Cramer Visited “FAST MONEY”; Look Out!
Stock Tickers: ICE, AH, HON, RAD, JNJ, CSCO, AAPL, SHLD, AA, PETM, SKS, GOOG Tonight was a different show on CNBC’s FAST MONEY hosted by Dylan Radigan with the round table, because Jim Cramer came on with the Fast Money…
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Stock Tickers: ICE, AH, HON, RAD, JNJ, CSCO, AAPL, SHLD, AA, PETM, SKS, GOOG
Tonight was a different show on CNBC’s FAST MONEY hosted by Dylan Radigan with the round table, because Jim Cramer came on with the Fast Money Five. There is a brief 2 paragraph synopsis about what the regular crew said on their own, and Cramer’s comments were later plus a recap of his Mad Money stocks.
Intercontinental Exchange (ICE) was listed by "the boys" on FAST MONEY as the hidden oil trade; Armor Holdings (AH) was listed as the Iraq trade; and Honeywell (HON) was listed as a takeover candidate.
On the Cisco/Apple case: Jeff Mackey said what I said that the Cisco case against Apple doesn’t matter and it’s irrelevant. Eric Bolling said the market isn’t paying much attention to it. I agree with the pro side of the case for Apple, but my partner Doug agrees with the the other side; that’s a market. Guy Adami said to take money off the table with the volume so high.
On Fast Money Cramer discussed why he is not a commodity fan, and he said Alcoa (AA) was a sideshow winner right now; but he can’t be a long-term bear on commodities. Cramer likes financials as the best sector for the year. Cramer did come out positive on Sears Holdings (SHLD) as I suspected he would, but Mackey came out against it and said Lampert isn’t a good retailer. Adami and Cramer both were out positive again as a turnaround with a great CEO. Cramer also came out in favor of J&J (JNJ)
On Mad Money Cramer was positive on Petsmart (PETM) and you can click here for the full comments on the turnaround.
His pick for humans was Saks (SKS) as a turnaround, and he thinks it gets bought out. Here are the comments.
Boy, I tell you what…..watching 5 Pundits who ALL have personality and ego go at it all at once is a Catch-22. It has value because you can see both sides, but it is troubling to follow and I hope they never do one of these while the stock market is open in normal trading or even when after-hours is still fairly liquid.
Cramer earlier on CNBC noted that he wants to Buy Google (GOOG) at any price under $500, because it’s going into the $600’s.
Good night.
Jon C. Ogg
January 10, 2007
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.