Jim Cramer's Mad Money, 11/9/07: Senator Dodd Speaks

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Includes: AMFW, FMCC, FNMA, MCD, UAA
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday November 9. Click on a stock ticker for more analysis:

Bulletproof Investment: McDonald's (NYSE:MCD)

Cramer touted McDonald's as yet another bulletproof investment in the current difficult market. He noted the golden arches' steady performance and growth potential both in the U.S and overseas. The stock was down a dollar on Friday, and Cramer would buy MCD before its analyst meeting on Tuesday, during which the company is expected to discuss new strategies for promoting growth in Europe.

Special Guest: Senator Chris Dodd [D-CT] with stocks Fannie Mae (FNM), Freddie Mac (FRE)

Presidential candidate Chris Dodd focused on the subject of energy during his appearance on Mad Money: "We borrow a billion dollars every day to borrow foreign oil," he said, adding that no discussion of energy independence can neglect the importance of nuclear power. Concerning the U.S. economy, Senator Dodd said, "We've got a liquidity crisis as well as a mortgage crisis." He added investigations of FNM and FRE may hamper the institutions which could otherwise remedy domestic economic problems. Concerning capital gains taxes, Senator Dodd said he didn't see a reason to penalize hedge fund managers and hoped a capital gains tax would not have "unintended consequences." Finally, Senator Dodd made a plug for his political party; "If you look back over the years, Democrats have been much better managers of the economy."

Related: Cramer has also been critical of the investigation of FNM and FRE.

CEO Interview: Ray Milchovich, Foster Wheeler (FWLT)

While FWLT has been performing well recently, there have been rumors of saturation. Milchovich responded supporting markets continue to be strong. For instance, Saudi Aramco announced plans to spend ninety billion on oil projects. Milchovich added FWLT is developing carbon-capture technology to make burning coal cleaner and is investing $30 million in Italian wind farms. Finally, Milchovich noted, "75% to 80% of our business is outside of North America … we are truly a global company," which has significant Asian exposure and is not overly dependent on the Middle East.

Related: Steven Towns discusses FWLT's successful earnings report.

Mad Mail: Under Armour (NYSE:UA)

A viewer asked Cramer if his criticism of UA was due to his embarrassment over CEO Kevin Plank's aggressive insider selling. While Cramer says he felt betrayed by this move, he added his main concern is UA's inventory problem. "You can own it," Cramer said, "but I got to tell you, it may never be good again."

Related: Tradermark says Cramer initially ignored UA's inventory problem.

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