On Thursday night’s MAD MONEY on CNBC, Jim Cramer featured WCI Communities (WCI) and Genentech Inc. (DNA). Hesaid that Icahn and SAC (Steve Cohen’s hedge fund) had been buying WCI Communities.He thinks that while they are up, you should let it settle down beforegoing in. Here is his logic behind it.
OnGenentech, Cramer said that the reason the stock has dropped is becausethe risks to the model caused a multiple contraction; but now he thinksthat will change. Here is why he has a bear case of $104.00 and a bullish case of $140.00. DNA closed at $87.53 today.
Cramer apologized for believing in Coldwater Creek(CWTR). It fell 20% after-hours because it lowered guidance. Hehas been positive on it since November, and here’s what he said then.
Cramer also had another "Sell Block," where hereviewed hiswins and losses.
On Coldwater Creek (CWTR), he slapped itand said he needs to eat crow. It was down 20% in after-hours because ofan earnings warning. Here is what he originally said.
OnGuess Inc (GES), he thinks the stock deserved a triple-buy before,but it’s time to take profits. At $53.95 on October 9, 2006 is where hefirst started calling it. If you own it, ring the register.
OnXM Satellite Radio Holdings (NASDAQ:XMSR), the analyst upped it at $30and cut it at $11; Cramer thought it was a buy before, but it’s time toring the register; the FCCflip-flop means it’s time to ring the register, according to him. I noted this todaybecause no one was commenting that the FCC could change its rule if it wanted to.
OnInterpublic Group (IPG), he said they barely skipped a beat onlosing Wal-Mart Stores (NYSE:WMT) but it’s time to sell it and take the30% gain even if it can go up from here.
On Deere (DE), hesaid it was a buy in September, but he thinks it’s time to sell. It’sbeen looking secular and deserves the multiple, but they have to beatbig-time to go over $108.00.
Stay tuned going into the weekend because it’s earning season bonanza next week.
Jon C. Ogg
January 19, 2007
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