Dynamite Drug Stock - Cramer's Lightning Round (8/21/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday, August 21.

Bullish Calls:

Textron (TXT) -- “I am blown away by how bad this stock acts. I like the company very much. I’m not backing away from Textron. 52-week low today. I think that’s ridiculous. Buy, buy, buy.”

Abbott (ABT) -- “Abbott Labs is dynamite. They did a restructuring. They are saving money. It is the best acting drug stock. I am proud I own it. Buy, buy, buy.”

Home Depot (HD) -- “The recent quarter impressed me. I think they’re making a comeback. I am endorsing, right here, right now, a buy of Home Depot.”

Bearish Calls:

Potash (POT) -- “I’m nervous. I have backed away from that fertilizer group. If you haven’t sold the fertilizers sell them into this rally. They’re just too darn risky at this point in the cycle.”

Aqua America (WTR) -- “We’ve been down on that stock. That is a company that has scalded me. The company does not have real growth. I don’t like it.”

Zoran (ZRAN) -- “They keep missing each quarter. I have no faith in this company whatsoever. If you own it, sell it.”

American Capital (ACAS) -- “They lend to businesses has been hit hard by both the bears and the media. They have a 20% yield but I don’t want you to buy it. Stay away from American Capital.”

Washington Mutual (WM) -- “I cannot tell anyone in their right mind to buy WaMu. Washington Mutual is one of the absolute worst-run companies I have ever seen.”

JA Solar Holdings (JASO) -- “You like risk, I like reward. I am not a buyer. I like First Solar (FSLR), SunPower (SPWR) and Applied Materials (AMT) are better picks.”

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Comments

[BillyH:]

Yes, Cramer says don't buy WaMu. Time to buy some more shares. He's always wrong!!

2008 Aug 22 03:01 PM

[tginomorebush:]

Cramer recently endorsed jaso and now calls it a "risk" ........ since he changes his mind on stocks so often ..... he has to be right! Plus he only remembers what he says when it benefits his "newest" comment on a stock! What a crock!

2008 Aug 23 09:18 AM

[ksmithdc:]

I don't trust biotech stocks. They don't have long range potential as more and more people are growing disenchanted with the pills, potions and powders approach to health care. The trend is in wellness & prevention.

2008 Aug 23 09:30 AM

[WACG:]

Cramer is a toilet bug. His entire purpose on TV is to sell advertising and, when he can, secretly preannounce to his buddies what he will be saying on the show so they can make undeserved profits. The little troll should be ignored.

2008 Aug 23 09:36 AM

[Richard Col...:]

Does anybody like Cramer? I'm still trying to find someone who will praise Cramer. He says Washingtom Mutual is a poorly run company, but doesn't say why. These are the questions I want answered.

2008 Aug 23 11:05 AM

[leh:]

JC suffers badly from media overexposure and appears not to be going away anytime soon. I can only take him in small doses. His baby, theStreet.com, reflects his annoying and difficult personality, but occasionally you find some worthwhile things there. It's usually just too exhausting to wade through the garbage to find the few gems though. Same applies to JC himself.

RE WM, I think the market has long confirmed JC's opinion of this company. Stay away.

2008 Aug 23 11:25 AM

[texasgolfer:]

If bear was "sold" at $10 then if WAMU sold/bought will it be for a similar price? The question is will it sell for more than the $4.00 stock price? No one knows, so it kinda like a roulette red/black bet.

2008 Aug 23 12:45 PM

[unimpressed...:]

When Cramer left Kudlow to start his own show, I watched, every day. Then, I made the biggest investment mistake I had made in a very long time by taking his advice on a few stocks. After that disaster, I have not watched or paid any attention to him, follow my own advice, and am making money.

My observation: the random selecting monkey does better than Cramer. Jim is, in my opinion, another carnival tote for Wall Street, a huckster for his books and newsletter, and a born clown. Caveat Emptor should be superimposed over his TV program.

I do wonder what his Nielsen rating is. But, on CNBC, as well as MSNBC and NBC it doesn’t matter. GIGO is their motto.

2008 Aug 23 02:51 PM

[Leser:]

JC's consumate cocky attitude, peppered with occasional histrionically false humility, if they were charted, would have the C himself looking like a bipolar parody of the stock market . Chart his prancing and rantings and weeping and you see what CNBC's producers think will sell "financetainment" among the viewers, whom the producers obviously percieve to be dolts unworthy of serious perception. Just keep turning that dial to Bloomberg for responsible financial news reports and interviews.

2008 Aug 23 04:55 PM

[maelstrom:]

Cramer seems to suffer from too many neurotic disabilities to make any well thought out analysis ... he seems to be an extremely insecure train wreck

2008 Aug 23 07:34 PM

[sumosama:]

If you look at Cramer as purely entertainment, he is great. Not sure I would trust his recommendations anymore.

BTW, long WM...poorly run company which is why it went from 40 to 4. Now, a screaming trade!

2008 Aug 25 11:40 AM