Cramer ushered in the 60th anniversary of the State of Israel by recommending geothermal power company Ormat Technologies (OTA). Ormat is actually based in Nevada, but 60% of the company is owned by Ormat Industries in Israel and half of the company’s employees are there. Cramer sees lots of growth for Ormat with only 9,500 of a possible 148,000 megawatts of geothermal power currently installed globally. O…
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“There is a stock out there that can give you both a morbidly obese, double-digit dividend yield and up to 25% upside potential,” Jim Cramer told fans of his “Mad Money” TV show Thursday. That stock is Nordic American Tanker (NAT), Cramer’s new favorite oil tanking company. Cramer explained that the overall amount of tankers on the high seas is barely staying flat, despite high demand from OPEC, and NAT is benefiting. The company said its day rates rose to $46,600 a day from $27,000 in the last quarter, and Cramer said it will go up even more. Cramer said investors shouldn’t worry that the company reported weaker-than-expected earnings, because Nordic raised its dividend to $1.18 share, a yield of 11%, which is double what it paid in the third and fourth quarters during the previous year. Bear Stearns thinks NAT’s day rates could rise to $70,000, which would give it a yield of 22%, or a $2.00 dividend. Lastly, he mentioned that only three of the 10 analysts that follow the stock have a buy rating. With such high demand and not enough tankers on the seas, Cramer loves this story.
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Deteriorating external environment and strong currency crimp outbound shipments.…
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As deteriorating external environment and strong currency crimp outbound shipments.…
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“There is a stock out there that can give you both a morbidly obese, double-digit dividend yield and up to 25% upside potential,” Jim Cramer told fans of his “Mad Money” TV show Thursday. That stock is Nordic American Tanker (NAT), Cramer’s new favorite oil tanking company. Cramer explained that the overall amount of tankers on the high seas is barely staying flat, despite high demand from OPEC, and NAT is benefiting. The company said its day rates rose to $46,600 a day from $27,000 in the last quarter, and C…
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Cramer ushered in the 60th anniversary of the State of Isreal by recommending geothermal power company Ormat Technologies (OTA).
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The number of decent IPO's coming to market is picking up to a slow trickle and today two IPO's worth watching began trading - Colfax (CFX), a global supplier of pumps for the water and oil industry & Real Goods Solar (RSOL), one of the largest installers of solar energy systems. [...]
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Cramer admitted he has been wrong with his negativity on Coach (COH) and now investors are free to buy the stock. Cramer said he listened to the media and didn’t do his homework on the high-end consumer products maker. Cramer bought into the media hype that Coach was having inventory problems. He said he should have trusted CEO Lew Frankfort when he came on Mad Money and said a that a bad quarter was a one time thing. Had investors listened to Frankfort they would have caught a double in the stock. Cramer explained that Coach is growing sales and earnings at 19% and the shares trade at 15 times next year’s earnings. Cramer called COH cheap and said the company is buying back stock aggressively and expanding into China. Cramer advised investors to start buying Coach again.
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Cramer welcomed Peter McCausland, Chairman and CEO of Airgas (ARG) to the show, for the seventh time, to discuss his company’s prospects. McCausland said he’s bullish on the future for Airgas and he explained that most of his company’s business segments grow faster than the economy making Airgas a non-cyclical story. He explained that almost every segment of the economy uses the company’s products, from its speciality gasses to its welding equipment. He said that acquisitions keep the company growing, as Airgas has made over 370 in its history. He said the most recent one with Linde Gas USA is already working to provide synergies and costs savings. Cramer told viewers he’s sticking with Airgas.
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Word On The StreetWORD VIDEO HERECitigroup TakeCitigroup (C) is holding an investor meeting on Friday to discuss the company’s future. Finerman said she hopes Citigroup CEO Vikram Pandit will consider spinning off the consumer banking business. Macke said don’t expect the company to announce anything important. He thinks the bank will just keep buying time. Adami said investors should buy the dip if the stock sells off….
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The time has come, late. But, the time has come. Google (GOOG) says that its No.1 revenue priority for the year it to make money from it monster-truck video sharing site, YouTube. According to Reuters, the company’s management admitted at its annual meeting that the road to profit for YouTube would be a long one with 2008 as a modest beginning. Senior executives also said there would be a lengthly wait until DoubleClick, the display ad serving business Google bought, would be a meaningful piece of annual sales. The news site quotes Sergey Brin, one of the company’s founders as…
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POPS&DROPSPOPS- AbitibiBowater (ABH) traded up 11% despite reporting a loss of $248 million. Adami called it a classic relief rally. R.H. Donnelly (RHD) soared 29% after the publisher beat profit estimates. Finerman warned investors that RHD is highly leveraged. Manitowoc (MTW) traded up 5%. Adami said buy MTW.DROPS- Toyota Motor (TM) fell 4% after the auto maker forecasted a profit fall. Adami said avoid this stock. Home Depot (HD) dropped 2%. Macke advised investors to buy the dip. Kaiser Aluminum (KALU) fell 11%. Finerman disclosed she bought the dip Thursday. Nike (NKE) fell 3%. Najarian said don’t worry it’s just profit-taking. Warner Music Group (WMG) lost 2% after the recording and publishing company reported a loss and eliminated its dividend. Macke said the stock is going to zero. Hansen Natural (HANS) plunged 15% after the drink maker missed profit estimates. Najarian said the stock was hurt after Goldman cut its forecast.T…
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BullishSprint Nextel (S) and Koppers Holdings (KOP).BearishPolyone Corp (POL), Level 3 Communications (LVLT), Immersion (IMMR), Sigma Designs (SIGM) and Oshkosh Truck (OSK).
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Trader RadarShares of Hansen Natural (HANS) were among the most actively traded stocks on the Nasdaq Thursday.Face2FaceRodney writes, “Will I see Goldman Sachs (GS) pop to $250 in the first half of next year?” Adami said Goldman could possible see $215. Andrew writes, You guys are pretty dead-on but I have been hurt by Crocs (CROX). Are they finally on track with international growth?” Macke said walk way from CROX.Final TradeA…
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Gold is back, Jim Cramer said on CNBC’s “Stop Trading!” segment Thursday. Cramer explained that rising 0il prices are due to supply and demand issues and not from the action in the dollar. He thinks gold stocks are buys and he recommended Agnico-Eagle Mines (AEM) and Yamana Gold (AUY ). Cramer told investors he wants to sell the retail sector after its recent run. He advised investors to get out of Nordstrom (JWN), Urban Outfitters (URBN), Phillips-Van Heusen (PVH), Target (TGT) and VF Corp. (VFC). Cramer said the only keeper in the sector is Wal-Mart (WMT) with Coscto (COST) at a close second. Cramer said investors should pay attention to oil drilling in India, which is taking off and companies like Transocean (RIG) will benefit. The biggest refinery in the world, which is near completion, is in India, and it plans to service Middle East oil before it comes to the U.S. Lastly Cramer recommended Discovery Holding (DISCA). “This is a masterfully run company with big, big ad gains,” he said. Cramer said DISCA is heading to $29.
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The consumer price index for Caracas? metro area increased 1.6% m/m in April, down from 2.3% the previous month but up from 1.4% a year earlier. Monthly inflation has now topped the 1.5% mark in seven consecutive months. Cumulative inflation during the first four months of the year reached 9.9%, sharply up from 4% in the same period a year ago.…
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Sentiment is slipping, output is down, and consumers feel constrained.…
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Retail sales may have come out a bit better than expected in April, but investors weren’t biting that hook today. It may be that they’re waiting to see if the government’s stimulus checks to taxpayers end up providing a boost for anyone o…
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