Jim Cramer's Mad Money Lightning Round, 3/13/08: Sweet and Sour Apple

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday March 13. Click on a stock ticker for more analysis:

Bullish calls:

Sadia (SDA): “It's a Latin America food company … That is absolutely a great company...”
Salesforce.com (CRM)
Research In Motion (RIMM): “RIMM is still a bull-market play. I like it a little less, because it's got some consumer tinge...”
Apple (AAPL): “…you've got to maybe take 10 points of pain, and get 70 points of gain. I think AAPL is going to break out by the end of the year.”
United Technologies (UTX): “They've delivered year after year of earnings... UTX is a solid, screaming buy here!”
Chicago Mercantile Exchange (CME): “I want to see CME conclude this deal with the NYMEX (NMX)... Maybe they have to pay up... this is a really fabulous company … I'm not backing away from it.”
Energy Transfer Partners (ETP): “Anybody who bought this on my recommendation, I want you to go in tomorrow and buy more.”
Sunoco (SUN), Marathon Oil (MRO)
Applied Materials (AMAT): “I have been reluctant to recommend AMAT, because I do not like the semiconductor business… I will, indeed, recommend AMAT, off of the solar division.”
Intel (INTC): “I will recommend INTC here, off of AMD.”

Bearish calls:

Under Armour (UA): “Sell, sell, sell... When they said it was good to have a huge gain in inventory, I realized that they thought that I went to college to get stupid.”
Gilead Sciences (GILD): “GILD is so good... GILD's too high. Wait for a 10% pullback.”
Systemax (SYX): “We've got enough problems in tech. We don't need to be in software like that.”
Western Refining (WNR): “That has got to be the worst-acting stock I have seen in ages.”
Advanced Micro Devices (AMD)

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Comments

[Norman Lepo...:]

I remember when Cramer called AMD a "buy, buy, buy" when it was 25. Now it is a sell? Why wasn't it a sell at 25? Because Cramer is the worst stock picker around. Plus remember when he called himself "DR. UNH" when UNH was 52 and said "buy, buy, buy?" Look at UNH now!There are so many like this that any investor should beware of Cramer. He is a showman who wants to sell his books and make money from his show. Do not listen to Cramer!!!!

2008 Mar 14 10:16 AM

[Norman Lepo...:]

Oh yes, don't forget the show where he was wearing the under armour clothing and said "buy, buy, buy." This is when the stock was at the 52 week high, ofcourse. Now that so many that listened to him and lost so much, it is a sell, sell, sell. Cramer is the worst!!!

2008 Mar 14 10:19 AM

[Buzsaw:]

I guess every stock is a "buy,buy,buy" at times and the same stocks are "sell, sell, sell" at other times. I have bought AMD at 25 and I have sold AMD at 6.70, but the shares I bought at 25 I sold at 30, and the shares I sold at 6.70 I bought at 6.50. It seems it's all a matter of timing, my friend.

2008 Mar 14 12:41 PM

[Mr. Peabody:]

Norman, you're a medical doctor? Do you think circumstances never change? Tell me this - if a patient doesn't have cancer now, does that mean he never will?

2008 Mar 14 04:54 PM

[User 164803:]

AMD is such a bargain right now it is amazing. The stock did get caught up in the day trading affect once it was so inexpensive. 5 Billion in revenue and a market cap about the same with solid margins? 2 $billion of the write of last year was imply paper, not cash. With $2 Billion in cash I think AMD will do just fine. The only profit play in the downward moving econmy in the sector.

2008 Mar 17 01:48 PM

[Who's Your ...:]

Responce to Buz Sawyer, LtCol (AKA Defender of Cramer)

Col. Klink justifies Cramer's flip flopping on BUY/SELL recommendations by glibly stating: "It seems it's all a matter of timing, my friend."

How's THIS for TIMING? Last Tuesday (March 11) on Cramer's TV and XM Satellite radio show, he responded to a caller who was worried about their Bear Stearns stock and wanted to know if he should SELL it. Cramer shouted,"No! No! No! Bear Sterns is NOT in trouble. If anything, they're more likely to be taken over. Don't move from Bear... Don't be Silly!" 72 hours later (March 14) Bear Stearns stock was CUT in HALF! The next trading day it lost an ADDITIONAL 84 PERCENT! In 4 trading days the caller's stock went from 64 dollars per share to 4 dollars and change.

Let me make it crystal clear:
1. Jim Cramer is no longer in the investment business.
He is in SHOW BUSINESS.

2. The millions he now makes from his TV show, books, and tapes will cease the moment his viewers retreat from this horrendous market, because they will no longer have need for his advice.

This is why he won't do the ethical thing and tell his neophyte investor viewers that they need to GET OUT OF THE MARKET. In a market environment that has bludgeoned many professionals to the sidelines, Cramer continues to tempt his largely inexperienced viewers to invest their hard earned money into an incredibly volatile market that has been trending strongly down for months.

After a particularly bad day for stocks, Cramer will sometimes say, "I'm afraid you people are going to get out of the game." This from a man who has stated that current market conditions are the worst he has seen in his 37 years on Wall Street. When callers to his show frequently begin by saying, "I want to thank you for all you do for the 'little guy'" I want to puke!

2008 Mar 17 07:13 PM