Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday September 20. Click on a stock ticker for more analysis:
Back to School: Wal-Mart (NYSE:WMT), Nike (NYSE:NKE), Sirius Satellite Radio (NASDAQ:SIRI) and XM Radio (XMSR): Wednesday's Mad Money program was broadcast from Boston College as part of Cramer's Back to School Tour. Tim Russert of NBC's "Meet the Press" appeared on the show and he and Cramer discussed politics. Cramer said that the market has moved higher because many believe that the Republicans will control the House and commented that a Democratic victory could spell trouble for drug companies. Russert remarked that Treasury Secretary Hank Paulson is doing "a great job," has bi-partisan support and "can really speak to the markets." The single biggest political issue affecting the markets, according to Russert, is terrorism. Cramer welcomed onto the show Tim Russert's son Luke who attends Boston College and asked him what stocks he likes. Luke replied that he belongs to a "blue chip stock family" and invests in names he can hold on to like Wal-Mart and Nike. He asked Cramer what he thought of SIRI and Cramer replied that the company needs to merge with XMSR.
Related: Phil Davis suggests buying NKE because of its Air Stab shoe and new stores in Russia.
Cramer says that it is essential to get into the market when one is young because any money lost can be easily regained. All that is required is opening a brokerage account (which takes five minutes) and doing homework on each stock for at least an hour per week. He suggests GOOG, GS and SHLD as good picks to start with. While they may seem expensive, any of these companies could be the next Berkshire Hathaway (NYSE:BRK.A): "If people had bought one share of Berkshire Hathaway 26 years ago, they would have made 320 times what they invested with, he said." Google is a good buy, says Cramer, because Yahoo's (NASDAQ:YHOO) slip has brought it down, and he likes Goldman Sachs because it has a CEO who is determined to grow the company. Concerning SHLD, Cramer said that although "[SHLD] may well be the single worst department store in America, it is not just Sears, it is Sears Holdings."
Related: Phil Davis discusses buying back Google during this week's sell-off sparked by Yahoo!.
Time for Recess: GameStop (NYSE:GME), THQ (THQI), Sony(NYSE:SNE), Microsoft (NASDAQ:MSFT) and Corning (NYSE:GLW)
Cramer says that he would "rather invest in a $20 million video-game sequel than a $20 million movie," because the cinema is having a difficult time competing with home theaters which accommodate video games. He would buy GME up to $50 and gives THQI which is cheaper than other game stocks and whose September sales are due to come out next month a "two-thumbs-up triple buy." When a student asked why Cramer was recommending game producers and not console-sellers like SNE and MSFT, Cramer replied that SNE has a lot of other businesses and is not levered specifically to consoles for video games, and that MSFT is a good general tech play. He adds that GLW is the best-of-breed company for flat panel TVs.
Related: William Trent is bearish on LCD monitor panels.
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