JimCramer posts
Posted Jul 9th 2009 10:00AM by Jim Cramer
Filed under: Analyst upgrades and downgrades, Market matters, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Wells Fargo (WFC), Politics, Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says now that most banks have raised capital, maybe it'll help the FDIC dole out assets of the losers. Can I just say that I don't care about the public-private investment program? It was a good idea before the stress tests and would have been excellent if all of these banks hadn't raised capital.
But they have.
So now we have to struggle with the notion of the program's relevance. It can be used as a cleanup program for some companies that desperately want to sell down assets to clean up their books, but with the capital raises, none of the major banks should be interested in selling into it.
Continue reading Cramer on BloggingStocks: Who needs the PPIP?
Posted Jul 8th 2009 10:10AM by Jim Cramer
Filed under: Law, Market matters, Scandals, Cramer on BloggingStocks
TheStreet.com's Jim Cramer got his hands on the strategy to stop the regulation once and for all. Lucky readers, the companion to the left of me last night at dinner mistakenly -- and I do believe it was by mistake and that he isn't a fifth columnist -- left a memo addressed to "Fellow Futures Traders." It was the battle plan, the battle plan to stop the regulation, and I am printing it here for all to see.
--------------------------------------------------------------------------------
Dear Fellow Futures Traders:
Today we find ourselves under assault by a son of Illinois, the great capital of futures, and his chief of staff who has always done our bidding.
Continue reading Cramer on BloggingStocks: The futures game plan: Top secret!
Posted Jul 7th 2009 10:00AM by Jim Cramer
Filed under: China, Market matters, Caterpillar (CAT), United Technologies (UTX), Eaton Corp (ETN), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says a data point out of Germany gives him cause for hope. I have seen the future, and it is German manufacturing orders! We are always looking for totems when we are teetering on the second dip, and a number that came out today from Germany showing a 4.4% increase in May manufacturing orders -- the best in two years -- ignited the European markets and should do the same for ours.
It's been no secret that our economy's doing nothing while the Chinese economy does all the heavy lifting. But what happens if Europe, which is supposed to be so, so sick, gets better? I don't know a soul who believes that Europe isn't worse than the U.S., with their banks being in far worse shape and their governments showing no signs of being worried about anything but Weimar.
Continue reading Cramer on BloggingStocks: Europe may be an unlikely savior here
Posted Jul 6th 2009 10:10AM by Jim Cramer
Filed under: Market matters, Scandals, Oil
TheStreet.com's Jim Cramer says it's a farce when a $10 million investment from one rogue trader can move oil up relatively easily. Here are things that the commodities traders' lobby always stops: margin increases and any sort of regulation against manipulation. They always claim that the markets are too "deep" and they always have stats that back it up. We saw this in the commoditization of stock sectors that are now dominated and manipulated by power ultra futures.
The "deepness" of any sector is, of course, an illusion if you actually trade, but if you don't trade you are tempted to attribute anything to the rise and fall of a sector except manipulation, because manipulation means common-sense margin regulation, which cuts down on fees and therefore ruins the business. No one ever allows a cut in fees -- too much money at stake, too many politicians that can be easily bought, too many agency regulators that can easily be captured.
Manipulation's just part of the game -- a sanctioned part.
Continue reading Cramer on BloggingStocks: Dirty manipulation
Posted Jul 2nd 2009 10:10AM by Jim Cramer
Filed under: Market matters, JPMorgan Chase (JPM), Bank of America (BAC), Freep't McMoRan Copper (FCX), Wells Fargo (WFC), Union Pacific Corporation (UNP), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the rally here seems too strong for the news and data we're getting. Just as when Doug Kass says, "Tell me something I don't know," I think this market knows something we don't know, either about a turn in commercial real estate to rival that of residential -- the real estate investment trusts are holding in well -- or a second stimulus plan, a real one that will put more people to work.
The employment numbers aren't good enough to merit this kind of rally, and we know the layoffs for June were preposterously high. We know that the auto build will be slightly better than expected a few months ago, but it's still pathetic and the auto idlings are about to start.
