Time Is MoneyWhy do you want to make money? Jim Cramer asked "Mad Money" viewers Thursday. If it's because you want to show off with some fancy duds and the "bling bling," you'd understand why it's a good idea to buy Movado ( MOV), which he called one of the best luxury-goods makers around. Capitalize on your own worst qualities and make some cash, he said, pointing out that the Paramus, N.J.-based watchmaker makes some of the most expensive accessories in the business, including an $18,000 watch. The business is on fire because accessories are hot, Cramer said. And everything high-end has been doing well. Movado is a good buy because it is relatively unexploited, he said, adding that the company has beaten earnings estimates for the past three quarters. The nine quarters before that, Movado met earnings estimates. The company is working with partners to market watches, including designer labels such as Juicy Couture. And while most of the company's money comes from wholesale sales to other retailers, Cramer said they are operating 27 boutiques and 19 outlet stores. "We like the retail because it's straight to customers, so the margins are higher for Movado," he said. These retail locations are not profitable yet, but he believes that they will be soon and that will mean growth. Plus, premium and luxury watches have been in high demand, and global demand for expensive timepieces is high, Cramer said. Movado could see a lot of business in China, which is now the third-largest market for luxury goods, because the company's goods are pricey, but not as expensive as brands like Rolex.
A Wisconsin WinnerCramer said that he told viewers about Manitowoc ( MTW) last month during his "minerals and the people who mine them" show. If you got in that Badger State stock, then you made mad money, he said. The company's numbers were bumped higher based on better-than-expected demand for cranes. And there's pin action here, he said. This demand is good for everyone in the mining and construction sector, and companies like Terex ( TEX) and Caterpillar ( CAT) have already moved higher. But you haven't missed the boat, he said. It's time to look at H&E Equipment Services ( HEES). H&E maintains a fleet of trucks and earth moving equipment, and it offers parts and services, Cramer said. Rental rates have increased by roughly 13%, and if there's been a boom in demand for cranes, then Cramer believes there's a boom in demand for rental cranes.
Fast and FuriousLast year Cramer gave viewers his "nine fast and the furious stocks," meaning the hottest, most volatile stocks out there. He said that they "might not continue to be so sexy" because they were running so hot that they might crash and burn. But "momentum blew caution away and Cramer got crushed," he said, adding that the average gain for the basket was 33.52%. This showed that momentum can mean big money. But, he warned, the going was not all good. Some companies like Travelzoo ( TZOO) tanked. This year Cramer's five fast and furious stocks are: Rackable Systems ( RACK), Akamai Technologies ( AKAM), F5 Networks ( FFIV), Citrix ( CTXS) and Network Appliance ( NTAP). They could produce high returns, but you have to be careful with these stocks, he said. Be rigorous, do the homework and pick the ones you believe could maintain the momentum for a while because their businesses are solid.
BullishCramer was bullish on Cedar Fair ( FUN), Ceradyne ( CRDN), Hewlett-Packard ( HPQ), Cardinal Health ( CAH), UnitedHealth Group ( UNH), Agilent ( A), AK Steel ( AKS), United States Steel ( X), Oregon Steel ( OS), Wheeling-Pittsburgh ( WPSC), International Game Technology ( IGT), Vulcan Materials ( VMC), Martin Marietta Materials ( MLM), Eagle Materials ( EXP), Brocade Communications ( BRCD), Conexant ( CNXT), Legg Mason ( LM), Trinity Industries ( TRN) and BHP Billiton ( BHP).
BearishCramer was bearish on Six Flags ( PKS), Tidewater ( TDW), Applied Materials ( AMAT), Amkor Technology ( AMKR), Montpelier Re ( MRH), Mikohn Gaming ( PGIC), Encysive Pharmaceuticals ( ENCY), Exploration Co. of Delaware ( TXCO) and FreightCar America ( RAIL). For more of Cramer's insights during the most recent Lightning Round,
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