Jim Cramer's Mad Money In-Depth, 3/24/08: Happy Days Are Here Again

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Monday March 24. Click on a stock ticker for more analysis.

EMC (EMC), IBM (IBM), Apple (AAPL), Research In Motion (RIMM), Goldman Sachs (GS), JP Morgan (JPM)

Bear Stearns’ collapse has brought a bottom to the market, Cramer said, and he thinks the worst is over. While Fannie Mae and Freddie Mac seemed to be going under a few weeks, ago, the companies are now being aided by the Treasury Department, and Cramer believes most bad loans will be reset and housing prices will stabilize. Banks will begin to start lending again, he added, and it is now safe to buy some financials, retail and tech, as well as growth stocks with solid dividends. Cramer’s current picks include EMC, IBM, AAPL, RIMM, GS and JPM.

Sirius Satellite Radio (SIRI), XM Satellite Radio (XMSR)

Cramer was happy to announce the Justice Department has approved the merger between SIRI and XMSR, but the FCC, which Cramer calls “the Federal Cartel Creators” still needs to agree. Cramer urged viewers to visit the FCC's Website at www.fcc.gov to lend their support for the merger which will mean more choice at lower prices. Cramer thinks SIRI will rise to $5 if the merger passes.

CEO Interview: Jim Sinegal Costco (COST)

In spite of widespread bearishness on the stock, COST Cramer’s favorite retail and he calls the company best-of-breed. The stock is up 8.5% in a market that has been rough on retail. While analysts don’t like COST’s labor costs, Sinegal says the company profits from paying its workers well, and looks forward to international growth in the near future, “We could double the size of our company over the next 10 years,” said Sinegal. COST is doing well with its book business, but if something better comes along, Sinegal said he would be willing to fill those tables with another winning product. Cramer said COST is going higher.

Mad Mail: Focus Media (FMCN), MDU Resources Group (MDU), Sigma Designs (SIG)

When a viewer asked why FMCN was not moving, Cramer answered the company’s in-line quarter and the fact that the market hasn’t been liking Chinese speculative stocks lately has worked against FMCN. However, he would buy the stock. Cramer told another viewer to stick with MDU because he likes the end markets, but the stock may be in the House of Pain before it reaches the House of Pleasure. A viewer was concerned about SIGM, which has declined since Cramer’s recommendation. Cramer replied that SIGM just “blew up” and did not report a good quarter. He says he likes the company long-term, but admitted his is a bit “gun-shy” right now.

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Comments

[JIM:]

Cramer should be in prison.

2008 Mar 25 09:06 AM

[User 133862:]

i would be both broke and a madman if i followed cramers advice on trades.

2008 Mar 25 09:20 AM

[Norman Lepo...:]

I agree with the above comments, however, I am not sure if Cramer deserves to be in prison, but his show should be taken off the air. It is about time that the public woke up to the fact that he is incompetant at picking stocks.

2008 Mar 25 10:09 AM

[Uncle Bob:]

What, do you guys just follow and post this same thing in every article about Cramer?

2008 Mar 25 10:50 AM

[Blue collar...:]

Cramer isn't any better or any worse than a thousand other guys selling their opinions on stock for money. Any investor who relies on any one guy only w/o doing any other research is stupid.

2008 Mar 25 11:14 AM

[GregY:]

Cramer is in entertainment business, not in investment management business. Bee real and keep it in mind.

2008 Mar 25 02:41 PM

[chance:]

I tracked Cramer's comments in Excel for over two years. He is right far more often than not. I have learned and profited from his show. Plenty of people deserve to be in prison, NOT JIM. There are professionals who could help you with your issues.

2008 Mar 25 10:47 PM

[The Stallion:]

You really don't watch the show or know what he's done with his whole life do you? He's been in entertainment for 3 years. How long do you think he's been in money management? Idiots thinking they're God's gift to investing!


On Mar 25 02:41 PM GregoryY wrote:

> Cramer is in entertainment business, not in investment management
> business. Bee real and keep it in mind.

2008 Jun 05 07:13 PM

[The Stallion:]

Read the books and do your homework. He clearly doesn't tell people to buy all his picks. You're all missing the point. And yeah.... He must be terrible at his job since he's a millionaire. Any of you a millionaire?...... Well...... Thought not.


On Mar 25 09:20 AM User 133862 wrote:

> i would be both broke and a madman if i followed cramers advice on
> trades.

2008 Jun 05 07:16 PM