This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: All Roads Lead to Navteq

Click here for an archive of Cramer's "Mad Money" recaps.


Navteq (NVT) missed earnings estimates by a penny two weeks ago, and the stock went down 10 points. "That's an overreaction," said Jim Cramer Tuesday on his "Mad Money" TV show.

Cramer applauded a Piper Jaffray upgrade of the stock Tuesday, but the stock is still below where it was the day after it announced earnings. "Maybe no one heard [Piper Jaffray]," said Cramer. "Maybe I can help. You need to buy Navteq."

Road Range

Cramer is bullish on Navteq, which makes on-board navigation systems for vehicles, because it is the kind of "gadget" stock that fits his fourth-quarter tech rally thesis. Navteq is making inroads into the mass market, he said, as more and more lower-priced vehicles are equipped with the service.

The stock also historically does well in the fourth quarter, he said. Additionally, Google (GOOG - Get Report) uses Navteq's database to power its mapping Web site.

Cramer said Piper Jaffray is predicting 30% earnings growth for Navteq. If that happens, "growth junkies" will return to the stock, he said.

Commenting on GPS handheld-device maker Garmin (GRMN - Get Report), Cramer said he believes the company is also right, but he's not sure where to do a 'mon back.* The stock got "shelled" last week, he said.

"Navtech has less hair on it" and has the edge right now, he said.

In response to a question about telecom GPS plays such as Nextel with its GPS phone, Cramer said he is not a fan of the telecoms right now. Sprint Nextel (S) is being squeezed by Verizon (VZ - Get Report) and SBC Communications (SBC), which are spending fortunes on their systems right now, he said.

BellSouth (BLS) has its "head in the sand." And, Cramer indicated that Qwest (Q - Get Report) is a disaster.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $118.44 -2.36%
BTU $1.09 -9.17%
CIB $37.93 -1.74%
CHS $14.97 -1.64%
GOOG $631.21 0.90%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs