Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday August 15. Click on a stock ticker for more analysis:
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CFO Interview: Kevin Rauckman, Garmin (NASDAQ:GRMN)
Cramer says its time to "Bernanke-proof" portfolios with growth stocks like Garmin which has seen a 42% earnings growth year over year in its second quarter. Rauckman agreed with Cramer that GRMN could sustain growth in this environment and mentioned the company recently opened a third factory in Taiwan to increase manufacturing capacity. Cramer would buy GRMN, when it pulls back from $91.20 to $85 or $87.
"No Money No Cry"
Dressed up as a Rastafarian, Cramer declared "Every little thing may not be alright," but investors still need to feel the good vibrations, in spite of the fact Bernanke is "willing to nuke the economy" to fight inflation. However, hedge funds are playing a role in the problem, since they have overstated the value of their assets and are "selling anything that moves" to cover their losses. Cramer expects the mess to return later in the month. He added growth stocks will "triumph in the end" and commented, "even the brain-dead" will get their money out of the market, otherwise: "no money, no cry."
Cramer would buy TXN because the company is buying back stock "hand over fist", the TXN is not expensive and "tech is seasonably right." Concerning ASD, Cramer says he is not "flummoxed" by the stock's lackluster performance. He added he is bullish on KBR.
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