Mad Money Recap
Cramer's 'Mad Money' Recap: Backed Up Against a Wall of Shame
09/28/07 - 08:09 PM EDT
Biotech companies with pending drug approvals are always speculative, he said, and BioMarin is no different. If Kuvan doesn't get approval, the stock will get hurt badly. But it should get FDA approval by the end of the year, Cramer said. He said people should consider buying BioMarin for Kuvan because if approved the stock will go much higher. At the same time, it is a risky investment, Cramer warned.
Who Will Take Us to Dow 14,548?
In his "Game Plan" segment, Cramer told viewers the Dow needs to go up by 653 more points to reach his year-end price target of 14,548. He came to 14,548, Cramer said by doing a bottoms-up analysis of the Dow stocks. Some of the stocks, like Exxon Mobil (XOM - Cramer's Take - Stockpickr), Verizon (VZ - Cramer's Take - Stockpickr), General Motors (GM - Cramer's Take - Stockpickr) and Procter & Gamble (PG - Cramer's Take - Stockpickr), said Cramer, already have exceeded his price targets, and will probably go higher. Other stocks like McDonald's (MCD - Cramer's Take - Stockpickr), Alcoa (AA - Cramer's Take - Stockpickr), Coca-Cola (KO - Cramer's Take - Stockpickr) and Merck (MRK - Cramer's Take - Stockpickr) are all trading around his individualized targets, he said. But some stocks, like Wal-Mart (WMT - Cramer's Take - Stockpickr), Home Depot (HD - Cramer's Take - Stockpickr), Pfizer (PFE - Cramer's Take - Stockpickr) and Johnson & Johnson (JNJ - Cramer's Take - Stockpickr), Cramer expects, will do nothing. When it comes down to it, Cramer said he believes four names will lead the charge to his target: Boeing (BA - Cramer's Take - Stockpickr), DuPont (DD - Cramer's Take - Stockpickr), Caterpillar (CAT - Cramer's Take - Stockpickr) and Altria (MO - Cramer's Take - Stockpickr), the latter two of which he owns for his charitable trust, Action Alerts PLUS.In discounting an analyst downgrade, Cramer says people will be donning their Under Armour gear when the weather cools.
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