jimcramer posts
FeedPosted Dec 10th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Ford Motor (F), Citigroup Inc. (C), Wells Fargo (WFC), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says this one'll make you a bundle by 2012. Buy Citigroup (
C) (
Cramer's Take). No, not in the open market, but on the deal or deals, depending upon how heavy-handed the government's going to be.
I initially recommended this stock in the low $3s and saw it go to $5, where I begged the government nightly on my show to sell its 7 billion shares. But no, the government played the market and gave up a very big gain. But now here we are back again at $3 and change, and the government is going to price its stock, and the company might do an additional 6 billion shares or more to pay back TARP.
So you are looking at about 14 billion shares hitting the market.
Continue reading Cramer on BloggingStocks: Buy Citi on the deal
Posted Dec 9th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Walt Disney (DIS), CBS Corp 'B' (CBS), Procter and Gamble (PG), Stocks to Buy, Cramer on BloggingStocks,
TheStreet.com's Jim Cramer says this isn't a cyclical story -- the company's many drivers can pick up any slack in one division. Disney's (
DIS) (
Cramer's Take) an odd animal. Until these last few months, it always seemed to be measured by what its worst division at the time was doing. If ESPN was going great but theme park attendance was going down, people would sell it. If theme parks were holding up but broadcast advertising had weakened, investors would jump ship. If the owned and operated stations did well and the company delivered a bunch of hit shows, but the movie lineup bombed, people would dump the stock down to 12 or 13 multiple status, instead of the premium multiple is used to trade to.
Continue reading Cramer on BloggingStocks: People have finally seen the light on Disney
Posted Dec 8th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Target Corp. (TGT), Kohl's Corp (KSS), Nordstrom, Inc (JWN), Jones Apparel Group (JNY), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says Macy's turnaround is evident in its stores and it will soon be evident in its numbers. Why in heck is Macy's (
M) (
Cramer's Take) only a $6 billion company? Here's a department store chain that's getting growth back, that's aspirational as all get out, that has a management that understands that it needs to be regional in product but not in duplicative management, and it gets no respect whatsoever.
Yet we love the strip mall guys like Kohl's (
KSS) (
Cramer's Take) and Target (
TGT) (
Cramer's Take) because they are still throwing stores up all over the place and have perceived growth characteristics. We are willing to pay twice Nordstrom's (
JWN) (
Cramer's Take) growth rate for a company that's not that much better than Macy's, if at all. Twenty-three times Nordstrom's 12% growth vs. 15 times Macy's 10% growth makes no sense to me when I expect Macy's' growth to accelerate because of the My Macy's localizing initiative.
Continue reading Cramer on BloggingStocks: Macy's has undone mistakes of the past
Posted Dec 7th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: General Electric (GE), Coca-Cola (KO), Market Matters, Chesapeake Energy (CHK), NIKE, Inc'B' (NKE), Anadarko Petroleum (APC), Politics, Cramer on BloggingStocks, Southern Company (SO)
TheStreet.com's Jim Cramer says the biggest companies can lobby their way to huge profits. Anyone serious about climate change knows that coal is the worst enemy of the environment. We can have all of the electric cars we want, if they are hooked into a coal-based utility system then the gains are irrelevant. We can also be sure that while all sorts of companies, like the General Electrics (
GE) (
Cramer's Take) and Cokes (
KO) (
Cramer's Take) and Nikes (
NKE) (
Cramer's Take) and Nestles, support climate control, they are not equal to one Southern Company (
SO) (
Cramer's Take), which is an important coal-burning company and a huge lobbyist for the coal industry.
Our nation has a two-pronged climate philosophy: pushes on conservation and on renewables. Neither is enough to get us through the next 10 years; we can't produce enough renewable energy at a cheap price and we can't caulk our way out of the jam.
Continue reading Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade
Posted Dec 4th 2009 9:45AM by Jim Cramer (RSS feed)
Filed under: Market Matters, 3M Corporation (MMM), Caterpillar (CAT), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), United Technologies (UTX), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says it's good they could raise $19 billion so fast, but there are lots of reasons to be tentative here.
