Jim Cramer's Mad Money - July 7, 2005
Cramer started off the show discussing terrorism and its effect on the markets. He believes that We arent mercenaries, were realists and that any fallout from today would be positive because the cause becomes shared. He believes that after September 11, 2001 the notion of terrorism as an exogenous event ended. Today was a chance to buy defensive and tech stocks, sell bank stocks which are vulnerable.
Cramers Rule #7 Nobody ever made a dime panicking
Tech
Cramer reiterated his belief that there will soon be a monster tech rally coming just four weeks from now.
Security
Cramer is bearish on the security plays on the London bombings and wants you to sell every single one of them.
Banks
To end the show Tom Brown, CEO of Bankstocks.com joined Cramer and discussed the banks. Brown believes that it is and is going to be a tough environment for the banks. Brown believes Commerce Bank (CBH) is the best bank in the country. Brown would sell Bank of America (BAC) he believes they are doomed to single digit growth for as far as the eyes can see. Cramer is now bearish on the banks and believes that you should have no more than 7% of your portfolio in banks at this point.
Caller Question - Airline Stocks - Ring The Register -
Caller Question - Travel Stocks - Ring The Register -
Guest - IMX - m y - 4.25 - Implant Sciences Corp. - TRIPLE SELL - Ring The Register - CEO Anthony Armini joins Cramer on the show
Lightning Round - AMTD - m y - 18.25 - Ameritrade Holding Corp. - Ring The Register -
Lightning Round - BEAS - m y - 8.78 - BEA Systems, Inc. - BULL -
Lightning Round - BW - m y - 14.99 - Brush Engineered Material - BULL -
Lightning Round - CCBL - m y - 6.99 - C-COR Incorporated - BEAR -
Lightning Round - CFC - m y - 38.71 - Countrywide Financial Corporation - BULL -
Lightning Round - CHKE - m y - 35.49 - Cherokee Inc. - BULL -
Lightning Round - CNQ - m y - 39.34 - Canadian Natural Resource (USA) - BULL -
Lightning Round - COH - m y - 34.7 - Coach, Inc. - BULL -
Lightning Round - CRXL - m y - 22.3 - Crucell N.V. (ADR) - BEAR -
Lightning Round - DBRN - m y - 23.61 - The Dress Barn, Inc. - BULL -
Lightning Round - DCI - m y - 30.67 - Donaldson Company, Inc. - BULL -
Lightning Round - DGII - m y - 12.18 - Digi International - BEAR -
Lightning Round - DHB - m y - 8.76 - DHB Industries, Inc. - BEAR - TRIPLE SELL -
Lightning Round - ELN - m y - 7.06 - Elan Corporation, plc (ADR) - BEAR - TRIPLE SELL -
Lightning Round - ET - m y - 15.18 - E*TRADE FINANCIAL Corporation - BULL -
Lightning Round - FBR - m y - 14.86 - Friedman, Billings, Ramsey Group, Inc. - BEAR - TRIPLE SELL -
Lightning Round - FFIV - m y - 47 - F5 Networks Inc. - BULL -
Lightning Round - GIS - m y - 45.87 - General Mills, Inc. - BULL - Cramer Owns It -
Lightning Round - GKIS - m y - 22.15 - Gold Kist Inc. - BULL -
Lightning Round - GW - m y - 7.55 - Grey Wolf, Inc. - BULL -
Lightning Round - GYI - m y - 71.75 - Getty Images, Inc. - BULL -
Lightning Round - HAL - m y - 49 - Halliburton Company - Cramer Owns It - Sold some personally today
Lightning Round - INTC - m y - 26.56 - Intel Corporation - BULL - Cramer Owns It -
Lightning Round - ISRG - m y - 49.73 - Intuitive Surgical, Inc. - BULL -
Lightning Round - JPM - m y - 34.46 - JPMorgan Chase & Co. - Cramer Owns It - Cramer's been lightning his position
Lightning Round - KOSP - m y - 69.85 - KOS Pharmaceuticals, Inc. - Ring The Register -
Lightning Round - KSS - m y - 58.37 - Kohl's Corporation - BULL -
Lightning Round - KSWS - m y - 32.92 - K-Swiss Inc. - BULL -
Lightning Round - LCAV - m y - 48.52 - LCA-Vision Inc. - Ring The Register -
Lightning Round - MAS - m y - 31.78 - Masco Corporation - BULL -
Lightning Round - MCO - m y - 45.18 - Moody's Corporation - BULL -
Lightning Round - MLNM - m y - 9.49 - Millennium Pharmaceuticals, Inc. - BULL -
Lightning Round - MRK - m y - 29.98 - Merck & Co., Inc. - TRIPLE SELL -
Lightning Round - MRO - m y - 56.2 - Marathon Oil Corporation - BULL -
Lightning Round - MSO - m y - 29.48 - Martha Stewart Living Omnimedia Inc. - BULL -
Lightning Round - NFX - m y - 42.12 - Newfield Exploration Co. - BULL -
Lightning Round - NLY - m y - 17.24 - Annaly Mortgage Management - BULL -
Lightning Round - NOK - m y - 16.76 - Nokia Corporation (ADR) - Ring The Register -
Lightning Round - ORCH - m y - 10.91 - Orchid Cellmark, Inc. - BEAR - Had to come back to it -
Lightning Round - PFE - m y - 26.75 - Pfizer Inc. - BEAR -
Lightning Round - QSII - m y - 48.04 - Quality Systems, Inc. - BULL -
