Mad Money Recap
Cramer's 'Mad Money' Recap: Game Plan for Next Week
07/13/07 - 08:19 PM EDT
On Friday, Cramer said, he expects Caterpillar (CAT - Cramer's Take - Stockpickr) and Schlumberger (SLB - Cramer's Take - Stockpickr) will both report better-than-expected quarters. "I'd buy all these names before they report and enjoy the good news," he concluded. Cramer then explained his anger bet, which he said involves the banks. Next week, when Merrill Lynch (MER - Cramer's Take - Stockpickr), Wells Fargo (WFC - Cramer's Take - Stockpickr), JPMorgan Chase (JPM - Cramer's Take - Stockpickr), Bank of America (BAC - Cramer's Take - Stockpickr) and Citigroup (C - Cramer's Take - Stockpickr) report, Cramer told viewers, he believes those companies will increase their stock buybacks and raise dividends, because "these banks are on a mission to show that there is no slowdown." Cramer said he would buy any of these five banks and that he has been purchasing Citigroup for his charitable trust.
$80-to-$120 Bonanza
In the final installment of Cramer's series about his $80-to-$120 theory, which states that "stocks that go to $80 in a bull market usually go to $100, and stocks that make it to $100 tend to go all the way to $120," Cramer once again acknowledged that his theory is "preposterous" but nevertheless works. "I think I'm right about the $80-to-$120 pattern, but I didn't expect to see the kind of quick gains that these stocks have delivered this week," said Cramer, referring to the six stocks he has already named in the series: Boeing (BA - Cramer's Take - Stockpickr), Caterpillar, ConocoPhillips (COP - Cramer's Take - Stockpickr), Energizer (ENR - Cramer's Take - Stockpickr), Air Products & Chemicals(APD - Cramer's Take - Stockpickr) and Apache (APA - Cramer's Take - Stockpickr).Cramer says the time is not right for private-equity companies coming public.
Air Products and Chemicals is Cramer's next pick to hit $120.
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