ESI Blog - Trading the Trends!
Cramers Mad Money Stocks 11/24/08
24 November 2008Cramer Highlights
- Jim Cramer said things are finally getting better.
- Cramer credited President-elect Barack Obama for finally taking some of the uncertainty out of the markets.
- The appointments of Tim Geitner as Treasury secretary and Lawrence Summers as head of the White House Economic Council, bring hope where no hope existed before.
- “Wall Street likes these guys,” he said, “and that means something.”
- Cramer also credits our government’s bailout of Citigroup (C) as the second catalyst for the markets to rally.
- Cramer called the plan enough to make him recommend the troubled bank a buy.
- He called the bailout “a template that works” and one that can be used in other bailouts.
- Unlike the bailout of AIG (AIG), which offered little transparency or the decision to let Lehman Brothers fail.
- Cramer said the Citigroup plan keeps the common stock alive, does not punish the preferred shares and does not dump the troubled assets back into a troubled market.
- Cramer said “today we learned everything will be OK.”
- Cramer also credits Obama himself for part of today’s rally,
- He commends the president-elect for his quick and pragmatic approach toward fixing the nation’s problems.
- Every day of delay costs the economy more jobs and more foreclosures.
- This is why Obama’s job stimulus program focusing on rebuilding the country’s infrastructure is being so well received.
- Cramer’s bottom line called for a little hope and a little bit of optimism as the markets digest these events.
- Cramer called the homebuilders plea to Congress for a $250 billion bailout outrageous!
- Cramer said “These are guys who caused the problem.”
- He said the last thing the country needs is more homes.
- Congress should pay the homebuilders not to build homes.
- Congress simply cannot get behind any plan that would cause existing homeowners any additional pain and suffering.
- Cramer said the home building industry needs to either merge or die.
- Homebuilders cannot be given a government handout that will undermine the economy even further.
- Cramer interviewed Eric Schmidt, chairman and CEO of Google (GOOG), to delve deeper into Obama’s plans to turn around the U.S. economy.
- Schmidt called Obama’s economic team a group of really smart people working feverishly to develop a plan that can be implemented on Jan. 20.
- Schmidt says the Obama team is bringing fresh ideas and new energy to the problem.
- He also said Obama is focused on Main Street and bringing prosperity to the middle class.
- Schmidt is confident there will be a stimulus plan in January that includes a sizable amount to rebuild the country’s infrastructure (roads, bridges, schools and energy infrastructure).
- Regarding the Citigroup bailout, Schmidt said it appears the government finally found the right way to structure this type of deal.
- He said the recent hearings with the automakers also shows that the government is no longer handing out money without a solid plan for recovery.
- When asked how the economy’s troubles would affect the Internet and Google in particular, Schmidt said that he doesn’t really know how the recession will affect his company’s earnings.
- Schmidt does expect the Internet overall, to continue to grow and continue to do “very, very well.”
Here’s the list of stocks from Cramer’s Mad Money Show for Monday, November 24, 2008.
Thumbs up for these stocks………….
BGC - General Cable $10.47 (up 37.40% today)
HON - Honeywell International $26.19
HPQ* - Hewlett Packard $35.70
NUE - Nucor $31.08 (up 9.90% today)
RPM - RPM International $11.46
X - United States Steel $27.85 (up 11.80% today)
Thumbs down for these stocks………..
EK - Eastman Kodak $7.47
NKE - Nike $50.32
STLD - Steel Dynamics $6.72 (up 10.16% today)
*A CHARITABLE TRUST STOCK.
Market Close for Monday, November 24, 2008
24 November 2008| ^DJI | 8046.42 | +494.13 (+6.54%) | ||
| ^IXIC | 1384.35 | +68.23 (+5.18%) | ||
| ^GSPC | 800.03 | +47.59 (+6.32%) | ||
| ^NDX | 1085.57 | +49.06 (+4.73%) | ||
| ^OEX | 389.88 | +22.78 (+6.21%) | ||
| ^SML | 220.10 | +11.89 (+5.71%) | ||
| ^QNET | 62.94 | +3.10 (+5.18%) | ||
| ^VXO | 76.17 | -11.07 (-12.69%) | ||
| ^VIX | 72.67 | -8.19 (-10.13%) | ||
| ^VXN | 71.20 | -9.44 (-11.71%) | ||
| PVADX | 18.27 | +1.16 (+6.78%) |
Cramers Mad Money Stocks 11/21/08
21 November 2008Cramer Highlights
- Cramer is trying to get to the bottom of what’s behind the relentless selling in the markets.
- He called the markets a “true financial Armageddon”.
