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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