Recap of Jim Cramer's radio show onTuesday September 19. Click on a stock ticker for more analysis:
Nasdaq Yahoo! (YHOO), Oracle (NYSE:ORCL), Ford (NYSE:F) and Amaranth - Cramer tells investors not to worry about Tuesday's red tape and that the Nasdaq was "due for a breather after being up seven straight days." If there is a decline, which should not be more than three-quarters of a percent, he suggests picking up some tech which is "hot." Concerning cautious statements made by Yahoo's CFO Sue Decker concerning problems with the site's ads and a potentially soft quarter Cramer comments that Decker is usually negative and is trying to "tamper down" expectations. Yahoo is "very much a 2007 story," he says since it will have a new search engine and Cramer is not worried in spite of the stock's relatively high price. He is not concerned about Oracle even if it doesn't beat its estimates; "When people think a company may not make its number, if it does, the stock goes up; and if it doesn't, it stays where it is," he said. Ford has been down and Cramer recommends patience since CEO Alan Mulally is working hard to turn around the company. Amaranth counted on high natural gas prices and suffered the consequences; They gambled and they lost," said Cramer.
Related: Eric Savitz views Sue Decker's comments as a harbinger of a decline in internet stocks.
Spin Doctors: Dow Jones (DJ) - a headline in the Wall Street Journal that read: "Dow Jones Reports Increased August 2006 Advertising Revenue at The Wall Street Journal; Revises Third-Quarter Earnings Guidance" was deceptive, according to Cramer, who notes that the rosy picture painted by the headline is marred by actual statements in the press release which indicate that advertising is down from last year and that the company is actually reducing its outlook for third quarter earnings. Cramer added that, if a newspaper can be so tricky with its headlines, other companies must be employing similar tactics and that investors should stay alert.
FedEx (NYSE:FDX): FDX reports it numbers on Thursday and Cramer calls it a good $106 stock which he would buy "gingerly and in scales."
Halliburton (NYSE:HAL): Cramer is staying with HAL even though it is unpopular and may drop to $27 on the way back up. However, he cautions "if you can't take the pain, don't get in."
Lowe's (NYSE:LOW): Cramer prefers LOW to Home Depot (NYSE:HD).
Starbucks (NASDAQ:SBUX): SBUX has a lot of potential, says Cramer who would buy it in stages because of its high earnings multiple.
ValueClick (VCLK) : Cramer would wait until negative comments from Yahoo! (YHOO) die down before picking up this stock.
Home Depot (HD): Cramer thinks that CEO Bob Nardelli is the wrong man for the job since the stock has not moved up.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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