You have to have mixed emotions about this Bank of America (
BAC) (
Cramer's Take) deal. It's terrific that in 24 hours, a company that has no CEO and no history of making money during this tough period can raise $19 billion. But it is not terrific that $19 billion in buying power disappeared like that in a market where $19 billion actually matters, and is a precursor to maybe triple that figure that has to be raised within a short period of time.
Remember when we first did the TARP raises, the initial guys did pretty well but as we went down the path it got tougher and the stocks got hammered more, and you wanted to be short all of the financials even though the early ones popped.
Continue reading Cramer on BloggingStocks: Mixed feelings on the BofA capital raise
Posted Dec 2nd 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Politics, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says last night he talked Afghanistan. Next week climate change. What happened to health care reform? When was the last time President Obama ever talked about health care? Last night it was Afghanistan. He just came back from a state trip to Asia. Next it is climate in Denmark.
Meanwhile, the clock is ticking. There just aren't enough days left this year to get health care done and Senator Harry Reid's clock management might be as bad as Philadelphia Eagles coach Andy Reid's clock management -- maybe worse.
Continue reading Cramer on BloggingStocks: Obama moves away from health care reform
Posted Dec 1st 2009 9:00AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Market Matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says Dubai was blown out of proportion -- the system is now stronger and can handle it. So I'm at the Apple store last night, the one I couldn't get into over the weekend because it was too crowded, and a guy stops and asks me, "Hey, how come you didn't talk about Dubai tonight?"
I shoot back, "'Cause I can't make any money off it." Yeah, he says, "but aren't we going to lose a lot of money off of it?"
To which I ask, "Tell me how Dubai's going to affect tomorrow's trading if it was yesterday's story? The show's worried about tomorrow, not today."
Continue reading Cramer on BloggingStocks: Dubai story lacks legs
Posted Nov 30th 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Citigroup Inc. (C), Goldman Sachs Group (GS), Morgan Stanley (MS), Lloyds TSB Group plc ADS (LYG), Barclays plc ADS (BCS), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says the futures suggest U.S. banks will trade in lock step with Europe, but he believes that linkage will be broken. So, we're more Europe than Asia? We have more characteristics of the ailing lenders to Dubai World than to the trade kings of the Pacific?
That's what I think about when I look how our futures declined in lock step with Europe after rising in lock step with Asia last night.
Continue reading Cramer on BloggingStocks: U.S. banks unlike European counterparts
Posted Nov 25th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Wal-Mart (WMT), Market Matters, Sears Holdings (SHLD), Kohl's Corp (KSS), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says you can't ignore the positive outlook of Phillips-Van Heusen's CEO. Can you be as bearish about retail if the company that has almost half the dress shirt business in the country, the one that has more than half the neckwear in this country, the one that has more than 600 stores and is in Kohl's (
KSS) (
Cramer's Take), Wal-Mart (
WMT) (
Cramer's Take), Sears (
SHLD) (
Cramer's Take) and just about everyone else, tells you that things are booming?
Continue reading Cramer on BloggingStocks: This bullish retail story looks like a good fit
Posted Nov 24th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Wal-Mart (WMT), Amazon.com (AMZN), Market Matters, Citigroup Inc. (C), Regions Financial (RF), Bank of America (BAC), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says the sooner banks repay TARP, the more likely they will power higher in 2010. The Federal Reserve wants higher stock prices. That's all I can think of when I see that it wants repayment plans into place for the big banks such as Bank of America (
BAC) (
Cramer's Take), PNC (
PNC) (
Cramer's Take), Citigroup (
C) (
Cramer's Take), Fifth Third (
FITB) (
Cramer's Take), Wells Fargo (
WFC) (
Cramer's Take), Regions Financial (
RF) (
Cramer's Take), SunTrust (
STI) (
Cramer's Take) and KeyCorp (
KEY) (
Cramer's Take), all names that haven't repaid the Troubled Asset Relief Program yet.
