Cramer's Mad Money - SAP And The Cyclical Bump (7/18/13)

Jul. 19, 2013 4:19 AM ETPSX, BA, MMM, JNJ, GOOG, MSFT, EBAY, INTC, BX, TXT, VLO, JOY, BP, SAP1 Comment
Miriam Metzinger profile picture
Miriam Metzinger

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday July 18.

CEO Interview: Bill McDermott, SAP AG (SAP)

SAP (SAP) reported a number some analysts found disappointing. CEO Bill McDermott admitted that his enterprise software company had a slow quarter. The problems seem to be industrywide, since competitors also gave lackluster results. McDermott stressed that these issues are temporary, and were mainly due to China. "Asia Pacific should never be in negative territory and it was down 7% this quarter. That is unacceptable." However, McDermott added that orders have been delayed, not taken off the table. SAP has seen double digit growth and significant upside in Southern Europe; Germany was up 9%. What has been going on recently is just a "cyclical bump," and McDermott emphasized the growth in operating profits and success with cloud.

Boeing (BA), 3M (MMM), Johnson & Johnson (JNJ), Google (GOOG), Microsoft (MSFT), eBay (EBAY), Intel (INTC), Blackstone (BX), Textron (TXT), Phillips 66 (PSX), Valero (VLO)

Mixed data is good for a bull market, because if the news is too good, people fear the Fed will cease its assistance, and if the news is negative, stocks get hit. The Dow rose 78 points, and Cramer discussed the biggest contributors to the Dow's move upward so far this year. Boeing (BA) has contributed 241 points to the Dow's rise, 3M (MMM), 172 points and Johnson & Johnson (JNJ), 156 points. Cramer thinks it is a good sign that industrials like BA and MMM are rising alongside a defensive stock like JNJ; that shows that the bull market is widespread and not just centered in a few sectors. Transports are up even though fuel prices are high. There were some disappointments, including weak news from Google (

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