Jim Cramer's Mad Money In-Depth Stock Picks, 9/24/07

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday September 24. Click on a stock ticker for more analysis:

Across the Pond: Best Buy (NYSE:BBY), Circuit City (NYSE:CC), Carnival Cruise Lines (NYSE:CCL), Royal Caribbean (NYSE:RCL)


With the falling dollar and domestic economic worries, smart U.S. companies go across the pond for stable business. While Circuit City blamed the lackadaisical American consumer for its disappointing performance, BBY is expanding abroad into Canada and Mexico, increasing its foreign sales by 50% in the last year, commented Cramer. While BBY is growing abroad, CC is cutting essential staff and is "shrinking itself out of business," he said. A similar dynamic is illustrated by CCL versus RCL. Currently, CCL has the most cruise ships in Europe and its European passenger count rises 10% every year; by 2010, CCL predicts 40% of its passengers will be from Europe. However, RCL is currently only 10% European; "Carnival is making Royal Carribean looking like the S. S. Minnow," Cramer said.

Related: Chad Brand reports BBY's performance allays fears about the U.S. Consumer

Four Horsemen Keep Riding: Google (NASDAQ:GOOG), Apple (OTC:APPL), Research in Motion (RIMM), Amazon (NASDAQ:AMZN)

After two weeks of utter bliss, Cramer says he expects a 1% to 2% decline, and when this happens, he would buy the four horsemen at a bargain, since they are the stocks which have weathered the storm and have pricing power. Apple is benefiting from fantastic iPhone sales, a new design for iPod, and should reach $175. RIMM has already had a big rise; Cramer would sell some and buy again after the decline, since he predicts RIMM will hit $120. The consumer's gas price nightmare is AMZN's dream, since its free shipping will mean more customers. Google has risen 9.5% this summer and has been cutting costs. Cramer predicts it will reach $650.

CEO Interview: Peter McCausland, Airgas (ARG)

Peter McCausland discussed the importance of acquisitions and when asked about growth, he replied ARG expects $100-$150 million growth in sales and a 2% to 2.5% rise in non-technical production. Cramer commented; "Every time this stock has been hit in a general selloff, it's time to buy. It will not be different."

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