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Cramer's 'Mad Money' Recap: How to Play the Earnings Season
03/28/08 - 07:37 PM EDT
Click here for an archive of Cramer's "Mad Money" recaps.
"We can't be too optimistic about this earnings season," Jim Cramer cautioned viewers of his "Mad Money" TV show Friday.
Cramer: Banks' Woes Bound to Worsen |
Get Pass the Negativity
For "Speculation Friday," Cramer highlighted AMAG Pharmaceuticals AMAG, a biotech company that is working on a drug called Fermoxytol to help deliver iron to diabetic patients. According to Cramer, Fermoxytol is a game-changing drug that is safer than current methods and more convenient and easier to administer, all of which translates to lower costs for healthcare providers. Cramer expects the the drug, which is awaiting FDA approval, to be a shoe-in to receive that approval. Cramer said that now is the time to buy AMAG because the negativity surrounding the company has gotten out of control. Since September of 2007, the stock has come down considerably due to concerns surrounding its secondary stock offering. Merrill Lynch recently downgraded the stock, a move Cramer called "ill-timed" and "wrong." "Take advantage of the false negativity," said Cramer.A Natural Gas Winner
"There are few things safer than an unfairly beaten down stock that has a huge yield," says Cramer. That's why he's recommending Enterprise Products EPD, a mid-stream energy company that manages natural gas pipelines. Since Cramer first recommended EPD on May 8, 2007, the stock has been losing ground. However Cramer notes that with the company's 6.9% dividend yield, the losses are smaller than they appear. He suggested investors average down at the current price to lower their cost basis.Cramer tells investors how to play Altria's split-up of its tobacco and beer businesses.
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Textron's military business should benefit from a report calling for no change in U.S. troop levels in Iraq, Cramer says.
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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.
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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.
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