Jim Cramer's Mad Money In-Depth: 3/11/08: Remember the Rallies

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday March 11. Click on a stock ticker for more analysis.

Rally Round the Stocks: Chevron (CVX), Exxon (XOM), Transocean (RIG), Devon (DVN), Apache (APA), Deere (DE), Potash (POT), Mosiac (MOS) and Agnico-Eagle Mines (AEM)

When tempted to give up on stocks, remember the rallies, urged Cramer, saying that selling a bit of a position into rallies and buying back during selloff is a great way to make money. Cramer is still long-term bullish on agriculture, oil, natural gas and gold, and likes CVX, XOM, RIG, DVN, APA, DE, POT MOS and AEM. Cramer added the market will finally bottom when housing prices fall further and he praised the Fed’s actions, but said it needs to go further and to buy up bad mortgages.

CEO Interview Linda McMahon, World Wrestling Entertainment (WWE)

Cramer called WWE an “unsponsored and undiscovered diamond in the rough” and said it is being ignored because folks on Wall Street are “snobs.” The stock is a “true champion” for its dividend with a recent 50% yield boost, and its international growth was 25% thanks to expansion into Latin America, Europe and Asia. Domestic businesses is still healthy and pay-per-view continues to attract business. Linda McMahon commented, “This is a really great core media business, and I don’t think that’s looked at very often,” she said. “We have to get our story out there.”

Dupont (DD), Monsanto (MON)

Cramer would buy DD ahead of an investors’ conference on Friday during which DD, which has exposure to chemicals and agriculture, is expected to announce good news. Because of DD’s recent run, he would recommend buying just half a position ahead of the Friday’s conference. He compared DD to MON, which has taken the ag sector by storm.

Mad Mail: Textron (TXT), Bear Stearns (BSC)

Although TXT is down from $70 to $50, Cramer likes Textron and is not worried about its financing.

Cramer told one writer who was concerned about keeping his brokerage account at Bear Stearns:“No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear… Don’t be Silly”

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Comments

[Kirk Lindstrom:]

Cramer said he was not bullish on Bear but was telling the person with the question to not take their money out of the brokerage since if he advised that, it could start a run on banks or something like that.

Your title indicates you thought he was bullish on the stock as does the person in this video momentumstockinvestor....

* Caller Question: Should I be worried about Bear Stearns in the terms of liquidity and get my money out?
.
* Jim Cramer: NO! NO! NO! Bear Stearns is fine. DO NOT take your money out.

Clearly a stock that falls from $60s to $2 in days was not "fine" but maybe he was not saying he was bullish on the stock. I hope you provide an update for us who don't watch the show.

Thanks
Kirk out

2008 Mar 17 04:25 PM

[tradersyste...:]

Why not watch the clip of that segment of the show yourself. Its
www.liveleak.com/view?...

Now tell me with a straight face that we have seen the worst of the credit crisis as many analysts have been touting.....

2008 Mar 23 09:00 PM