Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday November 14. Click on a stock ticker for more analysis:
WalMart's earnings report was a bright spot in an otherwise dreary market and provided investors with tips such as buying video game stocks such as Gamestop before the holidays. WMT has high expectations from consumer electronics in general, but Cramer would avoid digital cameras since they are made in China as well as Garmin, because it is currently in a bidding war with Tom Tom for Tele Atlas. While Cramer's favorite computer manufacturer has been HPQ, he picks Dell instead, since WMT doesn't sell many HPQ computers. Concerning video games, Cramer passed on ATVI because of inflated expectations and chose Gamestop as a triple buy.
Related: Roger Enright does not think WMT's announcement is a reason to be bullish on the economy.
Since there is intense competition between TV set manufacturers, Cramer would buy the best-of-breed supplier of glass for TV screens, GLW. He notes the stock is not trading high enough and since it has recently raised its guidance, GLW should "get a lot more love from The Street." He added its "tight supply and demand" comment in the conference call means high pricing, and its bendable fiber, which will be consumed voraciously by Verizon, has not yet been priced into the stock. Cramer predicts GLW will go higher and commented, "Some companies deserve to be cheap, but Corning is not one of them."
Related: Nathan Slaughter thinks Corning is a great value.
CEO Interview, Dan Batrack, Tetra Tech (NASDAQ:TTEK)
With margins for its civil engineering business 50% higher, Dan Batrack commented, "We had a great performance on earnings. We really focused on making sure we hit or exceed all of our forecasts." The water bill recently passed through Congress will benefit the company and half of the $23 billion for scheduled water infrastructure projects will be available within the next five years. "We've never seen business stronger," said Batrack.
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