If you listen to Bill Zollars, CEO of Yellow Roadway, you think the economy is en fuego, Bill’s wrong. Zollars is being way too bullish. The economic “soft patch” is not over! Stocks don’t trade on NOW data, they trade on FUTURE data. I see commodities collapsing across the board: copper, steel, plastics are falling.

The kind of stuff that need the economy to be strong = DIVE DIVE.
Q: Do you think lower energy costs is going to make bargain retailers look more attractive?

A: The bargain retailers will become more attractive when the Fed puts us into a recession, not before that. Anheuser Busch is to Wal-Mart as Grey Goose is to Target. Buy higher quality retailers, IF YOU MUST, and buy one share of Sears (SHLD)

Disclaimer: I AM NOT JIM CRAMER. I sometimes write the summary in first person because my brain doesn't quite move fast enough to process and type at the same time, so please excuse that. This blog has no affiliation with Jim Cramer, CNBC, or Mad Money. This is done for me and you to be able to better follow and track Cramer’s comments, the show goes by quickly so I try and catch as many key words as possible for each pick. ACCURACY IS NOT GUARANTEED but is however strived for.

After hours action:
I’ve always like Nvidia graphics chips, could get some upgrades tomorrow – maybe hold on. DELL – I think that could bash… ring the register on DELL, hold on to Nvidia.

Cheap stocks aren’t good stocks. Three months ago the cheapest stocks were the steel stocks. I told you that you had to sell the US Steel (X). Copper is a pig, aluminum is a pig, chemicals are getting pretty piggish. US Steel has had to lower estimates twice in the last two weeks. It is still not too late to sell the steel, copper, aluminum stocks. Of all the steel stocks, the only one that has any fascination for me is one in South Korea and I’m not going to recommend some international nonsense on this show.

Q: How do you value growth stocks like RIMM and GOOG?

A: I like to mix common sense with price discipline. Common sense is in very short supply on Wall Street. GOOG is a stock that I think could earn $7 next year. The average stock sells at 20x earnings. This company is growing at 4x the average stock. But you know what – that would mean you should multiple 4x20=80 times the $7 = $560. BUT, what we like to do is say that its got to have some multiple to that. YHOO sells at 80x earnings, Ebay sells at 60x earnings blend that then give it a giant haircut, use 40. 40x7=$280. Do I think it could trade at $280? I do, but while it is going up take a little off the table and ring the register ever so slightly. The way to understand and own high multiple stocks take a little off the table every so 10 points on GOOG or 3 points on RIMM then if it gets hammered back you can buy it right back.

Cramer talks with Herb Greenberg in “Beating the Racket”:

Greenberg talks about Hansen Soda (HANS) – Hansen has done a great job as earnings have gone through the roof. Analysts started coming onto the stock earlier in the year then one of them thought that HANS could be a sitting duck to be acquired by Coke (KO) or Pepsi (PEP) then the stock went even higher, that’s a problem Jim. HANS big business is energy drinks. Coke just rolled out something called Full Throttle, Coke has tried this business before, it had another drink that failed but now it’s coming out and putting money behind its own product. HANS last quarter said they’re going to have spend more on marketing. Therein lies the issue because their margins have been going through the roof – guess what, right now they said we’re going to have to be a little more cautious on their margins as their going to start to flatten out here, now it’s a good margin, 50% that’s not bad.

Cramer: Ring the register on HANS – I think Greenberg’s got a point.

Greenberg on NLS – Nautilus – 81% of sales came from private Nautilus card. This is not okay because they are scraping the bottom of the barrel to get customers and that is a problem.

DELL is clearly an up stock right now; remember I’m saying to ring the register. Sell HPQ on it being bid up. Maybe Lexmark goes up too, sell that one too BEAR. What’s good for Dell is good for Dell.

Cramer talks with Brian McAndrews CEO of aQuantive (AQNT):
Those who are looking for a low dollar way to play the Google’s – this stock, 52 week high, on a pullback, I like AQNT. I worry about the competition but this man is delivering real numbers and he’s a real guy and this company’s not going away. It is a conglomeration of a bunch of other companies that have made it – I like the stock on a pullback.

