Cramer's 'Mad Money' Recap: BASF's Good Chemistry

07/19/07 - 07:25 PM EDT

TheStreet.com Staff

"If anything, it should be on the Buy Block not the Sell Block," he said.

Meanwhile, the financials are in "Rumorville," Cramer continued. "Sell the banks and the brokers, even with Washington Mutual (WM Quote - Cramer on WM - Stock Picks) reporting a good number."

Further, Goldman Sachs (GS Quote - Cramer on GS - Stock Picks), which he owns for his charitable trust, Action Alerts PLUS, might not bottom until it hits $200, he warned.

If people can take the pain, they should stay in it. Otherwise they should sell it, Cramer said. Goldman Sachs closed at $211.69 Thursday.

Still Riding the Rails

James Young Union Pacific (UNP Quote - Cramer on UNP - Stock Picks) chairman and CEO joined Cramer on his show and said that in the last two to three years his company has started to see the overcapacity in the rail industry lighten up.

This, tied with the increased congestion on highways, has pushed UNP up, the CEO said.

Cramer said that at $125, Union Pacific, which he owns for his charitable trust, is not done going higher. It, along with the rest of the rails, particularly CSX (CSX Quote - Cramer on CSX - Stock Picks) has two thumbs up, he said.

To view Cramer's interview with Jim Young, please click here.

Lightning Round

Cramer was bullish on ConocoPhillips (COP Quote - Cramer on COP - Stock Picks), Bolt Technology (BTJ Quote - Cramer on BTJ - Stock Picks), LodgeNet Entertainment (LNET Quote - Cramer on LNET - Stock Picks), Millipore (MIL Quote - Cramer on MIL - Stock Picks), Altria (MO Quote - Cramer on MO - Stock Picks) and Honeywell (HON Quote - Cramer on HON - Stock Picks).

Cramer was bearish on Knight Capital (NITE Quote - Cramer on NITE - Stock Picks), Toll Brothers (TOL Quote - Cramer on TOL - Stock Picks), Lennar (LEN Quote - Cramer on LEN - Stock Picks) and K.B Home (KBH Quote - Cramer on KBH - Stock Picks).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.

1 2 3 4
Next Page »
At the time of publication, Cramer was long Goldman Sachs, Union Pacific and Altria.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell
Submit Privacy Policy

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!
Premium Services