Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday September 14. Click on a stock ticker for more analysis:
Hedging Against the Fed: Grant Prideco (GRP RETIRED), National Oilwell Varco (NYSE:NOV)
Cramer thinks oil companies will be fine regardless of whether or not the Fed cuts, and while oils have been rising, GRP is the “ultimate laggard that is ready to roll.” In spite of its “phenomenal” drill pipe business, GRP has not yet seen gains and its CEO has a tendency to underpromise and overdeliver, said Cramer. At $55, GRP is a “steal” compared to NOV which deals more with machinery while GRP, “the Gilette of oil service” deals with consumables.
RRSat Global Communications Network (RRST), Adobe Systems (NASDAQ:ADBE)
This Israeli Satellite company is Bernanke-proof and has uplinks for 295 TV shows and 80 radio stations around the world. Cramer thinks RRST will continue to gain market share because it has the unique, cost-saving ability to deliver content in one satellite hop. Only 4 analyst cover RRST which has 2% of the market and 40% growth. Cramer warned viewers that the stock is speculative, should be bought next week and with market orders. He added a note that those who had bought ADBE should sell a bit because of recent run.
Cramer said he would buy NVDA on any weakness. He expressed disappointment at his inability to persuade people that CAT is not a housing play.
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