Segment 1: Cramer's New Tech Stocks
Cramer is tired of hearing about ols tech stocks that are consumer goods, and is going to spend today's show telling us about his new tech stocks that make tangible goods that power the economy. His first pick was Emerson Electric (EMR), which he has liked since 1984. He is bullish now because it is an industrial growth stock that makes money in good times and bad times. He put a price target of $60 on the stock. They make a variety of electronics, power, tools, motors, and controls products, and Cramer thinks that demand for their product will continue due to the strong earnings they reported recently. They have strong growth in their newer businesses, and are selling some of their more cyclical product lines. They increased international sales 10% last quarter, and make 30% of their sales in emerging markets, while they continue to buy back stock and increase the dividend. It is trading at 16 times earnings with a growth rate of 15%, so Cramer thinks it is cheap.
Segment 2: Know your IPOs
Cramer talked about a company that went public last Thursday, an he thinks now is the time to get into the stock at a decent price. The company is Colfax (CFX), which jumped to $24 in its first day of trading on Thursday, and is now around $21. It is a play on fluid management, which is used to move liquids around. Cramer thinks that this type of product will be needed to solve the energy problems of the world. For example, FlowServe (FLS) and Robbins and Myers (RBN) have been up big this year, which are other fluid management companies that have been public for longer than CFX. He said to wait a week before buying, and to be careful and use limit orders because the stock doesn't trade with much volume.
Cramer took calls on the following stocks:
Visa (V): Cramer said that he thinks Mastercard (MA) is better, but this stock is OK also.
Western Gas (WES): Cramer said this is a good stock, but a little speculative.
Segment 3: Lightning Round!
Blockbuster (BBI): Cramer thinks it made a mistake getting involved with Circuit City (CC), so he is now bearish until they drop their buyout plans.
Seacor Holdings (CKH): Cramer is bullish on this stock.
Intuitive Surgical (ISRG): Cramer thinks it is time to take profits because they didn't report a great quarter last week.
Gerdau (GGB): Cramer is bullish on this Brazilian stock.
GeoEye (GEOY): Cramer said that this stock blew up, and that he said to get out of it a while ago, and doesn't want to get back in.
ClearWire (CLWR): Cramer wants everyone to get out of this stock anytime it spikes.
Millicom International (MICC): Cramer did a segment in the past where he recommended this international telecom stock, and he is still bullish.
Circuit City (CC): Cramer said to sell this stock immediately while the Blockbuster bid is still propping the stock up.
Canadian Natural Resources (CNQ): Cramer said that this stock is up so much that he wants anyone who bought it on his recommendation to sell half just to lock in some of the huge gain.
Segment 4: Cramer's New Tech Stocks - Part II
Cramer said that he thinks the next President of the U.S. will get behind wind energy next year, and said that his pick if that happens is Owens Corning (OC). It makes environmentally friendly building materials (including their famous pink fiberglass insulation), in addition to wind energy parts, and gets 61% of its sales from overseas. Cramer said that the strength of their materials is critical to the windmill makers, so they will profit as energy companies head towards the target of 30% of energy from wind. Cramer is not concerned about their exposure to the housing market because they reported good earnings and are moving to diversify their revenue.
Segment 5: Mad Money Emails
Harley-Davidson (HOG): Cramer is still bearish, and said that you are better off buying a bike than the stock.
Allergan (AGN): Cramer likes the stock at its current price of $52.
Frontline (FRO): Cramer is bullish on this shipping stock.
Nordic American Tankers (NAT): Cramer is bullish on this shipper as well.
