Cramer's Lightning Round - The Single Best Technology Outsourcing Stock (10/21/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday October 21.

Bullish Calls:

Cognizant Technology Solutions (CTSH): "You have got the single-best technology outsourcing stock… I am really happy about Cognizant."

Total SA (TOT): "Boy, that stock has been a monster...why are we not recommending this 5% yielder that has a very good finding rate and is really strong in the Middle East?"

Bearish Calls:

iRobot (IRBT): "We got the IPO, we rang the register… that should never be included in the same sentence as Apple."

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Comments

[ECONOMICS 101]

Lu Galasso as a follower of Jim Cramer recos agrees with outsourcing.
"But not at a cost which hurts our economy at home" says Lu Galasso.

We have problems at home which we must address!!

2009 Oct 22 09:53 AM

[Mike from NYC]

Ross Perot for all his nuttiness was right when he said that whooshing sound you hear are jobs being exported. I don't even think he saw the extent of it.

What we have been witnessing is the outsourcing of America's future for the past 20 or so years, bragged about by American companies and cheered on by our government and especially Wall Street.

More than 25% of all recent college graduates are employed in jobs requiring a HS education. Teenage unemployment is more than 30%. The WSJ blamed the teenage unemployment on an increased minimum wage. I beg to differ. Teenage unemployment is so high because of all the college graduates and displaced workers seeking minimum wage jobs which teenagers once had. Who would you rather hire - a teenager or a college graduate or an older displaced worker?

Why do you think the last 'recovery' was a jobless recovery and that most of the jobs created were low paying customer service jobs at stores?

This time the recovery will be even more 'jobless' as more and more jobs have been outsourced since 2003. Yesterday Morgan Stanley said it would create 400 jobs - all outside the USA.

There is almost no job category that has not been outsourced except for jobs that require face-to-face interaction like nursing and retail sales.

Let Cramer brag - we can outsource his job too!!!!!!!

2009 Oct 23 10:00 AM