Jim Cramer's Mad Money Lightning Round: 1/30/08: FLEX Your Muscles

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday January 30. Click on a stock ticker for more analysis:

Bullish calls:

Foster Wheeler (FWLT): 'I've seen this stock decline 23%, and I thought it was time to pull the trigger... Ray Milkovich [CEO]`… talked about the possibility of trillions of dollars of contracts .. mostly in the Mid East.'
Emerson Electric (EMR): 'EMR's just a great American company doing its thing... I like that stock. I would buy it here.'
Flextronics (FLEX): 'You don't get one great quarter like that FLEX... There are going to be tons of good quarters. I want you to pile in. I want you to be in FLEX! "
Waste Management (WMI): 'Yes! It's really a GDP (i.e., gross domestic product) play, believe it or not. We produce more trash than anyone.'
PetroChina (PTR): ' I like PTR! I know, I read the articles. It's come down more than 40%'
Focus Media (FMCN)

Bearish calls:

Under Armour (UA): 'when they blow the quarter, the way UA did, they are in the long-time penalty box... I mean, like injured reserve! I don't mean like three minutes for fighting!'
E*TRADE Financial (ETFC)

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Comments

[Victhom:]

Hey Jim just want to show you what an Economist with a PHD from Harvard says about US economy in 2008-2009....May be you will stop Pumping Banks and Financials...LOL

Risk of a Global Recession Following the U.S. Hard Landing?
Nouriel Roubini | Jan 30, 2008
It is now clear that the US economy is already into a recession that started in December 2007: the data on December employment, retail sales, manufacturing ISM, housing and other macro variables confirm it. And the 0.6% growth for Q4 GDP confirmed that sharp slowdown of the economy in Q4 and its tipping over into a recession by December. It may take –as usual – almost a year for the NBER to formally declare that a recession started; but when that decision is made it will be clear that the great US recession of 2008 started in December 2007 or – at best – Q1 of 2008.

At this point it is clear that the debate has shifted to how deep this recession will be, a mild one lasting two quarters as the new consensus claims or a deeper, longer recession – lasting at least four quarters – as I have been arguing for a while.

It is also clear now that this US recession will lead to a global economic slowdown – short of a global recession that would occur if global growth were to be below 2.5% - and to actual recession in a number of individual economies.

Nouriel Roubini predicted a deep and prolonged recession in the U.S. economy, perhaps lasting as long as a year. He added that it would inevitably affect the world economy.

www.bloomberg.com/avp/...


The main points:

- the US has already entered a recession and this recession will be protracted and severe, more so than the mild recessions in 1990-91 and 2001;

- whatever the Fed does will be too little too late as you cannot resolve problems of insolvency with monetary policy and as it takes years to clear a glut of housing, consumer durables and automobiles;

- the rest of the world cannot decouple from a US hard landing; when the US sneezes the rest of the world catches the cold; and this time the US will have a severe case of pneumonia; thus expect significant contagion to the rest of the world; thus, there will be a significant global economic growth slowdown.

NOW YOU YOU CAN SAY WHATEVER YOU WANT THIS MARKET WILL SANK HARD AND FAST...IT WILL BE A "HARD LANDING"....COPY THAT HOUSTON???

2008 Feb 01 12:35 AM

[Norman Lepo...:]

You may or may not be correct regarding the future of our markets, Victhom, but you are right about Cramer. He is awful at picking stocks. Anyone who listens to him is an idiot. I watch CNBC all day, but when Cramer's show comes on, I change the channel immediately. I do not know why CNBC treats him like he is some sort of expert. His history over the past two years is so bad that they should take him off the air.

2008 Feb 01 12:45 PM

[Norman Lepo...:]

One other comment. Remember the show when Cramer was wearing Under Armour clothes and he was raving about it? Now it is a sell. Typical Cramer. Buy high, sell low. This guy is unbelievable as is CNBC for keeping DR. UNH (remember that one) on the air!!

2008 Feb 01 12:53 PM

[Pfloyd234:]

Nice call on PTR......Ouch!!!!!

2008 Aug 25 12:25 AM