Buy Natural Gas - Cramer's Lightning Round (8/1/08

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, August 1.

Bullish Calls: 

Apache (APA) -- “I like Apache. I think natural gas is the fuel of the future. Don’t sell it. This company is growing.”

Graham (GHM) -- “This company is a classic new tech company. They are doing better than Emerson (EMR) and Eaton (ETN). Stay on this one.”

Entergy (ETR) -- “This is a very good cheap power generator. I like it but I like Exelon (EXC) more and I like Consolidated Edison (ED) the most because of the dividend.”

Pride International (PDE) -- “There is so much drilling going on that the contract drilling is terrific. I want to buy it.”

Johnson & Johnson (JNJ) -- “This is a great first pick. The quarter was good. The business is on fire and it is a weak dollar play too.” 

Bearish Calls: 

KeyCorp (KEY) -- “This is a particularly bad bank but a rising tide lifts all banks. They have not acquitted themselves well. I don’t want to own them. They don’t deserve to be owned.”

Harte-Hanks (HHS) -- “This is a tough business. I think advertising budgets are being cut back and that will affect it.” 

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Comments

[seahawk:]

oops

2008 Aug 01 11:24 PM

[Norman Lepo...:]

What in the world is Cramer still doing on TV? I remember when JNJ was the "worst of the worst" at 60. Now he likes it at 68 . This is so typical. Why did he not recomend it at 60? Because "He knows nothing!!"

2008 Aug 02 08:52 AM

[viva:]

Doc,
It's obvious to me that it (JNJ) has entertainment value now.

2008 Aug 02 09:20 AM

[belmont:]

what was the name of the wind company in canada that pickens had an interest in that cramer mentioned friday night?

2008 Aug 02 09:46 AM

[traderraider:]

What is Cramer still doing on tv? Good Dr., when you give advice under any circumstances - financial, personal, medical - when new information presents itself (JNJ reported earnings on 7/15) - you must take that into consideration. He's not a fortune teller. He draws conclusions based on information at hand. As does anyone else in the advice business. Heal thy self.

2008 Aug 02 10:24 AM

[TIRED:]

i wonder what cramer is doing on tv he makes ass out of his self he gives stocks to buy so many of them are no good cnxt dvw siri so many more the picks he is not a entertainer as puts it i am here to entertain you and make you money it does not help i pick my own
get rid of cramer now

2008 Aug 02 11:36 AM

[jdl51:]

Let's see. He just called the market bottom the other day so it should be nowhere but up from here. Also the financials, according to him, are at their bottom. That's a lot of money for people to lose if they follow his advice. Mark the date.

2008 Aug 02 11:44 AM

[traderraider:]

"TIRED" - do you expect 100% accuracy from even the best stock mkt minds? Buffet makes bad calls, Jim Rogers makes bad calls, Cramer makes bad calls. You need to check your expectations and do your own homework.

2008 Aug 02 01:31 PM

[don2m:]

The problem with cramer is the quick flip flops. one day cabot oil and gas is hot and at 65 a must buy. 2 weeks later it isn't even mentioned and the stock is down 40%. his portfolio was down 15% and the s&p 17% so he doesn't exactly blow the indexes away

2008 Aug 02 02:39 PM

[Urbane Gori...:]

Actually, if you check the Hulbert report, Cramer is right up there with most successful investors. (Beat out marginally by Tobin Smith, who in my opinion is just a big gas-bag... But there you go..) At any rate, It has been stated many times that a success rate of about 50% will produce winning results if you manage your losses. Cramer actually is a winner. He is also 'entertainment', but really has pulled the common man into the investment world. Whether or not he misses on your favorite stock is immaterial.

If I were going to fault him, it would be in that he does not provide beginning investors precise information on when to buy, where to place your stops and when to get out. For that, I suspect, you'd need to be more involved in the technicals side of things. Cramer is decidedly not into technicals. This is where uninformed investors will really lose their shirts as the buy all the way down and confuse momentary excitement with a real price turn.

jegan ;-)

2008 Aug 02 03:17 PM

[texaswiz says:]

Most the betterpart of the day Friday, CNBC keep repeating the segment on Erin Burnett's show a while back when Cramer damn near freaked out and went postal on her. During the 5 minute tyrade he completely lost it and accused the FED and everybody else involved in banking since the beginning of all time of being in gross violation of everything. Jesus, what a gasbag! I remember seeing the original broadcast and I kept wondering to myself at the time that Erin Burnett is one cool cucumber for not loosing her composure during Cramer's meltdown. She just stood there and looked down at her paper, choosing to let him run down and hang himself, instead of trying to turn him off. Quite surprisingly, I was amazed that the producers choose to let Cramer get so far in his on-air tyrade. Usually when someone goes outside the perimeter like that and becomes a loose canon, they pull the plug on them and disolve to a commercial. In this case, they choose not to.
I was surprised that they continued to air this episode many times on Friday. In fact, everytime they replayed it on Friday, they wore it like a badge of honor. For my part it would have been a terrible embarrasement.

2008 Aug 02 05:32 PM

[Content seeker:]

Yesterday, CNBC ATTEMPTED to shed some credibility toward Jim Cramer's way. They cited a blow up of his involving the Feds handling of the Financial crisis. My opinion is that even a blind squirrel sometimes fines the nuts. He really screwed the shareholders of Sirius. He's a jackass and I can yell just as loud as he can, if that's what it takes to be right.

2008 Aug 02 09:58 PM

[TraderGreg:]

Cramer was wrong so many times, way too many times. I am glad I ahven't followed any of his advice. Why he does not recommend short plays? There is more money to be made on the sell side. What's wrong with shorting?

Can you imagine the 'Mad Bear' program?

2008 Aug 02 11:21 PM

[Gigem77:]

Cramer and CNBC are in the entertainment business, not the market advice business. The best way to play Cramer is to short his picks. Don Harrold has a series of videos using Cramer vs Cramer to show how bad the picks are. www.youtube.com/watch?...

2008 Aug 03 08:19 AM

[Gigem77:]

More on Cramer's awful timing calls. www.youtube.com/watch?...

2008 Aug 03 08:25 AM

[pockyclips ...:]

From the "even a broken clock tells the right time twice a day" school of business management.

2008 Aug 03 01:14 PM

[sf94127:]

Apparently, CNBC likes to market Jimbo's meltdown.
Bloomberg is much better resource for investrors. CNBC is entertainment. I like Erin Burnett; she works hard and is sincere.
Najarian and Macke spew out some good stuff once in awhile but I would not buy/sell on anything they say. Don't know why they have Karen Finerman on there; she does not want to give out information.
She kited MSFT and YHOO way past the time when it was clear they were dogs with fleas.

2008 Aug 03 02:16 PM

[leegee:]

What I don't understand is that if you guys don't like Cramer, why do you even watch him???????????? I actually saw a replay of the "Cramer meltdown;" my comment is why was he so shy in voicing his opinions?

2008 Aug 03 08:00 PM

[Pipo:]

Cramer what do you think of Aluminum Corp of China?

Its tiime to buy some asian value plays. Good chinese stock market coverage on investinchinastocks.bl...

2008 Aug 03 08:08 PM

[Pipo:]

By the way, its surely fun to watch him even if he doesn`t get it right that often...

2008 Aug 03 08:12 PM