Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday June 4. Click on a stock ticker for more analysis:
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I Want a New Drug: CV Therapeutics (CVTX)
Cramer called this$11 speculative stock a "battleground" with 36% of its stock sold short. However, Cramer thinks the bears will be proven wrong when CVTX either reports fantastic earnings and will go to the mid-20s or it is taken over. CVTX owns 100% of its Ranexa drug, and Cramer is confident that Ranexa, along with Regadenoson, will bring CVTX's stock higher. "You could get a double here, or you could get cut in half," he said, favoring the former scenario, and warning that since CVTX is risky, one should avoid buying it in after-hours trading.
Related: Ant & Sons predicts a high chance of the Regadenoson approval will send CVTX shares higher.
Speculative Tech: Nvidia (NASDAQ:NVDA)
Although Cramer usually avoids tech until late in the summer, he would make the exception in the case of speculative stock Nvidia because it is "one of the few winners in the PC supply chain," and $39.85, a 52-week high, it is one of the few tech names with momentum. With its processors and graphic chips, Nvidia is profiting from the gaming sector and is levered toward Intel laptops. Cramer thinks the company will rise as more analysts cover the stock, and praises Nvidia for beating its estimates in a "treacherous" market and undertaking a billion-dollar buyback.
Related: Sramana Mitra thinks Apple's iPhone will be good for NVDA.
Cramer would sell some CROX to avoid being hoggish and confessed he is concerned that the stock didn't rise during the recent rally. He reiterated his bullish stance on LVLT because of bandwidth shortage. As always, Cramer said Sears is a "must own" and adds he likes COST.
Related: Andrew Horowitz comments Crocs is a passing fad and hardly a "shoe revolution."
Game Plan for the Coming Week: Cheesecake Factory (NASDAQ:CAKE), TJX (NYSE:TJX), Ross Stores (NASDAQ:ROST), Taser (NASDAQ:TASR), Boeing (NYSE:BA), BE Aerospace (NASDAQ:BEAV), Raytheon (NYSE:RTN), Alliant Techsystems (ATK), Lockheed Martin (NYSE:LMT), Tyco (NYSE:TYC), Qualcomm (NASDAQ:QCOM), Darden (NYSE:DRI), Morgan Stanley (NYSE:MS), Circuit City (NYSE:CC), FedEx (NYSE:FDX)
Cramer noted one of the takeover targets he discussed in April, Penn National Gaming, is being bought by a private equity firm, and he would therefore invest in other targets: CAKE, TJX and ROST. He would sell a bit of TASR after its recent run. Next week's Paris Air Show will be good for BA and BEAV, he commented. Cramer would load up on defense stocks RTN, ATK and LMT, since the Democrats are keen to prove they are tough on terrorism. He would sell TYC and is tired of QCOM. Cramer is interested in DRI and MS ahead of its earnings next week, but would not pay attention to CC or FDX.
Related: In April, Cramer discussed the Cheesecake Factory as a potential takeover target.
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