- All asset classes, except Treasuries, are declining at an alarming rate, mirroring what happened during the Great Depression.
- Cramer said stocks are taking the brunt of the decline because they’re the most liquid asset class out there.
- When large funds need to raise cash, they turn to stocks.
- Since bonds are currently trading in an illiquid state, funds are forced to sell equities.
- Thus putting all of the burden on stocks, regardless of the underlying fundamentals.
- Also there’s a tremendous desire for mid-cap turned small-cap companies to take themselves private.
- With credit markets tight there is just no money available to do so.
- Markets will not see a bottom until the credit markets loosen, forced selling stops and companies are able to take themselves private to escape the carnage.
- He advises investors to buy in small increments on the way down and sell into strength, like today, to raise cash.
- Cramer still recommends recession resistant stocks.
- The companies he see’s as safe investments have high dividend yields and are trading at or near their cash values.
Here’s the list of stocks from Cramer’s Mad Money Show for Friday, November 21, 2008.
Thumbs up for these stocks………….
DEO - Diageo $51.96
GNTX - Gentex $7.19
TNH - Terra Nitrogen $87.94
CLNE - Clean Energy Fuels Corp. $4.01
CRM - SalesForce.com $22.32 (CRAMER WOULD BE A BUYER WHEN MARKET BEGINS TO CARE ABOUT GROWTH AGAIN)
OC - Owens Corning $12.08 (CRAMER WOULD BE A BUYER ON ANY WEAKNESS)
Thumbs down for these stocks………..
CF - C F Industries $46.64
STI - Suntrust Banks $22.45
Market Clsoe for Friday, November 21, 2008
21 November 2008| ^DJI | 8046.42 | +494.13 (+6.54%) | ||
| ^IXIC | 1384.35 | +68.23 (+5.18%) | ||
| ^GSPC | 800.03 | +47.59 (+6.32%) | ||
| ^NDX | 1085.57 | +49.06 (+4.73%) | ||
| ^OEX | 389.88 | +22.78 (+6.21%) | ||
| ^SML | 220.10 | +11.89 (+5.71%) | ||
| ^QNET | 62.94 | +3.10 (+5.18%) | ||
| ^VXO | 76.17 | -11.07 (-12.69%) | ||
| ^VIX | 72.67 | -8.19 (-10.13%) | ||
| ^VXN | 71.20 | -9.44 (-11.71%) | ||
| PVADX | 18.27 | +1.16 (+6.78%) |
Market Close for Thursday, November 20, 2008
20 November 2008| ^DJI | 7552.29 | -444.99 (-5.56%) | ||
| ^IXIC | 1316.12 | -70.30 (-5.07%) | ||
| ^GSPC | 752.44 | 0.00 (+0.00%) | ||
| ^NDX | 1036.51 | -51.09 (-4.70%) | ||
| ^OEX | 367.10 | -25.13 (-6.41%) | ||
| ^SML | 208.21 | 0.00 (+0.00%) | ||
| ^QNET | 59.84 | -3.20 (-5.08%) | ||
| ^VXO | 87.24 | +7.61 (+9.56%) | ||
| ^VIX | 80.86 | +6.60 (+8.89%) | ||
| ^VXN | 80.64 | +5.98 (+8.01%) | ||
| PVADX | 17.11 | -1.31 (-7.11%) |
LOPE - Grand Canyon Education, Inc. IPO Starts Trading
20 November 2008Today (11/20/08) LOPE - Grand Canyon Education, Inc. opened for trading at $10.00 after pricing at $12.00. The offering of 10.5 million shares had an intial range of $18-20 but revised that down to $12-14 and ultimately priced at $12.00. At the end of the day, its shares closed at $11.85, down $0.15. Lead underwriters for the offering were Credit Suisse and Merrill Lynch. Grand Canyon Education is an accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs.
Market Close for Wednesday, November 19, 2008
19 November 2008Holy Sh*t! Look at them numbers!
FEDS: Come on, give dem auto-makers some of the moola and save us all from the boogey men.
