Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday October 19.
A Fine Proposal: Yahoo! (YHOO), The Knot (KNOT) and Google (NASDAQ:GOOG)
To "resuscitate" embattled Yahoo, Cramer has been recommending takeover targets since he believes that acquisitions are the only way the company will "come back from the dead." Today's choice is The Knot "the premiere wedding internet site," and Cramer suggests buying it before Yahoo does. Two obstacles to this union would be a listless Yahoo management or the perception that KNOT may be too expensive. Cramer says that KNOT is going up whether or not Yahoo proposes. Concerning Google, Cramer says that it hasn't finished its run and has raised his target from $500 to $560.
Related: Jonathan Liss comments that Yahoo's fundamentals are deteriorating.
House Calls: Johnson & Johnson (NYSE:JNJ)
Cramer notes that JNJ rose 4 points since Monday and he believes that the company's conference call, which is "the best so far this season" is the cause of the bounce. He discussed what to look for in a conference call: a confident management which is not cocky or nervous, a raised guidance, outliers (information that may affect the stock) and candor.
Related: Benjamin Clark and Jonathon Ritchie discuss Johnson&Johnson's consistent sales increases.
CEO Interview: World Wrestling Entertainment (NYSE:WWE) Chairman and CEO Vincent McMahon
When Cramer asked about WWF's audience, Vincent McMahon said that while U.S. attendance has declined, international ticket sales are strong and adds that his product is "pretty easily understood, and it's global in nature." He said that the company can handle the downside in its movie making because "We keep production costs down, and we use our own intellectual property ... We have a tremendous leg up, and we are story tellers."
Sell Block: Santarus (NASDAQ:SNTS), Schering-Plough (SGP), C.R. Bard (NYSE:BCR), Lear (NYSE:LEA), Level 3 Communications (NASDAQ:LVLT), Continental Airlines (NYSE:CAL), Apple (NASDAQ:AAPL), Johnson & Johnson (JNJ), Walter Industries (NYSE:WLT), Advanced Micro Devices (NASDAQ:AMD), Jefferies (NYSE:JEF), Knight Capital (NASDAQ:NITE), eBay (NASDAQ:EBAY), and United Health Group (NYSE:UNH)
Cramer says it is time to ring the register on BCR, LEA and SNTS, which is up after a deal with SGP. He also suggests selling a bit of CAL and 25% of LVLT. Cramer urges investors to hold on to AAPL, JNJ and WLT. Although the company did not have a good quarter, AMD is a hold says Cramer,who would switch out of Jeffries and get into NITE. Cramer regrets having been negative on EBAY and trusting UNH.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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