Mad Money Play-by-Play RECAP: Next Week’s Game Plan & Cramer-Bull for President (9/28/12)
Tonight on Jim Cramer’s Mad Money, Coach Cramer asks “what happened to September being the worst month of the year?” when, in fact, September turned out to be terrific for the averages. So what’s the game plan for next week? Well, Coach Cramer won’t be watching China for once on Sunday; he’ll be watching the Eagles-Giants game.
On Monday, keep an eye on the ISM index and the German Purchasing index. On Tuesday, watch out for The Mosaic Co (MOS) and PVH’s Analyst Day. On Wednesday, watch out for Family Dollar (FDO), Monsanto (MON), and Marriot (MAR). On Thursday, we’ll hear from the European Central Bank so keep an ear out for that. Finally on Friday, Non-Farm Payroll numbers come out. The bottom line: Monday brings in a new month and a new quarter; if the big picture reports turn out badly the market could be in for another beating.
ON THE PHONE
- Select Comfort (SCSS): Go long, or go short? Coach Cramer says to stay away from this battlefield.
- Nike (NKE): Down 12% from the year, Jim Cramer realizes that NKE is charging way too much for it’s sneakers. He shares that his charitable trust is scaling back on it.
- Juniper Networks (JNPR): It’s getting beat up by Cisco.
On Excelis Inc. (XLS), a stock that wen through a break up of it’s water and military technology business to focus on industrial products, Jim Cramer says that recent criticisms against the stock are unwarranted and might actually be a good buy right now. XLS’s CEO, David Melcher, sits down with Cramer and says they have capabilities that are not platform dependent. About 70% of XLS’s revenue is from the DoD, and Melcher says their products are in-line with the DoD’s priorities going forward. One of their top priorities is also keeping their technology and their secrets away from problem areas like in China. Cramer’s final words: It’s an inexpensive stock even if we hit the “retaining wall.”
SANDS OF TIME?
Jim Cramer LOVES gold. Tonight, he has a new speculative way to play the gold rally. If you can’t afford the gold bullion, Cramer says to play the GLD instead. Sandstorm Gold (SAND), a sort of “banker for miners”, is on Cramer’s radar tonight. SAND makes an initial upfront payment to a mining partner in return for a percentage of the future gold produced. This is Jim’s lower risk play with a lot of upside, and that’s why he likes it so much right now. If you’re like Cramer and think gold is going to 2,000/ounce, then SAND is a good play. He says to buy in half right now, wait for a pullback and then go all in.
ON THE PHONE
- Procera Networks (PKT): Jim Cramer says he will not opine on PKT – this week. Next week, he’ll compare PKT against another stock.
- Achillion Pharma. (ACHN): This one is a winner, Jim says.
- TriQuint Semiconductor (TQNT): Jim prefers another semi-conductor stock. Not this one.
- Pitney Bowes (PBI): SELL. Do NOT buy.
- Leap Wireless (LEAP): SELL. Do NOT buy. Jim prefers Sprint.
- PDL BioPharma (PDLI): BUY.
- Halcon Resources (HK): BUY.
- Genworth Financial (GNW): Do NOT buy.
- Clean Energy Fuels (CLNE): Just okay. Do NOT buy.
- Cabela (CAB): BUY.
- Novagold Resources (NG): “Too risky.” Do NOT buy.
- Philip Morris Intl (PM): BUY.
- Ford (F): Do NOT buy. “The international business is way too tough.”
YOU ASK, HE ANSWERS
On Corrections Corp. of America (CXW), Jim Cramer says he would not own the stock right now and if you own it, you should “scale out of it.” On Splunk (SPLK), Cramer thinks it’s a pretty cool idea but is an added cost to businesses and the stock is like “lava” (not in a good way). Take the money and run, Cramer says. Next up, Jim Cramer shares positive tweets from his fans who commended him for his last show where Cramer apologized and tried to make amends for his past mistakes. On Home Depot (HD), Coach Cramer says it’s still not too late to get in on it. On Lam Research Corp. (LRCX), Cramer says it’s dirt cheap and “darn smart” to be a buyer.
NO HUDDLE OFFENSE
Jim Cramer gets in on the iPhone 5 Maps fiasco where Apple’s (AAPL) CEO, Tim Cook, had actually apologized for it. Cramer even says himself that he’s not going to upgrade to the new iPhone if the maps app is a downgrade. As for Research In Motion’s (RIMM) new Blackberry 10 wonders about the eventual release date (if it ever does come out) of it’s new hardware/software. However, Jim is convinced that RIMM’s M&A potential is high.
That’s our recap of Jim Cramer’s Mad Money today on 9/28/12. You can view Coach Cramer’s past advice and stock picks on Nerdles’ Mad Money archives HERE.
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