Jim Cramer's Mad Money In-Depth, 10/31/07: Welcome to the Rate Cut

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday October 31. Click on a stock ticker for more analysis:

Welcome to the Rate Cut: Google (GOOG) and Baidu (BIDU)
Cramer says investors are “overthinking this stock market” worrying about overvalued names and should just invest in companies that will make them money. "There is a huge wall of money rolling at us courtesy of the Fed and it doesn't pay to over-think it," Cramer said. "In fact it pays to not to over-think it." He reassured investors not to worry about high oil prices and to cash in. Also, alternative energy, infrastructure, fertilizer and China stocks are going higher; "Go buy some Google and Baidu,” Cramer said. "Welcome to rate cut."

Quoth the Raven: Special Guest Baltimore Ravens defensive tackle Justin Bannan

Bannan spends most of his time playing football and doesn’t have much leisure to research individual stocks. Therefore, Cramer suggested Bannan invest 10% of his money in a gold fund or gold itself, 20% in international companies and 30% in mutual funds. While Bannan said bonds have made him a lot of money, Cramer suggested looking into the equity of overseas market; "Maybe pick one or two stocks, businesses that you like."

Nastech Pharmaceutical (NSTK)

Although Nastech missed its earnings “horribly” this quarter, Cramer would stick with this speculative play, since it trades based on its drug pipeline which has a “virtual mosaic of drugs” rather than on its earnings. Cramer believes the company will be profitable because of the treatments it is developing for obesity, osteoporosis, diabetes and autism.

Related: Stockerblog discusses Nastech's autism treatment.

Crocs (CROX) a Trick, Google a Treat

On Halloween, Google produced sweets for investors while CROX’s quarter was downright scary; I'm now saying I'm done with Crocs," he said. "I didn't like the quarter."

Related: Amit Chokshi gave the short case for Crocs.

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Comments

[jimmy Turano:]

Since Cramer has appointed himself head of Public Relations for NSTK, he deserves a salary from the company. No other investment advisor has dedicated himself more on NSTK for the past 10 months than Cramer. He has beeb on a mission of TOUTS above and beyond any Norm and has shown video's on nstk, and last but not least had the CEO on his show several times.
They are in early stages of phase 2 only, their earnings report was double the loss expected, and yet he continues to beat the drums on NSTK.
The only motivation I can see is the root of all evil, MONEY! It's unexplainable! The stats are pathetic, the ratings are poor and he keeps hitting the drums. WHY?

2007 Nov 02 07:29 AM