Cramer's Stop Trading! Caterpillar's Numbers Are Devastating (6/18/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Thursday June 18.

FedEx (FDX), Joy Global (JOYG), Bucyrus (BUCY), SLM Corp (SLM)

Cramer thinks FedEx was punished too harshly on its negative numbers and its refusal to give a full-year outlook because of the uncertainty of the economic climate and fluctuating fuel prices. FedEx saw a loss of $2.82 per share and its stock price declined 1.4%. “It wasn’t nearly as bad as people think,” Cramer said, but the trend nowadays is to be bearish.

On the other hand, Caterpillar's slowing machinery sales in Japan and the U.S. "are devastating to me," said Cramer and he would avoid buying Bucyrus and Joy Global now that industrial stocks seem out of favor.

While SLM Corp is up 6%, Cramer thinks it could climb higher and should be at $9 or $10 rather than $8 because of the health of loans on its books and its new servicing contract.

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[SHADOW:]

typical cramer buy buy buy CAT a few days ago then the roof falls in "he knows nothing!!!!

Jun 18 08:51 PM

[herbert hoover:]

Is this the same Cramer who said BUCY and JOYG were Buy!!!! Buy!!!!! Buy!!!!!!!!!!!

Jun 18 09:39 PM

[herbert hoover:]

By the way, what kinda genius is Cramer that he decides that CAT's 2009 PE ratio of 44 - yes 44 - might be a tad too high for this environment????????????

Jun 18 09:41 PM

[SHADOW:]

sad that small investors actually listen to him bet they usually lose someone out there tell me they actually made money watching cramer!!

Jun 19 12:15 AM

[capital pains:]

The cramer sheeple get whacked again...What else is new ?
It's been amazing that CAT's price has held up as long as it did.
Last quarter's numbers were horrendous. The previous quarter's numbers were equally as bad. The balance sheet is quite bad.
Next, the dividend will have to go..
Yet, useless/cramer kept screaming, buy, buy, buy ..Ooops !
Better for his sheeple had he screamed "bye, bye, bye" ..
Why sheeple follow the dud (not dude), is no small wonder.
The market makes it so very easy to lose your money. Why look to cramer to expedite your losses ? I don't get it .
As for CAT, when the stock falls into the $25 area, in my opinion, that price offers a nice long term buy. Assuming the world doesn't collapse.

Jun 19 08:31 AM

[tginomorebush:]

cramer in the crapper again ........ bought before he said buy buy buy and sold before he said don't don't don't .......... interesting to watch and hear and laughable ...... an entertainer and a bad analyst

Jun 19 09:44 AM

[hwood007:]

All the comments so far (and this one) do not do what cramer says. Perfect, use him to tell you what not to do, I do. You must learn to study the words of your enemies in order to understand what is really going on in what ever field you are working.

Jun 19 12:07 PM

[TinyTim:]

I couldn't give a rat's behind what Cramer's opinion is on anything.
In fact, I'm analyzing his correlation as a contrary indicator.

Jun 19 11:01 PM

[saltydog:]

i dont know about you folks,but buying joyg for $17.00 and selling for $40.00 seemed lika a good move to me. cramer has ajways talked good about joyg. they do not have much competionfor their prds.

Jun 20 01:31 PM

[saltydog:]

one more coment,.
i may not be a rocket tecnition or an avid speller but i know that joyg is the best mine equipment that money can buy.
it is made for miner saftey, and cannot be matched by any other company. if you did not make money on this trade blesed by cramer,you are greedy and stupid !!

Jun 20 07:11 PM

[saltydog:]

buy now at $34.00.
hold for one month and make money. our president dose not hav a clue about the value of coal. {unfortunately}


On Jun 18 09:39 PM herbert hoover wrote:

> Is this the same Cramer who said BUCY and JOYG were Buy!!!! Buy!!!!!
> Buy!!!!!!!!!!!

Jun 20 07:27 PM

[saltydog:]

just remember, it is cat, mack ,and cadilac.
the old oilfield standard
it will return soon!


On Jun 18 08:51 PM SHADOW wrote:

> typical cramer buy buy buy CAT a few days ago then the roof falls
> in "he knows nothing!!!!

Jun 20 08:01 PM

[JHTcycles:]

Made $400 on Cramers 1st recommendation to buy CAT, with its head and shoulders pattern. You gotta be ready to take profits, or use stop limits to protect profits, right? That's my interpretation of Cramer's advice and others....made $300 on JOYG this way and would have made more if a short dip hadn't shook me out. BUCY, I thought I bought it cheap, but now cyclicals are changing. So now I'm in the same boat as you all, but it's not Cramer's fault! You have to do your own homework. And, if you are taking others advice you should listen to multiple sources.

Jun 22 02:23 AM