Posts for Ticker ‘Jim Cramer’

Cramer Goes To War (LMT, ATK, RTN)

On tonight’s MAD MONEY on CNBC, Jim Cramer said that he thinks defense and aerospace is becoming the seventh bull market.  He thinks that the recent huge contract to Saudi Arabia for military orders will be a big win.  Saudi Arabia gets $20 Billion in defense and over $30 Billion is being granted to Israel in US defense grants.  Cramer also thinks Democrats would spend a lot on defense to look strong and we spend more than anyone else by far for defense.  Cramer gave Lockheed Martin (NYSE:LMT) last week.  He’s got two more great US defense contractor plays for the sector:

The first play is Alliant Tech (NYSE:ATK) as the largest bullet manufacturer and is in big into projectiles of all sorts.  He thinks it is cheap at 1.3-times growth and he thinks numbers could come up with an upside surprise because of its share buyback plan.  This reports Thursday, so Cramer noted to only put on a half position so you don’t have the earnings exposure as bad.  Alliant was my number one defense stock for the BAIT SHOP in takeover candidates (see post here), although I haven’t updated that position in a while.

Cramer’s favorite defense play is Raytheon (NYSE:RTN) because it is the most leveraged name to defense spending, and because it is the cheapest according to his growth rate over P/E analysis.  He isn’t looking for a buyout or anything, but it won two big contracts in June that will help with visibility.  It also raised fiscal guidance and has a great balance sheet with debt retirement and share buybacks.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 31, 2007 – 5:52 pm in Cramer, Defense, , , , , , ,

Cramer Calls Under Armour & Crocs (UA, CROX, NKE)

On today’s TheStreet.com video, Jim Cramer again pushed Under Armour (NYSE:UA).  The stock is up big after earnings from this morning.  He noted how he was critical at its last earnings report, but this quarter they overdelivered big on an under-promise.  It is one to own for back to school and for Christmas and isn’t one you can really worry about the actual stock price.  Cramer even noted, "Under Armour is the next Nike (NYSE:NKE)!". He thinke their clothing is now a required outfit for sport teams.  Under Armour shares are putting in new all-time highs up over 15% on the day.  For unbridled growth Cramer said you can go listen to the Crocs (NASDAQ:CROX) call.  It too is putting in another 52-week high today with its shares up over the $60.00 handle.  That’s up 300% over the last year.  When you look at the last earnings report, it’s just too hard to not give the company credit.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 31, 2007 – 12:46 pm in Apparel, Cramer, Earnings, , , , , , , ,

Cramer Waiting For Exxon, Looking For a Positive Close? (XOM, CVX)

The first thing that Cramer noted was Doug Kass, a perma-bear said he thinks we’ll close up on the markets today.  That’s his call according to Cramer.  Exxon Mobil (NYSE:XOM) is one he’d buy at $83.00 or $84.00, but the oil names are in the belly.  Chevron (NYSE:CVX) did well and it got hit.

We’ll have to see if Jimbo’s level on Exxon Mobil is a good one or not.  Shares are still only down about $6.50 from new all-time highs, so even that huge sell-off is hard to just jump all over thinking you are getting a total steal on it.  Ultimately, oil stocks should follow their underlying commodity prices.  But we all know you can be right and still lose your shirt.

Jon C. Ogg
July 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 27, 2007 – 2:00 pm in Cramer,

Cramer at Indiana University

On tonight’s MAD MONEY on CNBC, Jim Cramer was at Indiana University in another one of his "Back to School" tours.  Cramer noted that the bears may be in hibernation because of a Fear in selling stocks because any of the bottom 350 S&P 500 Index stocks are vulnerable to being acquired.  They are also scared to miss rate cuts and they don’t have the Iranian hostage scare.  That is why we were up the last two days.  Mark Cuban came on the show tonight (dressed like a college kid, too).  The first thing Cramer asked is if Cuban would buy the Chicago Cubs.  He didn’t say he wouldn’t and he didn’t say he would, but he said he was sure interested in seeing what they would be sold as.

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Posted on: April 4, 2007 – 5:28 pm in Cramer, , , , , ,