Mad Money Recap
Cramer's 'Mad Money' Recap: Why Starbucks Will Rebound
01/08/08 - 07:53 PM EST
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- Cramer's 'Mad Money' Recap: Bargain Stocks With Great Dividends
- Cramer's 'Mad Money' Recap: Ugly Market Limits Picks
- Cramer's 'Mad Money' Recap: The Natural Gas Stock for 2008
- Del.icio.us
- Digg
- StumbleUpon
Cramer's change of heart in Starbucks came after Schultz called him to assure him he would do whatever it takes to turn the company around. Cramer said he believes him. According to Cramer, the best way to scale a position in Starbucks is to buy one-quarter of the position now, another quarter a week from now, and the remaining half after the company reports at the end of January.
A Lot More to Do
Next on the list of "resignations" is Jimmy Cayne, CEO of Bear Sterns BSC, who was just replaced by Alan Schwartz. This stock has fallen from $172 to $71. Bear is a firm that's now known for its exposure to mortgage-backed bond trading, Cramer points out, "and changing the CEO won't fix that." Bear Sterns is a stock that investors should not touch, Cramer said. The company has a lot more work to do to clean up its reputation and balance sheet. Cramer recommended Merrill Lynch MER as an alternative to Bear Sterns. Merrill, he points out, is a stock with solid management, an indestructible brand, and a substantial retail network. Cramer feels Merrill has already cleaned house and is laying the ground work for future success.Broken Companies
Cramer reminded viewers that he still prefers Goldman Sachs GS over all other brokers, but now feels Merrill is getting attractive.Stocks with high yields hold more value than bonds or Treasuries, Cramer says.
The drastic market downturn leaves investors with just 40 to 70 stocks to choose from, Cramer says.
Ultra Petroleum is sitting pretty under a federal plan that will allow it to increase drilling.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:
RSS