We …. are now down at least 40% (even without running the numbers).
| ^DJI | 7997.28 | -427.47 (-5.07%) | ||
| ^IXIC | 1386.42 | -96.85 (-6.53%) | ||
| ^GSPC | 806.58 | -52.54 (-6.12%) | ||
| ^NDX | 1087.60 | -68.15 (-5.90%) | ||
| ^OEX | 392.23 | -24.40 (-5.86%) | ||
| ^SML | 222.33 | -18.18 (-7.56%) | ||
| ^QNET | 63.04 | -5.87 (-8.52%) | ||
| ^VXO | 79.63 | +7.29 (+10.08%) | ||
| ^VIX | 74.26 | +6.62 (+9.79%) | ||
| ^VXN | 74.66 | +6.35 (+9.30%) | ||
| PVADX | 18.42 | -1.33 (-6.73%) |
Another Day In The Life
17 November 2008Yahoo CEO Jerry Yang to step down…
Hillary Clinton to accept Barrack Obama’s offer of Secretary of State…
Citibank cuts another 52,000 jobs…
Markets finding new lows…
Oil down around $55 a barrel…
(I paid $1.899/gallon at Costco the other day)
Mark Cuban charge with insider trading…
Asian stocks fall again (11/18/08)…
…. Thankfully we have Ultrashort ETFs!
Cramers Mad Money Stocks 11/17/08
17 November 2008Cramer Highlights
- Cramer Asks Himself: “Am I too negative?” His reply - “No, I don’t think so.”
- Every time the Dow Jones Industrial Average bounces off its lows of 8,200, Cramer really wants to be a bull.
- But reality returns and Cramer realizes the bad news is still getting worse, not better.
- The federal bailouts have prevented the economy from completely falling apart, however they still haven’t addressed the real problem of home price deflation, and they have not created a single new job.
- While falling gas prices may give consumers much needed reprieve, dismal retail sales numbers prove that the consumer is still not spending.
- Cramer said the fact of the matter is things aren’t really improving.
- Home builders are still turning out new homes as fast as they can.
- The fate of GM (General Motors) lingers over the economy like a huge black cloud.
- What wouLd change his mind on the markets? Interest rate cuts in China and Europe, or a resolution to the GM crisis.
- Until then, he believes there are just too many negatives.
- Cramer took a hard look at his basket of green stocks to see if his green thesis still holds up in a cheap oil world.
- The green basket included such stocks as FSLR - First Solar, FWLT - Foster Wheeler, SGR - Shaw Group, MEMC - MEMC Technologies, BWA - BorgWarner, TTEK - TetraTech, OMG - OM Group and FTEK - Fuel-Tech.
- Since Cramer first highlighted the green stocks on April 16, 2007 and Nov. 6, 2008 the stocks enjoyed a 65% gain on average.
- Since Nov. 6, as oil and natural gas prices have plummeted, so have the green alternatives.
- The green basket is now down 37% from April 2007 to today.
- Green stocks have fallen before, but never as quickly as in recent weeks.
- The U.S. now only relies on renewable energy for just 6% of its energy, on par with that of 1977.
- Cramer blamed today’s fall in green stocks on lower oil prices along with forced selling by ailing hedge fund investors.
- With President-elect Barrack Obama clearing in the ethanol camp, he sees little chance for a resurgence for the natural gas alternative or in any of the wind or solar plays anytime soon.
- Cramer Outrage of the Day: Cramer took issue with the Securities and Exchange Commission.
- Instead of going after those responsible for trillions of dollars in bank and investment losses, it took aim today took aim at celebrity investor Mark Cuban for insider trading.
- Cramer said if found guilty, Cuban deserves punishment, but called the move by the SEC an amusing sideshow among unprecedented other issues.
Here’s the list of stocks from Cramer’s Mad Money Show for Monday, November 17, 2008.
Thumbs up for these stocks………….
CPB - Campbell Soup
DUK - Duke Energy
GIS - General Mills
NAT - Nordic American Tanker
TAP - Molson Coors
WY - Weyerhaeuser
Thumbs down for these stocks………..
AEE - Ameren
AET - Aetna
CAG - Conagra Food
CBI - Chicago Bridge & Iron
FRO - Frontline
MER - Merril Lynch
*A CHARITABLE TRUST STOCK.
Market Close for Monday, November 17, 2008
17 November 2008| ^DJI | 8273.58 | -223.73 (-2.63%) | ||
| ^IXIC | 1482.05 | -34.80 (-2.29%) | ||
| ^GSPC | 850.75 | -22.54 (-2.58%) | ||
| ^NDX | 1151.96 | -27.67 (-2.35%) | ||
| ^OEX | 410.91 | -10.43 (-2.48%) | ||
| ^SML | 241.80 | -3.56 (-1.45%) | ||
| ^QNET | 69.81 | -3.01 (-4.13%) | ||
| ^VXO | 73.15 | +2.84 (+4.04%) | ||
| ^VIX | 69.15 | +2.84 (+4.28%) | ||
| ^VXN | 68.60 | +2.55 (+3.86%) | ||
| PVADX | 19.84 | -0.22 (-1.10%) |
