Aditya Rao
BigTVFew people would ever dream of trying to upstage India’s most prosperous media conglomerate TV18 unless of course you’re Anil Ambani and you’ve got the Reliance juggernaut backing you up all the way.
Bulls and bears are fighting it out on Wall Street over the next move for the markets. Cramer said he isn’t joining either camp, instead he plans to remain flexible and recommend sectors that will work no matter what the market does. Cramer pointed out that the PHLX Housing Sector Index refuses to trade lower, despite the fact that home builders are reporting horrible numbers. “When you get bad news and nothing happens, that’s a bottom,” he said. However, C…
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Cramer thinks the packaging industry, which has been struggling of late, is set to embark on a turnaround. He said tighter supplies should help raise prices and Packaging Corp of America (PKG), the sixth largest producer of cardboard and containerboard, should benefit. In early May, International Paper (IP) was the victim of a factory explosion that removed 2% of U.S. capacity. International Paper recently acquired Weyerhaesuer’s (WY) containerboard business, removing even more supply. Cramer pointed out that PKG is a low-cost, high-margin producer because it doesn’t use recycled cardboard, which costs more than virgin fiber. The company also uses less natural gas for its production, providing for even more cost benefits. PKG yields 5.1% and has a $110 million stock buyback plan that makes up 4% of the company’s outstanding shares. Cramer predicted that shares could rise to $33 from its current price of $25 on any economic upswing.
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Cramer welcomed Gian Fulgoni, chairman of Comscore (SCOR) to the show to discuss how his company completely blew the call on Google (GOOG). A few weeks ago, Cramer told investors to avoid Google because data that ComScore published showed the search giant’s advertising clicks would be flat. Unfortunately for Cramer, Comscore had only included Google’s U.S. data and not their international numbers. Fulgoni explained Comscore is still developing its software that will track overseas advertising trends. He also said that Google doesn’t provide guidance and many analysts on Wall Street were desperate to find any information on Google. He feels that Wall Street overlooked the fact that Comscore’s data was only for domestic ad trends. Fulgoni mentioned that online advertising is on fire. He said advertisers are figuring out they can get a better return on investment for their advertising dollars online. “Google wins out because advertisers cut costs by shifting to the Internet,” Fulgoni said, where they also “can get more bang for the buck, in terms of a sales impact.” He explained that in a recession more advertisers will move to the web, which is great news for Google.
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Cramer thinks the packaging industry, which has been struggling of late, is set to embark on a turnaround.
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Cramer welcomed Gian Fulgoni, chairman of Comscore (SCOR) to the show to discuss how his company completely blew the on Google (GOOG). A few weeks ago, Cramer told investors to avoid Google because of data that ComScore published showed the U.S.-based search giant’s advertising clicks would be flat. Unfortunately for Cramer, Comscore had only included Google’s U.S. data and not their international data.
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Cramer recommended alternative energy and wind power company MasTech (MTZ) for his speculation Friday stock pick. Cramer pointed out that MasTech is engaged mainly in building infrastructure for the telco and energy industries but it also has a growing wind power business. He called the company a service firm for the wind-power sector, like Halliburton (HAL) and Schlumberger (SLB) are service companies for the oil industry. During the company’s last quarter, wind accounted for $45 million or 17% of sales and Cramer thinks sales make up a much larger slice of revenue in the second quarter and next year. The company has a $1.4 billion backlog and trades at only 10 times forward earnings. Cramer recommended buying shares of MTZ under $11.
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Cramer recommended alternative energy and wind power company MasTech (MTZ) for his speculation Friday stock pick. Cramer pointed out that MasTech is engaged mainly in building infrastructure for the telco and energy industries but it also has a growing wind power business. He called the company a service firm for the wind-power sector, like Halliburton (HAL) and Schlumberger (SLB) are service companies for the oil industry.
