Cramer's 'Mad Money' Recap: Finding Opportunity in a Declining Stock
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Diageo (DEO): "These are terrific stocks. They are the best."Leap Wireless (LEAP): "Look before you leap. I think you should buy Sprint Nextel (S)." Duke Energy (DUK): "I'm a buyer of Duke, even though I don't like their boardroom manners." Gannett (GCI): "I'd like it to come in a little. They're money." Hovnanian Enterprises (HOV): "No, I'd rather see you in Weyerhaeuser (WY)." ConocoPhillips (COP): "It's OK. Chevron is cheaper and has more growth." Tenaris (TS): "It's not bad but you can get Schlumberger (SLB) for a discount. I'm going there." Sirius XM Radio (SIRI): "The bears are putting a cap on that stock, but I'm a believer."
Treacherous TechnologyIt used to be that fall was the time to buy all things tech, Cramer told viewers, but in today's market technology is more treacherous than ever, as a recent downgrade of the entire semiconductor equipment sector further illustrated. But are there any bright spots worth owning? Cramer said even with new product cycles from Intel (INTC) and Microsoft (MSFT), the PC market has gone from fast growth to slow growth to no growth to declines. He said that Apple (AAPL), a stock he owns for his charitable trust,
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer spoke about his earlier interview with Starbucks (SBUX - Get Report) CEO Howard Schultz. He said that investors want to be betting with, not against, Schultz, who is setting up his company for a third round of growth. Cramer was less optimistic on Green Mountain Coffee Roasters (GMCR - Get Report), currently a Starbucks partner but also a company that will eventually become the competition as Starbucks unleashes its new Verismo coffee maker to the public. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts