Jim Cramer's Mad Money Lightning Round, 2/6/08: Chimera is for Real

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday February 6. Click on a stock ticker for more analysis:

Bullish calls:

Wal-Mart (WMT)
TJX Companies (TJX)
Foster Wheeler (FWLT): 'I'm buying it down... I'm buying it slowly... The stock could go to $60. It's got a nice discount from where it was.'
Textron (TXT): 'Every division was en fuego!... Everything was good... and what did the stock do?... Absolutely nothing but go down... This is why I am saying, be cautious… You buy your first 25 at $55, then you wait until $53, then you wait till $50...'
Elan Corp (ELN): 'I never pulled the trigger, but darned if I'm going to tell you not to buy.'
Arch Coal (ACI): 'I'd like ACI to come down, but I was wrong... It's not domestic, it's international...'
Peabody Energy (BTU)
Chimera Investment (CIM): 'I think that this stock is one of the two best ways to play the crisis in housing... the other being Annaly.'
Annaly (NLY): 'I prefer NLY, because of the dividend.'

Bearish calls:

American Eagle Outfitters (AEO): ' alot of insider buying... I think the stock marks time between $19 and $21... After the terrible Macy's (M) guidance today, I am not going to tell you to buy that one... '

Ford Motor (F): 'Ford Preferred … trades aggressively.'
Mindray Medical (MR): 'Interesting Chinese spec in a very overheated market where we're recommending only a very few names.'
Intercontinental Exchange (ICE): 'This is not a political show, but I campaigned on this show against that merger... I thought it was ridiculous that those two companies could merge, and have a stranglehold on our people, who trade futures and options..'.
Intel (INTC): 'Okay, INTC reported a not-good quarter. The stock then climbs from $19 to $20, for absolutely no good reason … I've been no fan of tech... since the year began and, I've got to tell you, it ain't getting better, it's getting worse.'

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Comments

[jagmar]

great ,lots of info.

[Victhom]

More Bad News for Financials coming=TSUMAMI JIM

Read...
Rescue Plans Won't Prevent Downgrades
By Karen Richardson, Liam Pleven and Carrick Mollenkamp
Word Count: 931 | Companies Featured in This Article: MBIA, Financial Guaranty Insurance, Credit Agricole, UBS, Citigroup, Barclays, Security Capital Assurance
Rescue plans are starting to take shape for struggling bond insurers, but they aren't likely to prevent further ratings downgrades for many of the companies.

At least one such company isn't waiting around. In an effort to raise capital, MBIA Inc. yesterday said it would issue $750 million of common stock, a bigger offering than the $500 million issue it had initially planned.

The company also said it will revise its fourth-quarter loss of $2.3 billion, cutting it by $65 million. MBIA also added $100 million to its loss reserve, bringing the total special addition to $200 million

[TraderMetBfOil]

Interesting, tell you a fact - here on wall street most of the MBS.. mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, CDOs, Mezz, hybrid adjustable-rate mortgage-backed securities today have impairments ranging from 15% to 60% (Market Value). Structured or packaged MBS have been dumped by the top 8 investment banks as fast as possible to AnnalyNLY, Carlyle and Chimera alike during past 10 weeks. Most senior analysts expect NLY to have new announcement (margin call or write-downs) before Apr 25, 2008. And the worst is the unrealized losses among small REIT players. Personally I shorted several REITs in the water...

here hope your investment principles do not have such impairments... , well, when you piss against the wind, you'd better look out for the cleaning bill :) ... - GSer