that HSY is the food stock to own right here because it has got the genuine momentum."

Bearish Calls:

Johnson & Johnson (JNJ): "People want to own more economically sensitive stocks.. it has got a 3.7%, 3.8% yield. I would not ever sell this. If you have a longer term approach I would not sell it."

Plum Creek (PCL): "I am surprised that the yield is not good enough."

Linn Energy (LINE): " I am marveling that at $3.20 that any of these natural gas companies can make money...so I am saying don’t buy."

National Oilwell Varco (NOV): "Nobody liked the quarter last week, I am surprised that anyone did think that they would like it."

PPL Corp (PPL): "That yield is just okay."

Agco (AG): "Frankly I am not a big believer in the ag stocks."

Fresh Del Monte (FDP): "Why risk it? Why not go with the guy who released earnings last week that were a thing of beauty, Hershey?"

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Comments

[LoveShorting:]

Excellent reinforcement for my short position in CRM. Cramer provides an excellent opposite opinion. Best CEO? Hmmmm.
Look at the insider selling he undertook from Feb'07 to Aug'08. Not
exactly an endorsement of CRM. They are selling HOT AIR, and when the world wakes up, I'll get paid.

Apr 28 10:01 AM

[Emerald:]

Wow! "Great analysis" with comments like "I'm going to send you to XYZ stock". This is meaninglesss dribble for the short-attention-span crowd and has no place o SA. Conversely, LINE and NOV are great buys at these low prices and eventual rebound in oil and nat gas. LINE has hedged their inventory through 2012 and it's yield is solid with that income stream. Creamer is nonsense. Note: Long LINE.

Apr 28 10:06 AM

[charlesf:]

Cramer's take on Linn Energy looks at the price of gas and not on the price of Linn's hedged production into the future. Typical Cramer I guess.

Apr 28 12:55 PM

[winner:]

the reason that line energy can make money is that they have hedged all of their production out to 2011..rick

Apr 28 02:05 PM

[Kinabalu:]

" I am marveling that at $3.20 that any of these natural gas companies can make money...so I am saying don’t buy." (LINE)

The way LINE makes $ is by having sold all its production for the next 3 years at the top of last years prices. Its called hedging and they did a great job of it.

Apr 28 06:31 PM