Cramer's 'Mad Money' Recap: Biotech in the Spotlight
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There is a tug of war for dollars on Wall Street this week. The tug of war is between technology and biotech. Technology won on Monday night. But Tuesday night belonged to biotech.
Motorola CEO TalkMotorola (MOT) reported a great second quarter after the bell on Tuesday night. It reported better-than-expected earnings and sales. But the stock sold off after hours. Cramer talked with CEO Ed Zander about the quarter and about the company's future. Zander outlined a host of products that will continue to keep the momentum going at Motorola. After chatting with Zander, Cramer said that the stock ran up in anticipation of great numbers. Cramer now thinks that the stock might pull back, however. And if it does, he said that he would definitely be a buyer. Cramer also pointed out that Motorola would be meeting with analysts next week to discuss business as well. Finally, if Motorola had reported its numbers by itself on Tuesday -- without Yahoo! (YHOO) and Lucent (LU) also reporting -- the stock would have been up on Tuesday night. Instead, it was down. Cramer believes weakness in Motorola stock is a gift, he said.
The 'Lightning Round'
BullishCramer was bullish on: Gold Kist (GKIS), Schering-Plough (SGP), Homex (HXM), WCI Communities (WCI), Syneron Medical (ELOS), Apache (APA), SCP Pool (POOL), Chicago Mercantile (CME), Expeditors (EXPD), Allscripts Healthcare (MDRX), Titanium Metals (TIE), Orleans Homebuilders (OHB), BRE Properties (BRE), International Paper (IP), Microtune (TUNE), Logitech (LOGI), Novatel (NGPS).
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