Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday, January 17. Click on a stock ticker for more analysis:
Cramer urged viewers not to gamble on investments and to sell their casino which are levered to the ailing commercial real estate sector and should suffer from disappointing results in Macau. He is particularly concerned about LVS which missed estimates by 19 cents a share. Even though MGM beat its estimates, he would sell the stock before "everything falls apart." Gas prices and overbuilding in Las Vegas are also responsible for the decline in casinos as well as dashed hopes in Macau on failed predictions of 75% growth in gambling revenue, when there may be only 40%.
Wind River Systems (WIND)
Continuing his week-long series on neglected tech stocks, Cramer took a look at WIND which recently joined Google's Open Handset Alliance and will use its Android operating system to produce embedded systems for cell phones. Cramer says there are other deals in store for WIND and in the current bear market, investors are paying half price for this hot news. He also predicted that if taken over, WIND could be bought at $15 per share, and says WIND is a bargain 33% down from its high.
Related: Dana Gardner on Google's Andriod.
Donald Trump commented the U.S. is already in a recession, the question is how severe it will get. However, he did comment on the strength of the real estate market in Manhattan ("How long it will last, I can't tell you.") and great buying opportunities in residential real estate. Trump says now is the time to buy a good real estate investment trust such as Vornado (VNO), but added commercial real estate may lag behind since the banks are practically"out of business."
Donald Trump said Fed chairmen Ben Bernanke is behind the curve and is following rather than leading the markets. He called for a 100 point rate cut and for the government to put more pressure on OPEC, which he called an "illegal monopoly," to lower oil prices. While Cramer agrees with Trump about VNO, he says it is not yet time to buy MBI, MTG, ABK and PMI.
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