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Word On The StreetWORD ON THE STREET VIDEOPlayboy CEO InterviewPlayboy (PLA) CEO Christie Hefner joined the traders to discuss her company’s prospects. “The media industry is going through a vast transformation,” says Hefner. “These changes have had an impact quarter to quarter. But we grew last quarter in profitability in spite of that. And I think we’re well positioned.” Macke explained the stock trades at a discount because Wall Street doesn’t think the family will ever sell the company. Hefner said shares of PLA are cheap at current prices….
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Options PlaysThe traders talked about some unusual options activity in a few names. Najairan said the most active options on Friday were in SolarFun (SOLF). He said options action is heavy across the entire solar sector - keep an eye on First Solar (FSLR), Energy Conversion Devices (ENER) and Canadian Solar (CSIQ).Great American AG TradeThe traders discussed the bull market in agriculture stocks. Najarian told investors to forget about the the straight ag plays like Deere (DE), Monsonto (MON) and Potash (POT). He thinks these stocks have had their run. However, he likes the shipping stocks. He advised investors to check out DryShips (DRYS) or Diana Shipping (DSX). Adami said DuPont (DD) is a great synthetic ag play. Adami said buy the dips in the ag names. He likes Burger King (BKC) for a food play. Adami prefers McDonald’s (MCD) over BKC. Najarian said he likes both food stocks.P…
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Bullish Hanesbrands (HBI), Potash (POT), France Telecom (FTE), Capstone Turbine (CPST), Exxon Mobil (XOM) and Gafisa (GF)BearishDiebold (DBD), Granite Construction (GVA) and Red Hat (RHT).
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Federal Reserve Chairman Ben Bernanke asked Congress to accelerate the date when the Fed can pay interest on reserves, a power that would give it better control over interest rates and more leverage to battle the credit crunch.
In the letter to House of Representatives Speaker Nancy Pelosi …
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POPS&DROPSPOPS-Abbott Labs (ABT) popped 6%. Pete Najarian said he thinks ABT can continue higher, but the stock is risky. Starbucks (SBUX) traded up 7% after Nelson Peltz’s Trian Partners said it bought 842,000 shares in the coffee chain. Macke said don’t bother. Advance Auto Parts (AAP) popped 15% after the company reported a 8% rise in profits. A…
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Buy Sterlite (SLT) Jim Cramer said on CNBC’s “Stop Trading!” segment Friday. Cramer pointed out that the company’s power business is coming online soon. Cramer also likes that SLT has exposure to zinc, copper and aluminum, all three which are in strong demand from China. Sterlite also controls one of the four largest aluminum company’s in India. “Two thumbs up to Sterlite,” Cramer said.
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The best brand you have is you. You wear it everyday. Your logo is your brain.
If you are putz, I can’t help you…no one can. You could do well on TV though so get an agent. I recommend the asshats at CAA, but I digress.
Fred Wilson wrote a post for Business 2.0 over two years ago about how blogging can build your business .
If you were lazy and scared it’s not too late. Actually, it’s just the beginning and here’s the best news…YOU DON’T NEED TO START A BLOG ANYMORE. You can comment and now vomment (intelligently and sincerely) on the blogs of people and publishers of influence. Spend FIVE minutes and set up a D…
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A consumer confidence figure that hearkened back to the days of the Carter Administration and gasoline prices over $4 a gallon weren’t enough to keep the stock market from holding together today. Despite another spike in oil prices that nearly carried crude to $128 a barrel, equities shook off late-day weakness to finish marginally weaker, a reasonably good outcome for the session. “E…
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Lots of people newly discovering the entertaining games that raiders, like Carl Icahn, can play in hiding, ahem, their stock holdings in target companies until the last minute. In the case of Yahoo, for example, Icahn is sharing notes/stock/etc. with hedge fund manager and kindred spirit Jim Paulson. Here is a nice chart on the subject showing how Icahn, Nelson Peltz, and others have used Morgan Stanley to help them quietly build some recent positions. …
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Annelena Lobb has this report on the prowess of big endowments.
What can retail investors borrow from the money-management strategies of high-flying foundations and university endowments? Not much, actually.
Laurance Hoagland, CIO of the William and Flora Hewlett Foundation, in a conversation earlier this week, says l…
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