Continue reading Cramer on BloggingStocks: This market knows something we don't
Posted Jul 1st 2009 10:00AM by Jim Cramer
Filed under: Microsoft (MSFT), Apple Inc (AAPL), PepsiCo (PEP), Market matters, JPMorgan Chase (JPM), Bank of America (BAC), Chevron Corp (CVX), Goldman Sachs Group (GS), General Mills (GIS), Honeywell Intl (HON), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says stock prices may roll back, but techs and financials should be fine. The pain of the aftermath of mark-ups never goes away. We knew what was in store for us, as the mark-up folks don't like to play on the last day, especially with the newly vigilant Securities and Exchange Commission. I have to believe that this SEC will now become more interested in "the tapes," which would show clients asking brokers to take stocks up as much as they can, something that we know is against the law.
What comes up from mark-up must come down, and the most important "come-downs" should be in the industrials, because we have the least visibility in them. I do not believe the techs have as much to worry about, nor the banks, because both have excellent earnings prospects for the coming quarter. Why sell
Apple (NASDAQ:
AAPL) (
Cramer's Take) here? Why sell
Microsoft (NASDAQ:
MSFT) (
Cramer's Take)? And why dump
Wells Fargo (NYSE:
WFC) (
Cramer's Take) or
Bank of America (NYSE:
BAC) (
Cramer's Take) or
JPMorgan Chase (NYSE:
JPM) (
Cramer's Take) when those have the best possibilities of good news ahead? I can see locking in some
Goldman Sachs (NYSE:
GS) (
Cramer's Take) gains, but that's going to be the best quarter of all.
Continue reading Cramer on BloggingStocks: The post-mark-up could sting industrials
Posted Jun 30th 2009 10:00AM by Jim Cramer
Filed under: Market matters, Regions Financial (RF), SLM Corp (SLM), Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says you'll miss some great opportunities if you blindly believe all the bad news. You want a rebuke to the "never-ending woes of commercial and residential real estate mortgage bonds"? You get one every day in this market, and today is no different. Look at what is up big today:
Genworth (NYSE:
GNW) (
Cramer's Take),
Lincoln National (NYSE:
LNC) (
Cramer's Take),
Wyndham (NYSE:
WYN) (
Cramer's Take),
Regions Financial (NYSE:
RF) (
Cramer's Take) and
Zions (NASDAQ:
ZION) (
Cramer's Take). Each in its own way needs the residential or commercial real estate markets to be robust to thrive, and if the myriad articles I read about the horrible state of the mortgage bond market and the dim commercial real estate prospects were true, why would you be making money in Wyndham, a gigantic timeshare company? How could Regions and Zions be rallying? They are among the worst of the worst; unless you consider Genworth and Lincoln National, which are supposed to be roadkill because of all of their mortgage bonds.
Continue reading Cramer on BloggingStocks: Warning: The financial media can be hazardous to your portfolio
Posted Jun 29th 2009 10:00AM by Jim Cramer
Filed under: Market matters, Bank of America (BAC), Bed Bath and Beyond (BBBY), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says that to go higher from here, we need some bearish bets that are currently MIA. We need some doom-and-gloomers to go higher here. I didn't hear any last week and it is worrisome. Without some avowed bears, we could be stalled here until we see some earnings even though seasonally this is a terrific time.
I say that because as I looked for things to talk about on Friday's show, I was hoping to find some stocks where there have been big negative bets made and really couldn't. Natural gas had been thick with bears and those stocks are still going down, but I don't see a lot of bearish bets being made. We had some in retail, but they seem to have dried up since
Bed Bath & Beyond (NASDAQ:
BBBY) (
Cramer's Take). Tech? Boy, I don't see any bears at all going into what should be a remarkably negative period, at least historically.
Continue reading Cramer on BloggingStocks: Bears, we miss you
Posted Jun 26th 2009 9:30AM by Jim Cramer
Filed under: Market matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Economic data, Wells Fargo (WFC), Housing, Cramer on BloggingStocks, Recession, Financial Crisis
TheStreet.com's Jim Cramer says the endless worries will prove bogus, and jobs creation could spur a real lift. Alt-A. Endless bank foreclosures. Commercial real estate. These are the big three worries that will not be killed by data, rigor or common sense, no matter what happens.
Doesn't it occur to anyone that there already should have been a big spike in commercial real estate losses by now? That the decline in the economy has lasted long enough that it should have manifested itself? Doesn't anyone think that there should have been a big commercial real estate bad-debt bump at a
Citigroup (NYSE:
C) (
Cramer's Take) or a
JPMorgan Chase (NYSE:
JPM) (
Cramer's Take) or a
Wells Fargo (NYSE:
WFC) (
Cramer's Take)?