The stocks:

YELL - Yellow Roadway Corp. - Bear. What matters is that the Fed is tightening and the economy is slowing. Go to defense.
MO - Altria Group, Inc. - BULL
WMT - Wal-Mart Stores, Inc. - Eddie Lampert told me that Wal-Mart is vulnerable. After the string of disappointing earnings we know that it is vulnerable. Is it going to get worse before it gets better? YES. Dicks, Best Buy, Amazon, Whole Foods, Lowe's, Coach, Costco, BJ's Wholesale, Target, Urban Outfitters, Gamestop, Sears Holdings are reasons that Wal-Mart could struggle. Nobody, including, Wal-Mart sees SHLD coming. The above listed companies I'd be buying on weakness. Historically, I have said exnay to buying the retailers when the Fed is tightening. The only one that I'm willing to put money is SHLD, buy one share, let it come down 20 then buy another. Right here, right now Wal-Mart - I'm issuing a triple sell - SELL SELL SELL
DKS - Dick's Sporting Goods, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
BBY - Best Buy Co., Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
AMZN - Amazon.com, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
WFMI - Whole Foods Market, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
LOW - Lowe's Companies, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
COH - Coach, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
COST - Costco Wholesale Corp. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
BJS - BJ Services Company - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
TGT - Target Corporation - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
URBN - Urban Outfitters, Inc. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
GME - GameStop Corp. - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
SHLD - Sears Holdings Corporation - One of the retail companies I'd be buying on weakness if the Fed weren't tightening. Only one I'm willing to put money on now is SHLD.
NVDA - NVIDIA Corporation - Maybe hold on, they make the chips for the Playstation 3, that comes out later in the year so you've got a catalyst ahead. That's the difference between NVDA and DELL. Think there could be three more so you'd be selling too soon.
DELL - Dell Inc. - Ring the register
X - United States Steel Corp. - Pigs - BEAR

Lightning Round:

