Jim Cramer's Mad Money Lightning Round, 1/8/08: ICE Will Heat Up

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday January 8. Click on a stock ticker for more analysis:
Bullish calls:

Schering-Plough (SGP): 'people have gravitated more again toward true safety. They want conservative growth.'
Biogen Idec (BIIB)
EMC Corp (EMC): 'I feel very strongly that EMC is a cheaper way to create VMW and you get the rest of the business.'
Intercontinental Exchange (ICE): 'I reiterate that I like ICE. When we get through this period, that stock is going to scream right back... So ICE, I reiterate buy.'
Foster Wheeler (FWLT): 'I think it's a buy. I'm not going away, just because the market's going away.'
Sirius Satellite Radio Inc (SIRI): 'But you're in the right one. You're in SIRI. The stock does nothing until the merger... nothing. So hold onto it. It's a nice lottery ticket.'
Deckers Outdoor Corp (DECK): 'DECK is not cheap, but it has momentum. Let it come in if you want to buy some... or take a little profit, and buy it lower. This is a rough group, the plus-$100 stocks... when we have a market like this.'

Bearish calls:

VMware (VMW)
E*TRADE (ETFC): 'I think that ETFC has got a portfolio of home equity loans and mortgages that is probably the worst there is of any public company.'
Citigroup (C): 'C is just ground zero for the pressure we're feeling right now... Can I say stick with it? No...'

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com

Comments

[Jeffyboy:]

Jim Cramers read on E*TRADE is amazing. On 11/13/2007 he says E*TRADE is solid at its core. Then a week later he says, "E*TRADE is going down!" Then a week after that the deal with Citadel (11/29/2007 article), he says, E*TRADE is saved. Then a week later he says, "I would not touch E*TRADE with a ten foot pole." Later yet he says they are alread bankrupted they don't know it yet.

He cannot have omnipresent knowledge of the company that contradicts itself. What he his doing is trying to bully a stock into bankruptcy to say, “Hey, I was right.”

90 percent of the stocks he says “buy buy buy” to have already yielded 100 %to 200% growth over time. Buying it before the growth curve while it is cheap is smart, he is not. Sell, sell, sell Jim Cramer.

I do agree E*Trade has a problem, it is easier for them (E*Trade) to fix their problems then CFC or WM (Country Wide or Washing Mutual) because they have products to sell outside of lending that has a good profit margins. E*Trade offers bank function, options trading, stock trading, bond, access to foreign markets, and access to futures markets. We small traders do not have a one stop shop that is affordable to access these markets. That means E*Trade’s business has value at least in my eyes. And truly they have value. Not all loans default and neither do they default at the same time.

This is the stock market’s Y2K moment of the year and Goldman Sacks and others are beating the drums to make money off a bunch over reactive small traders. Why do Goldman and Cramer play these games? Money is made off shorting stocks. And since they lost a decent amount of money on CDO’s they got people to prescribe to they figure they can make back their bonuses by driving people to sell and the have made the money off the short.

2008 Jan 10 04:50 PM