Jim Cramer's Real Money Radio Recap, Nov. 20
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Yahoo (YHOO), Ingersoll-Rand (IR), Freeport-McMoRan's (FCX), Phelps Dodge (PD), Lundin Mining (LMC) and New York Stock Exchange - Cramer says that, in the 25 years he's been involved in the market, he has only seen one or two other periods when the conditions for investing have been so good, and was impressed that there wasn't a decline after the Democratic sweep. Cramer adds that this is the best earnings season in seven years, and added that even Yahoo and IR rose after reporting "stinker" quarters. Cramer singles out NYX as the "cheapest stock," and he is bullish. He discussed the "tremendous buzz" about FCX's acquisition of PD, which enabled FCX to get copper exposure and PD to get gold exposure. In addition, Lundin Mining is the next copper play, according to Cramer.
Related: William Trent posits that the recent mergers in metals indicate continued high prices.
Allergan (AGN), Research In Motion (RIMM), Sears Holdings (SHLD) - Although there is a lot of negativity about drug stocks with the Democrats controlling Congress, Cramer thinks that Allergan "may be in the early stages of an incredible run and is finally starting to get the recognition it deserves." The company makes effective silicon breast implants and also has Botox and Juviderm, the "No. 1 method of getting rid of wrinkles." Even though the stock recently jumped $7, Cramer thinks it could rise an additional $12 from $119.55. On another note, Cramer thinks that RIMM is going up and that investors should take advantage of the $1 dip in Sears to pick up at least one share at $172.
Related: Allergan heralded the FDA approval of silicon breast implants as a victory.
Oregon Steel (OS) and Nucor (NUE) - Cramer thinks that the media owes investors an apology for keeping them out of steel when their reports of a glut "clobbered" the stocks as people sold them off in panic. The reporters failed to mention that the companies were selling at five to six-times earnings. Now it is too late to buy OS which was a "huge stock," Cramer said, and that most steel companies are going to be taken over except for Nucor.
Bullish calls:
Mastercard (MA): Cramer says this stock is not finished going up, and he would buy MA "right here, right now."
Prudential (PRU): This stock has a good dividend, says Cramer.
AIG (AIG): Cramer calls this stock "the cheapest in the group" and says it should go higher.
IBM (IBM):The current lack of momentum in this stock is a "mistake," says Cramer who predicts that it will go from $93.45 to $120, but would sell some at $100.
Neutral/Bearish calls:
Motorola (MOT): This company missed its quarter twice, and Cramer does not feel comfortable recommending it.
Alcoa (AA):"The most poorly run major American company," Cramer said and suggested selling.
Ford (F): Although Cramer was bullish on Ford at $7, he doesn't like its balance sheet, and in spite of the fact that he had confidence in CEO Alan Mullaly, Cramer predicts that Ford will get "hammered" if it reports another lackluster quarter.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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