Mad Money Recap
Cramer's 'Mad Money Recap': Next Week's Game Plan
05/09/08 - 08:01 PM EDT
Although Visteon's high debt and need for refinancing in a few years "is a worry," he called the company "a real automotive turnaround story."
Missing Out on a Double
Cramer told viewers how he missed the mark by not recommending Continental Resources CLR earlier this year. He said he considered recommending the company in January, but never pulled the trigger. In January, Continental was at $26.15, a 52-week high, and while he thought the company was great, he waited for a pullback. Shortly thereafter, the stock did pull back to $22 a share, but Cramer opted to wait for an even lower price. Then the shares jumped to $28 a share, but still Cramer did nothing. He then missed the move completely as Continental spiked from $25.91 on March 24, 2008 to its current level of $53.22. "The lesson to be learned," he lamented, "is there's no perfect pitch in this game." He said Continental continues on a roll after reporting a great quarter recently, beating Wall Street estimates by four cents a share and predicting production growth of 48% for 2008. "If I had followed my own rules, I would've mentioned this one to you," Cramer said. "As long as oil and gas stays strong, this one keeps going higher."The Wall of Shame's New Member
Cramer updated his "Wall of Shame" list of the worst CEO's. He elevated Martin Sullivan, CEO of AIG AIG, to the top of the list for his horrible management of the company. "This company is moronic and I don't trust I thing they say," Cramer said. "This is a disgrace." "This stock would go up 10% to 20% if this man were fired," he said, adding he had pleaded to AIG's board of directors to do just that.
Lightning Round
Cramer was bullish on Apple AAPL, Intel INTC, Marathon Oil MRO, Gencor Industries GENC, First Solar FSLR, Applied Materials AMAT, XTO Energy XTO, Devon Energy DVN, CSX Corp CSX, Union Pacific UNP, Burlington Northern Santa Fe BNI, Norfolk Southern NSC and Potash POT. Cramer was bearish on Juniper Networks JNPR, Sunoco SUN, Commscope CTV, Genentech DNA, Sunpower SPWR, Ormat Technologies ORA, Energy Conversion Devices ENER, Fifth Third Bancorp FITB, Farm & Construction Machinery GTE, Intrepid Potash IPI and Mellanox Technologies MLNX. Want more Cramer? Check out Jim's rules and commandments for investing by clicking here. For more of Cramer's insights during the Lightning Round, click here.The company's dividend should soar as its oil tanker business flourishes, Cramer says.
Cramer asks the company's CEO to clarify remarks in a conference call that sent the stock down.
Natural gas drillers are enjoying a banner year, Cramer says.
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.
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