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tv   Mad Money  CNBC  July 22, 2009 6:00pm-7:00pm EDT

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lately the market has been flying higher thanks to a host of second opinions. fed induced cures. and, yes, of course, chinese stimulus and some excellent rehabs. more and more investors are realizing the plague is past and what looked like one stock market wide pandemic turns out to have been made up of different sectors with their own individual afflictions and some that weren't afflicted at all. every day more and more of those doctors of the market, the analysts and big money trigger pullers, realized many companies which had initially been diagnosed as being at death's door are in fact simply temporarily disabled. all aboard or on the road to recovery? >> the house of pleasure. >> or they were never really sick in the first place.
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[ applause ] you better believe that can drive stocks higher even as periodically the patient comes down with a fever, which is what happened in the last hour of trading as the dow dropped 35 points and the s&p 500 almost broke even although the spectacularly immune nasdaq -- ♪ hallelujah >> just keeps winning. 11 straight days with an apple a day at a ten-point rally. longest streak in 13 years. 10% increase in a week's time. so what's this second correct opinion for this market? it's different for different sectors. so let's go through each patient's chart. i'll explain the true malady and the current prognosis that the market's gradually been expecting. first there was a severe disease play. the industrials, the transports, the retailers, the minerals, and the oils. in each of these cases we
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initially thought that business would never recover. and the stocks should reflect the potential for bankruptcy. for ruin. they were all diagnosed with terminal illnesses or life-long debilitating conditions with no cure. that's how u.s. steel could trade as low as $16. that's how nordstrom got to six. it's how dow chemical went to five. and freeport went to 15. but now the bankruptcy risk is off the table. when that happens, of course you catch doubles, even triples in these stocks. all those ones i mentioned all tripled. instead of thinking they're incurable we now know when the economy gets better these companies should get better, too. you have to look at these companies as victims not of a terminal disease but, perhaps, a severe trauma. maybe multiple gunshot wounds.
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an injury that's severe but the doctors are no longer determining it life threatening. the industrial patients are no longer in critical condition. they're going to survive. but they still have been hurt so they're operating at about 50% of capacity. their stocks are down 50% from their highs. over time, they could return to 80% of the precash conditions, though. and 80% is high but the market's pretty good. i'm predicting a full recovery for many years of the ones that go to financial rehabilitation. that's a much more optimistic prognosis than even a few months ago where we either thought these groups of stocks would never recover or else they were getting worse or perhaps even at death's door. then the most incredible thing. what i call the false diagnoses, the bogus quarantining of the
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mostly disease-free tech stocks. the tech stocks were barely afflicted by the con tejon. even if they were initially declared to be quite ill. thanks to a resurgence in tech spending most notely in asia and because of the mobile internet trend i've talked about endlessly on the show, it's looking like the techs never should have been admitted to the hospital in the first place. they were never sick. in fact, they were bulking up the whole time. and apple, which blew away the numbers last week, intel last week, san disk, last week's speculative pick, way up. these are the best examples. anything that goes into the mobile internet, smart phones, 3 g, 4g, wireless networks that make up the back bone are in especially good health. let's call tech a robust 98.6. next there are the hard-to-diagnose patients, the natural resource stocks. they came down with an american flu but they found the cure in asia. the problem with these natural
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resource names was that they've been pumped up on steroids by hedge funds that speculated in commodities last year and now they're being juiced almost entirely by chinese buying. for those reasons, we can't really tell how cheap they are. the oils? hard to tell what they're really worth. i go by dividends. up 4%? i like them. they're very cheap because we're using less crude and aren't finding more of it. but now that they're off steroids they're simply flabby, an out of shape group except for those taking chinese red bull no doubt intravenously. obviously there are other stocks that are still in critical condition or really do have diseases that only a few will be able to beat and still come out whole. among the banks, only goldman sachs and jp morgan. both stocks are my charitable trust, seem like they'll be restored to 100% health even though that still will cover some time. i think others are permanently
