Jim Cramer's Radio Show Stock Picks

Recap of Jim Cramer's Radio show, Tuesday April 11th. Click on a stock ticker for more analysis:

General comment: How to Play Rising Oil Prices

Diversified oil companies and refiners such as Exxon Mobil (XOM) don't necessarily profit from rising gas prices. A better way is to buy the stocks of companies that provide refinery infrastracture, as no new refinery has been built in the US for 25 years. Best play is Valero Energy Corp (VLO); a more speculative play is Alon USA Energy (NYSE:ALJ).

Bullish calls:

• Altria Group Inc (MO): Two major court cases ahead of it are preventing the stock from rising. Once those are over, Altria will spin-out some of its businesses and the stock will move. If Cramer didn't already own the stock, he would buy it now.
• Australia and New Zealand Banking (ANZ): Australian and New Zealand markets are hot; this stock is a "buy".
• Broadcom (BRCM): Stock down, but fundamentals are strong and cause of stock decline is only profit taking. and they are dropping only due to profit taking. But in stages ahead of another move higher after the stock stabilizes.
• Ciena Corp (CIEN): Like Rackable Systems, probably overbought due to recent run-up. This stock is damaged in the short-run. In the longer term, look to buy incrementally on a pull-back.
• Rackable Systems (NASDAQ:RACK): Stock is down recently due to huge run up -- 71% this year. Provides servers for companies like Google (GOOG), so fundamentals strong.

Neutral/Bearish calls:

• Nortel Networks (NT): Good CEO, but weak financials. It seems that Alcatel (NYSE:ALA) bid to acquire NT, but NT is too large to be acquired.
• NEC Corp (NIPNY): Not "best of breed". Buy Matsushita Electric Industrial (MC) instead.

Related:

• Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

Comments

[wyldaxe:]

Call Details

When : Monday, November 17, 2008
Webcast : Click Here to Listen
Phone # : [phone]
Intl # : 617.614.3525
Passcode : 52809229

Replay Information

Phone # : [phone]
Intl # : 617-801-6888
Passcode : 77617284

Source: Company Press Release

Misc Information: Audio of management's presentation will be available via live webcast on the investor relations section of Nanogen's corporate website and will be archived for one year. A digital recording of the call will also be available for two weeks, beginning two hours after the completion of the conference call on November 17.

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Jan 02 10:16 AM