Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday November 9. Click on a stock ticker for more analysis:
New York Stock Exchange (NYSE)
Cramer tells investors not to be worried about NYSE's five point rise because he predicts it will go higher, and thinks that it could go as far as $250 in a few years. He predicts that the if NYSE and Euronext get together, the combination will be "gigantic," and notes that the company is reducing expenses including 17% of its staff. NYSE is also negotiating with the exchanges in India and Tokyo and it has invested in less expensive machines. Cramer believes that NYSE is an unqualified buy and he expects it to "seriously ramp" in the next six months.
Related: Judith Levy reports that NYSE is looking at a joint venture with the Tokyo Stock Exchange.
"Burritos are the new pizza," Cramer declared after discovering that the problem with pizza sales was not due to Domino's lackluster performance, but that the consumer's taste buds are craving change. Even best-of-breed Papa John's "got it's head cut off" this quarter because of slow same-store sales, and YUM's Pizza Hut also suffered a setback. Since the consumer has to eat, Cramer figured out that burritos popular, and although he hasn't liked the company in the past, he recommends picking up CMG, but only after it drops a bit. However, he likes JBX and would buy it now.
Sell Block: Cisco (NASDAQ:CSCO), Sirius Satellite Radio (NASDAQ:SIRI), XM Satellite Radio (XMSR), Sprint Nextel (NYSE:S), Verizon (NYSE:VZ), AT&T (NYSE:T), Pepsico (NYSE:PEP), Anheuser-Busch (NYSE:BUD) and Coca-Cola (NYSE:KO), Diageo (NYSE:DEO), DivX (DIVX), Riverbed Technology (NASDAQ:RVBD) and Hansen Natural (HANS)
Cramer recommends hanging on to Cisco and likes SIRI, but wants investors to get rid of XMSR, which is losing too much money. It's time to ring the register on Sprint Nextel, says Cramer, since it is now above $20, and to pick up VZ and AT&T. Since consumer staples have had their season in the sun, Cramer would sell PEP, BUD, and KO. However, he likes DEO, but would feel "piggish" about hanging onto DIVX and RVBD without at least taking half off the table. He still would not go near Hansen Natural and says that although no drug stocks were featured on this segment, they will be next because they have been getting hammered.
Related: Jonathan Liss discusses Sirius CEO Mel Karmazin's confident remarks concerning its competition with XMSR.
CEO Interview: Myron Ullman, J .C. Penney (NYSE:JCP)
When Cramer asked Myron Ullman about how he is giving shareholders dramatic revenue growth, Ullman responded that JCP is focusing on customers, and people are responding well to JCP's brands, and as a result, JCP is two years ahead of its growth plan. "We've introduced three new brands this year: a.n.a, a modern brand in casual sportswear; East 5th, a career brand; and Studio, which is a brand in our home collections," he said and mentioned that Sephora, a cosmetics company located in stores, is generating a "great deal of excitement." Cramer says that JCP is the best retailer in the country and wants people to buy it.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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