Not Off the RIMM - Cramer's Lightning Round (9/3/08)

by: SA Editor Joan Wickham September 03, 2008 | about stocks: AAPL / ADCT / AUY / CVS / EBAY / EGLE / FRO / GLW / MGM / RHT / RIMM / TAP / UPS / YHOO    

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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, September 3.

Bullish Calls:

Research in Motion (RIMM) -- “Overdone to the downside. I am not buying into the negativity. I'd rather own tech than sell tech. Research in Motion is a buy.”

Apple (AAPL) -- “Apple is a buy.”

Corning (GLW) -- “Corning is a buy.”

Molson Coors (TAP) -- “I like Molson Coors. The raw costs have come down. I want to buy this one”

Brown Forman (UPS) -- “I like Brown Forman as well.”

CVS Caremark (CVS) -- “CVS, along with the rest of retail, is a part of the early-cycle rally taking place right now. He recommended buying CVS.”

Bearish Calls:

Yamana Gold (AUY) -- “They missed the quarter, and there is no excuse to miss the quarter. I can’t recommend Yamana. I'd go with Agnico-Eagle Mines (AEM)”

ADC Telecom (ADCT) -- “Too hard. Inexpensive stock, but I do not like telecom. Don’t buy.”

MGM Mirage (MGM) -- “Sell, sell, sell. We have too many casinos; the margins are horrible. I said to sell the casinos and I'm sticking with it.”

eBay (EBAY) -- “No, No, No. Volume is declining and I can't get behind it. That one is trouble. Stay away from both internet companies.”

Yahoo! (YHOO) -- “Yahoo is also trouble. Stay away from both internet companies.”

Sociedad Quimica of Chile (SOM) -- “I think you’re in the house of pain with that, and it’s going to be at that address for a little bit.”

Red Hat (RHT) -- “I like Red Hat but I can’t get behind a software company right now.”

Eagle Bulk Shipping (EGLE) -- “Buy Frontline (FRO) instead.”

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This article has 6 comments:

  •  
    Sep 03 08:40 PM
    2-3 DAYS AGO CRAMER SAID SELL CVS BUY WAG NOW HE IS RECOMMENDING CVS HE IS A SICK PUPPY
    Reply | Link to Comment
  •  
    Sep 04 08:44 AM
    Cramer does not know the Shipping Sector. Neither do show hosts on CNBC. I heard one confuse bulk shipping with containers coming out of China. Either the sector is too small, or they don't have contacts to interview, or they don't have access to shipping analysts in New York. I sometimes wonder what other sectors are great investments but we don't hear about them because Cramer and his cohorts don't follow them.
    Reply | Link to Comment
  •  
    Sep 04 11:40 AM
    Cramer said to sell MGM and the casino stocks. What an idiot. He has been wrong on his picks over 50% of the time. That's why he makes money writing these articles and not making money as an investor. I like Zack's picks. They do a pretty good job on their recommendatios.
    Daniel Kowkabany
    Reply | Link to Comment
  •  
    Sep 04 12:23 PM
    When the likes of Cramer finally get into an underrated sector like shipping, then the party is usually over.
    His 50% accuracy could easily be aachieved by a cave man.
    Lately he's been saying 'don't follw my recs. - do your own homework -an hour per stock followed'.
    What!?!!?
    My hour is now better than his full-time passionate pursuit of perfection??

    FRO for example has been despised by analysts for ten years, during which time it has payed excellent dividends along with some useful growth. You can also trade the rather predictable ups and downs.
    Reply | Link to Comment
  •  
    Sep 04 12:59 PM
    Frontline is entirely on the spot market and in tankers for crude and refined products.Eagle is in dry bulk (limited to the Supramax sub-sector, has credit insurance on its charterers and 3-5 year time charters--with one ship on a 10 year charter--has an entirely different business model than Frontline). These are not at all comparable risk models, so Cramer's comment is irrational.
    Reply | Link to Comment
  •  
    Sep 09 07:12 PM
    Indeed.........ZAKS is good at this time and any other.

    I don't understand something. Cramer gets killed daily (and by the same posters is not unusual)
    but these bashers hang on his every word and I would bet that in ordinary times they have made
    money with the guy.

    All he is doing, if you listen, is put you on a track wherein you do your own due diligence,
    remind you not to buy that day,while having the balls to show up every night.

    I would love to see these bashers come up with content five nights a week,have the memory
    he has,and right or wrong offer ideas.

    Hey fellas !!!!!!!!!!!!! Do something else with your time.

    Tom


    On Sep 04 11:40 AM User 218405 wrote:

    > Cramer said to sell MGM and the casino stocks. What an idiot. He
    > has been wrong on his picks over 50% of the time. That's why he makes
    > money writing these articles and not making money as an investor.
    > I like Zack's picks. They do a pretty good job on their recommendatios.
    >
    > Daniel Kowkabany
    Reply | Link to Comment
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