Jim Cramer's Mad Money In-Depth Stock Picks, Sept. 1

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday September 1. Click on a stock ticker for more analysis:

Friday's program was a re-broadcast of a show which first aired on May 29th. There was no Lightning Round.

Retirement is Booming: Four Seasons (FS), Marriott (NYSE:MAR), Starwood Hotels & Resorts (HOT)

As the baby boomers prepare for retirement, Cramer is looking at travel and leisure stocks designed to cater to their needs. For the wealthier boomers, Four Seasons is an excellent pick, since it has bounced back from concerns over terrorism and competition from Ritz-Carlton, although Starwood (HOT) is on its way to giving FS a run for its money. Cramer picks Mariott as a favorite hotel for budget-minded retirees.

Looking Good: Orient-Express Hotels (OEH), Barnes & Noble (NYSE:BKS), and American Express (NYSE:AXP)

Cramer singled out three companies which thrive on their image and ambience. OEH is a best-of-breed rail stock, according to Cramer, and is the choice for those who prefer an elegant travel. He notes that BKS is known for its attractive interiors, and AXP is a card people actually pay to use.

Throw of the Dice: Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), International Game Technology (NYSE:IGT), and Scientific Games (NASDAQ:SGMS)

The way to avoid losing your shirt in a casino is to invest in a good one. Cramer picks LVS as a best-of-breed stock which has a casino in Macau, China and brings in seven times more than the average outfit in Las Vegas. He also likes WYNN, which is also moving to Macau, but he does not recommend buying it until the new casino actually opens. Cramer says the best "bet" is to avoid competition and buy International Game Technology (IGT) which supplies two-thirds of the slot machines in North America. He also likes SGMS, which manages lotteries.

Surf and Turf: Morton's Restaurant (NYSE:MRT-OLD), Ruth's Chris Steakhouse (NASDAQ:RUTH), Royal Carribean Cruises (NYSE:RCL), and Carnival (NYSE:CCL)

Cramer suggests buying MRT before it rallies, since its numbers have been solid. RUTH has recently recovered from its hit after Hurricane Katrina. Cramer believes that RCL deserves to have a higher price-to-earnings multiple, and he prefers it to CCL.

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