Why would these plans bring about higher prices?
Continue reading Cramer on BloggingStocks: The Fed's push for TARP payback
Posted Nov 23rd 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Analyst Reports, Pfizer (PFE), Market Matters, Bristol-Myers Squibb (BMY), Merck and Co (MRK), Lilly (Eli) (LLY), Deere and Co (DE), Stocks to Buy, Potash Corp. of Saskatchewan (POT)
TheStreet.com's Jim Cramer says it looks like the patent worries aren't so dire after all. Now that we see that health care reform is not going to bring price caps or socialization of medicine, we are beginning to see some real expansion in the drug stocks, including Merck (
MRK) (
Cramer's Take), Bristol-Myers (
BMY) (
Cramer's Take) and Lilly (
LLY) (
Cramer's Take). But there is one drug stock that is continually met with skepticism -- Sanofi Aventis (
SNY) (
Cramer's Take), the French vaccine and pharmaceutical maker run by Christian Viehbacher. The resistance is obvious, as his biggest two drugs are coming off patent very soon, and his hope is that by 2013 the company might again reach 2008 levels.
Sounds like there's no reason to buy this one. Sounds like its 4% dividend isn't safe.
Continue reading Cramer on BloggingStocks: Sanofi has lots of upside catalysts
Posted Nov 20th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), Market Matters, Limited Brands (LTD), Cramer on BloggingStocks, Technology
TheStreet.com's Jim Cramer says traders who focus on the negative will pounce on this poor report. Thanks for nothing, Dell (
DELL) (
Cramer's Take)! Given that this market seems to care less about the good like NetApp (
NTAP) (
Cramer's Take), Ross Stores (
ROST) (
Cramer's Take) or Limited (
LTD) (
Cramer's Take) and is focused on the bad, like the semi-downgrade from Bank of America Merrill Lynch, I am sure that Dell will be viewed as part and parcel with the downgrade.
I can't stand Dell. I actually slam it in Getting Back to Even, taking a chance that it would get its act together and make me look bad on the very quarter the book is released. Looks like that was a lot of worry for nothing.
Continue reading Cramer on BloggingStocks: Dell feeds the bears
Posted Nov 19th 2009 8:15AM by Jim Cramer (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), Intel (INTC), Market Matters, Texas Instruments (TXN), Limited Brands (LTD), Honeywell Intl (HON), United Technologies (UTX), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the world's economies are getting too strong to obey these downgrades of Intel and TI. When Wall Street starts looking at tech companies as they would industrials -- as they should be scrutinized -- then we will not get downgrades like Bank of America/Merrill's takedowns of Intel (
INTC) (
Cramer's Take) and Texas Instruments (
TXN) (
Cramer's Take).
The essence of these two downgrades is the looming inventory correction that everyone has feared from $14 a share onward for Intel and $18 for Texas Instruments at the start of the summer. At every step I have heard of this coming breakdown, the double ordering and the decline in demand as one analyst after another has warned us of the apocalypse around the corner.
Continue reading Cramer on BloggingStocks: Dismiss the latest tech downgrades
Posted Nov 18th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Deere and Co (DE), Stocks to Buy, Cramer on BloggingStocks, Potash Corp. of Saskatchewan (POT)
TheStreet.com's Jim Cramer says it's not too late to get on board these rocket ships. During the great narrow bull market that was 2006-2007, anyone who hitched a ride on any bulk or oil carrier, any DryShips (
DRYS) (
Cramer's Take) or Diana (
DSX) (
Cramer's Take), or any Frontline (
FRO) (
Cramer's Take) or Nordic American Tanker (
NAT) (
Cramer's Take), or anyone who bought anything ag-related -- Deere (
DE) (
Cramer's Take), Monsanto (
MON) (
Cramer's Take), Potash (
POT) (
Cramer's Take) -- looked like a genius.
Beginning midyear last year, you looked like a moron.
Continue reading Cramer on BloggingStocks: Ag and shippers are the newest bull markets
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