ADSK - Autodesk, Inc. - Oh man… I like the CEO so much, I hate to have to say this but ring the register
COP - ConocoPhillips - Down $5 today, buy a little here and buy a little at 95. BULL
NU - Northeast Utilities System - Not as bad as it used to be I like the utility stocks very much
CKCM - Click Commerce, Inc. - Don't like it as much as I did earlier in the week when I blessed it, now lets ring the register its up too much.
TOPT - TOP Tankers Inc. - I have liked the tanker stocks so listen up when I say this. At this particular time because of some mergers and some build out I no longer want to be jumping up and down about the tanker stocks.
GSF - GlobalSantaFe Corporation - Like the stock - BULL - going through the secondary, which is usually a very bad sign. If you own the stock I think you might have to recognize that the next stop could be 30 but I like the drillers.
HPC - Hercules Incorporated - I happen to like it but its had a big run and I've turned bearish on the chemical stocks in the last two weeks they're too cyclical for me - ring the register
TASR - TASER International, Inc. - No no no. USA Today had a very negative story on it today and the stock didn't blink it in fact moved up - ring the register and move on.
AEE - Ameren Corporation - Connected with the equipment that makes natural gas transmissions that's a growth business and I like it
DTV - The DIRECTV Group, Inc. - No no no no no no no. I don't like that stock or that business. TRIPLE SELL. Sell sell sell.
WBS - Webster Financial Corporation - Used to own 5% of them in the bad old days, those guys are pretty good bankers. BULL
FRO - Frontline Ltd. (USA) - Like the tanker stocks but not as much, understand this is a momentum game and you've got some bad shareholders with ya.
MYL - Mylan Laboratories Inc. - No no. We don't like ANY generics. JNJ, SGP, PFE instead.
IBM - International Business Machines Corp. - SELL SELL SELL. TRIPLE SELL.
SONC - Sonic Corporation - Sonic the burger stock - BULL oh yeah, sonic the tech stock is not for me
SNIC - Sonic Solutions - Sonic the tech stock is not for me.
SBL - Symbol Technologies Inc - Ouch ouch - man out window! - willing to say let it go back to 13 before we exit.
NVS - Novartis AG (ADR) - BULL - we like the drug stocks here because the Fed is in the business of wrecking the economy and that’s when we own the drug stocks
CAH - Cardinal Health, Inc. - I don't like these drug wholesalers, I keep seeing them laying bombs.
WEC - Wisconsin Energy Corporation - BULL - That's for me my friend. That's a tempur-pedic. That stock is Sealy.
CLF - Cleveland-Cliffs Inc. - SELL SELL SELL SELL SELL SELL SELL SELL SELL. When the iron business goes down its look out below.
ZBRA - Zebra Technologies Corp. - Enough problems with SBL why do I need a ZBRA, that barcode business is tough as nails right now
HLTH - WebMD Corporation - Too speculative, $9 come on take the money and run
STSI - Star Scientific, Inc. - BEAR - They make non harmful tobacco - give me the tobacco that harms, I like Altria.
BPOP - Popular, Inc. - Don't like this and I don't like Doral, Doral is a triple sell, Banco Popular is just a sell -SELL
DRL - Doral Financial Corp. - sell sell sell
LAB - LaBranche & Co., Inc. - Two things - LAB the person is for me, LAB the stock is a SELL SELL SELL
MDR - McDermott International - Why be in them when you can be in HAL - BEAR
SYK - Stryker Corporation - Is not as good as BMET which is not as good as ZMH
VGR - Vector Group Ltd. - no - how many people want me to own bad tobacco - BEAR
BNI - Burlington Northern Santa Fe Corporation - BEAR - Cannot own the rails here sell em all right here
CSX - CSX Corporation - BEAR - Cannot own the rails here sell em all right here
NSC - Norfolk Southern Corp. - BEAR - Cannot own the rails here sell em all right here
BUD - Anheuser-Busch Companies, Inc. - Business cycle tells me you have to buy the beer stocks but the stocks themselves are doing quite badly, bottom line - Buffet throws it into the BULL category - BULL
PRU - Prudential Financial, Inc - This company is so undervalued - BULL - like it 2nd only to MET
ELN - Elan Corporation, plc (ADR) - Here's where we're gonna play this - ring the register because I don't think the news at ASCO is gonna be all that good over the weekend.
VRSN - VeriSign, Inc. - Not a bad quarter but I'd still RING THE REGISTER
TM - Toyota Motor Corporation (ADR) - Unbelievable penthouse in one of the worst neighborhoods, the projects. I can't own Toyota here.
AUO - AU Optronics Corp. (ADR) - LCD Displays - may I suggest NVDA to you
EXC - Exelon Corporation - BULL - one of the best utilities in the world, I pay them twice at two different houses
VLO - Valero Energy Corp. - House of pain - prefer TSO to VLO here. VO is buying PCO, next level to buy it will be 60.
NEW - New Century Financial Corporation (REIT) - Cannot stand sub prime loan business - SELL SELL SELL SELL SELL SELL SELL SELL SELL - BEAR

HANS - Hansen Natural Corp. - See comments in "Beating the Racket" from Herb Greenberg. Cramer says to ring the register on HANS, think Greenberg's got a point.
NLS - Nautilus, Inc. - Herb Greenberg thinks that they are scraping the bottom of the barrel to get customers and that is a problem.
MSFT - Microsoft Corporation - Not the play, can't be crazy about MSFT here
HPQ - Hewlett-Packard Company - Sell it right now
LXK - Lexmark International, Inc. - Sell it right now
AQNT - aQuantive Inc. - like the stock on a pullback
BSC - The Bear Stearns Companies Inc. - Said to buy it today, sticking by that prediction
MSFT - Microsoft Corporation - Stock could see 25.50 just because of this XBOX rollout tonight on MTV
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