Cramer's Lightning Round-Youth Apparel Stock Are Worn Out (5/5/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday May 5.

Bullish Calls:

Bank of America (BAC): "If you want to speculate in banking, I will say that you can speculate in Bank of America which I think is a better bet than Citi."

JP Morgan (JPM): "If you don't want to speculate, you own JP Morgan...(CEO Jamie Dimon) is really a terrific, terrific manager."

Chevron (CVX): "They did not deliver the quarter that I wanted. They did not raise the dividend like I wanted. They are finding a lot of oil, but it was a disappointing quarter...in the end, if they're finding more oil - which Chevron is - and they get their costs down - which Chevron's doing - you will find a great quarter buried within a very cheap stock. So I say buy, buy, buy."

Frontline (FO), Nordic American Tanker (NAT): "You want to be a buyer of Frontline... It's putting the money in to be able to retain its balance sheet. By the way, Nordic American Tanker reported a dynamite number today. Its stock was up $1 at one point. I still believe in it."

Bearish Calls:

Lions Gate Films (LGF): "Too speculative... I don't need that... Don't buy, don't buy."

Citigroup (C): "Citi common stock (price) is too high."

Cree (CREE): "I've been wrong on CREE, and I don't feel like I have any standing to comment on it. I basically have missed the move."

Cummins (CMI): "It's just too linked to the part of the economy that has not rebounded yet. We know it's a great company ...it's still too early in what's known as "the turn in the cycle"... to recommend CMI. I can't do it."

ICON (ICLR): "Yeah, that's the company that does the medical testing... You know what?... I am not a believer in that business."

Health Management (HMA): "That stock has had a nice run, and I've got to tell you... I am worried about it... this particular regime that we've got right now with the President. I don't want to go there."

Hot Topic (HOTT), Aeropostale (ARO), American Eagle (AEG): "That apparel group... that youth apparel group... has had a very big run. I would ring the register."

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Comments

[ifuwish2:]

you been saying when C was 1.00 it was not a good buy and now at this price you still say it is not,,well lets see in a year from now how much C will be worth? what do you think 1.00 again ? what stupid people they have writing these colums,,how do you guys ever get a job,,it shows how good ALPA really is getting losers to write this junk,,in a year if C is 1.00 ill apoligize but any guy with a small brain knows C as well as the other banks will go up ..

May 06 06:53 AM

[Michael Del...:]

ifuwish2,

Unless they go bankrupt. They can go into Chapter 11, come out the other side with a new symbol (CITI?). The banks will still be there and will be open for business, but your shares of C will still be worth zero. Ask former holders of UAL. United Airlines is still flying and making money but shares of UAL are worth nothing. It is unfair to call people who think Citigroup may declare bankruptcy stupid and small brained. It's a reasonable possibility.

May 06 10:21 AM

[Jim888:]

Let's see... another Cramer Crummy Call. CREE - his take a couple of months ago is that the management team was poor and they were ramping up production which they knew nothing about - they "knew" R&D per Cramer. So now he feels like he can not comment. So what changed? No manager was removed or resigned and the production ramp up continued. Stock is now moving up and Cramer does not know why. Maybe he should just shut up when he knows nothing... oh wait he would not have anything to say and lose "Mad Money" show. too bad - no loss in my book.
And don't get me started on his rumor mongering on Apple.

May 06 05:30 PM

[ifuwish2:]

Michael Delaney
how can anyone think C will file chapter 11,well you dont buy no bank stocks and i will keep mine and in a year we will see who is smiling !!!you know everybody likes gloom and doom and they will be the losers...on bloomberg today they say this is a bull market rally starting and people keep say a bear rally and he said,,,,,,people who think this is a bear market rally and sit on the sidelines will be the big losers.....his customers are buying for the long term as i have when C was 1.28 ..but gee i was wrong it dropped to .96...but guess what i bought for long term and C is now $3.94 and my FITB i bought at $1.03 is at $5.40,,so i better watch out they dont file chapter 11..still read these blogs and can not believe they pay people to write this and they suppose to know what they are taking about!!can i get a job,,i know more than they do and i am not smart...i just hope people who read their thoughts dont listen

May 06 06:43 PM