Continue reading Cramer on BloggingStocks: Real estate turnaround
Posted Jun 25th 2009 10:00AM by Jim Cramer
Filed under: Market matters, Citigroup Inc. (C), Bank of America (BAC), Economic data, Cramer on BloggingStocks, Recession
TheStreet.com's Jim Cramer says the jobless number shows the folly of thinking we can get through on what we have. Tough data point, the employment number. Lagging. But when you see it, the number doesn't feel like it's lagging. In fact, it is thesis-busting, as in, "We aren't getting better, let's stop fooling ourselves." It just feels like, "Come on, we know the truth, we need to have a second stimulus plan."
That will be the battleground for the second half of this year: further budget-busting vs. putting more people to work, because we sure aren't doing a great job of putting them to work.
Continue reading Cramer on BloggingStocks: More stimulus, please!
Posted Jun 24th 2009 10:00AM by Jim Cramer
Filed under: Deals, Market matters, Citigroup Inc. (C), Cramer on BloggingStocks
TheStreet.com's Jim Cramer wants to out the bankers behind the Red Roof deal and other deals like it. What didn't they take private? What didn't they lever up? When I read about Extended Stay's bankruptcy and Red Roof's default Tuesday night I started thinking, did anyone besides me ever stay at places like this? Did anyone ever realize the marginality of these places? Did they simply look at some numbers on some pieces of paper and say, "Yep, that's money in the bank"?
And sure enough,
Citigroup (NYSE:
C) (
Cramer's Take) was the lender to Red Roof, a deal two years old that has already gone sour. Maybe this was one of those have-to-keep-dancing-until-the-music-stops deals by Chuck Prince, the foremost clown of all of the bankers of the era.
Continue reading Cramer on BloggingStocks: Red Roof's shoddy deal
Posted Jun 22nd 2009 10:00AM by Jim Cramer
Filed under: Cisco Systems (CSCO), Motorola (MOT), Market matters, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says tech's a tough sector, even if you pick the winners. Nortel's a reminder that owning tech can be such an incredible losing proposition. For much of the 1990s it was a given that Nortel was going to be the biggest competitor if not the destroyer of
Cisco (NASDAQ:
CSCO) (
Cramer's Take),
Motorola (NYSE:
MOT) (
Cramer's Take) and certainly of Lucent and Alcatel. It seemed to have the inside track on everything that would make the Internet better and faster and more compelling. It was the pin-up for the hottest in communications tech and you had to be long it at all times.
But Nortel became the poster boy for something else in the early 2000s, the sign that I keep on my PC -- "Accounting irregularities equals sell." While Nortel's business, along with all of the network and dot-com-related businesses crashed badly in the wake of Net crash, Nortel was never able to get back in the game because of some accounting irregularities so broad that it brought down all of the executives who ran the company.
Continue reading Cramer on BloggingStocks: Learning the lessons of Nortel
Posted Jun 19th 2009 10:00AM by Jim Cramer
Filed under: Market matters, JPMorgan Chase (JPM), Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says the bank has the least to worry about and can gain from new federal regulation. Sometimes you just have to step back from the small-picture hubbub and make some assumptions about the new landscape if legislation passes.
If you look at the health care legislation you know that it is going to cut out some profitability for companies that have relied on the government for big profits, which means the companies that have the most Medicare exposure. So you go with the health maintenance company with the least Medicare exposure -- WellPoint (NYSE: WLP) (
Cramer's Take). It simply can't get hit as badly as a Humana (NYSE: HUM) (
Cramer's Take) or a UnitedHealth (NYSE: UNH) (
Cramer's Take) because it doesn't have the exposure.
Continue reading Cramer on BloggingStocks: No worries at JPMorgan
Posted Jun 18th 2009 9:50AM by Jim Cramer
Filed under: Market matters, Best Buy (BBY), FedEx Corp (FDX), Politics, Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says we're back in the thrall of Washington, and he for one is tired of it. You just feel like telling President Obama, "Look, stay focused on getting us out of this severe recession in a responsible way without too much budget busting and things will all come together."
Instead, you wake up, and every day's historic ... including a lot of days you don't want to be historic. Or sweeping. Or groundbreaking. Like this one.
The only thing we really want to hear is that the U.S. growth rate is going from negative to positive, or even less negative. Now in our faces is the World Bank news from China that growth there is being raised from 6.5% to 7.2%. From the Chinese I can take all sorts of sweeping and groundbreaking and even, yes, revolutionary.
Continue reading Cramer on BloggingStocks: 'Groundbreaking' days are here again
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