Lightning Round - SAM - m y - 22.48 - The Boston Beer Company, Inc. - BEAR -
Lightning Round - SIRI - m y - 6.64 - Sirius Satellite Radio - BULL -
Lightning Round - SUP - m y - 23.98 - Superior Industries International Inc. - BULL -
Lightning Round - TIBX - m y - 6.55 - Tibco Software Inc. - BULL -
Lightning Round - TSO - m y - 48.24 - Tesoro Corporation - BULL -
Lightning Round - TWX - m y - 16.25 - Time Warner Inc. - BULL -
Lightning Round - TXN - m y - 29.4 - Texas Instruments Incorporated - BULL -
Lightning Round - UNP - m y - 64.2 - Union Pacific Corp. - BEAR - TRIPLE SELL -
Lightning Round - UTX - m y - 50.74 - United Technologies Corporation - BULL -
Lightning Round - VLO - m y - 85.25 - Valero Energy Corp. - BULL -
Lightning Round - WLDA - m y - 13.1 - World Air Holdings Inc. - BULL -
LR Cramer - AGN - m y - 84.4 - Allergan, Inc. - BULL -
LR Cramer - AMGN - m y - 66.93 - Amgen, Inc. - BULL -
LR Cramer - BOL - m y - 84 - Bausch & Lomb Inc. - Ring The Register -
LR Cramer - DNA - m y - 82.99 - Genentech, Inc. - BEST OF BREED - BULL -
LR Cramer - HAR - m y - 79.92 - Harman International Industries Inc./DE/ - BULL -
LR Cramer - JNJ - m y - 63.92 - Johnson & Johnson - BULL -
LR Cramer - JWN - m y - 35.56 - Nordstrom, Inc. - BULL -
LR Cramer - LU - m y - 2.89 - Lucent Technologies Inc. - Cramer Owns It -
LR Cramer - MHP - m y - 43.13 - The McGraw-Hill Companies, Inc. - BULL -
LR Cramer - MOT - m y - 18.62 - Motorola, Inc. - BULL - Cramer Owns It -
LR Cramer - NKE - m y - 85.3 - NIKE, Inc. - BEST OF BREED -
LR Cramer - PNR - m y - 43.49 - Pentair, Inc. - BULL - Cramer Owns It -
LR Cramer - SGP - m y - 18.48 - Schering-Plough Corp. - BULL -
LR Cramer - STJ - m y - 43.88 - St. Jude Medical, Inc. - BULL -
LR Cramer - TLM - m y - 41.32 - Talisman Energy Inc. (USA) - BULL -
Pick of the Week - MHS - m y - 50.85 - Medco Health Solutions Inc. - BULL -
Thought - CBH - m y - 30.62 - Commerce Bancorp, Inc. - Cramer Owns It - Cramer is going to stop selling it
Thought - CD - m y - 22.16 - Cendant Corporation - Cramer Owns It -
Thought - PNC - m y - 54.37 - PNC Financial Services - Cramer Owns It -
Thought - SHLD - m y - 150.06 - Sears Holdings Corporation - Cramer Owns It -
Top of Show - ECA - m y - 43.22 - EnCana Corporation (USA) - BULL - Cramer Owns It -
Top of Show - FCNTX - m y - 59.41 - Fidelity Contrafund - BULL -
Disclaimer: This blog has no affiliation with Jim Cramer, CNBC, or Mad Money. If you'd like to contact Jim Cramer directly, email him at madmoney@cnbc.com, or call 1-800-743-CNBC. This summary is done for you and I to be able to better track and follow Jim Cramers comments. ACCURACY IS NOT GUARANTEED but is however strived for.
NOTE: I've added today's closing price to each of the stocks listed below. The "m" next to the stock symbol links to the stock on moneycentral.msn.com while the "y" does the same to finance.yahoo.com. Clicking on the symbol itself takes you to a Google search of the website for that symbol.
"Bull", "Bear", "Best of Breed" and other marks can be inferred and don't necessarily need to be stated directly for me to record them as such.
Tonight's Mad Money show analysis won't be up until tomorrow night. I apologize for not being able to get to it tonight. In the mean time, check out this Cramer story I came across today in the Kirk Report's daily links. Read
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Mad Money for tonight was once again a repeat of sorts. I have no idea when the original Mad Money episodes will resume but tune back once they do because I'll have them covered. While you are here check out My First Million, a new ... Read
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what does ring the register mean?
Jim-
Ring the register is the term Cramer uses to suggest locking in some gains and selling a bit of the stock. It is his way of not becoming overly greedy on stocks that have moved up quickly.
BA
I think he is a bull on Garmin LTD GRMN but was interrupted by the buzzer before he could get the words out. He said "I actually like the global positioning business" buzz, buzz, buzz. He mentioned NovAtel NGPS also but I couldn't tell if it was good or bad.
Does anybody use his paid ActionAlert service? Seems like $400/year to know what he is buying and selling is a bit steep. But considering this is the same guy that made 24%/year (after fees) while he ran his hedge fund, maybe its worth it? Just curious to know who used it and what they felt about it.