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debilitated. regionals, fifth third, comerica, zion, suntrust though it was up. and, of course, citigroup. others day to day, pnc, u.s. bank, bank of america. all of these banks are priced exactly for their conditions. we don't have cures yet and their immune systems are weakened. doctors geithner and bernanke tell us not to worry. there's one final class of stocks out there. these are the ones that were poisoned. i know this sounds a little self-inflicted but it is true. by the u.s. government. not by the economy. and these stocks seem to get stronger as president obama and speaker pelosi's political positions become weaker. pelosi's fall from grace serves as an antidote for big pharma. pfizer or health care cost containers previously viewed to be the enemy, wellpoint, medco,
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express scripts. when obama's poll numbers stink the buyers are more willing to pay up to the earnings of stocks than kept down by the entire agenda, the victims of cap and trade, health care reform. that's where we are right now. when you consider that every company had seemed to be teetering on the brink of life and death, it's no wonder their stocks go up repeatedly once we get the earnings reports that show they're far healthier than the original diagnosis suggests. more and more companies are being discharged from the hospital every single day. as we recognize the prices only stocks still in many cases reflect an illness that's far more severe than what they actually have. that revelation plus the false diagnosis of the tech stocks propel us higher and higher. here's the bottom line. the vast majority of patients continue to make recoveries from the miraculous, like apple, to
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the healthy like gold, to the soon-to-be discharged like caterpillar, like eaton, like the transports, like federal express. to those that seem to go in and out of the hospital, the retailers, the restaurants, some of the health care stocks, to the chronically ill, the banks and the home builders, although kudos to ron ensigna from market movers. they moved today. i find those, they're day-to-day patients where we remain hopeful in spite of high temperatures, coughing fits, some with blood, and heavily damaged immune systems. as one apt investor after another recognizes the plague has run its course we'll continue to spiral higher over time just as we spiraled downward after lehman's plague went airborne. let's go to steve in my home state of pennsylvania. >> caller: boo-ya from huntington valley? >> oh, man, many-time caller. right around the corner from
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toll brothers. what's going on? >> caller: what's going on? what is going to set the table for the market to go higher if the economic indicators continue to be weak now that second quarter earnings are coming to an end? >> it is amazing, steve, what the calendar will do. i know this always sounds probably almost too good to be true for individual investors but when you're a big institutional investor what you do is you talk about anniversary better numbers. last year we had horrible numbers september and october because of lehman brothers, aig, fannie may, freddie mac. no matter what the numbers looked like in october i got to tell you they're going to be better than last year. in europe they're talking about the gross domestic product numbers. that will cause all of the stocks to even go higher than they are. and what people are doing is jumping the gun and getting in ahead of what will be some excellent data in the fall. greg in arizona? >> caller: boo-ya, jim.
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>> boo-ya, chief. >> caller: most companies reporting are meeting expectations on the bottom line but seem to top on revenue. the only way to do it is by cutting expenses and in the tech industry that means cutting jobs. who is going to be left to fill the top line. >> i think the top line is falsely deflated. a lot of the companies i follow like coca-cola, if the dollar got weaker and i am forecasting a weaker dollar, might have actually showed you fantastic top line growth. i put caterpillar in the same group. secondly, why do we necessarily think like what happened with tech that now that inventories are depleted, again, using caterpillar as an example, we won't get sales higher? i look at tech as the beacon of what can happen. obviously aided by this mobile internet thesis. but we did not have strong sales in tech in q4 of last year. we didn't in q1. everyone thought the group was ridiculously overvalued and look at it now. because the revenues have come back for every tech company that
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i've followed. the top line has been excellent in tech and the bottom line better. nate in ohio? >> caller: yeah. my baby vincent is crying boo-ya to you. >> interesting midwest boo-ya. >> caller: hey, freeport announced yesterday the redemption of senior notes due in 2014. because the interest rate is low and not due for five more years are they wise to do this or just making a mistake? >> no, who am i to contradict him? he may have ended up paying a very high price. this man is very balance sheet oriented, talking about the ceo of freeport. now look. let's understand. he cut the dividend when the stock was at 17. you've since caught more than a triple from when he cut the dividend. but i think he does a lot of things that are right for share holders and also makes it so the debt is not great. basically i am telling you it's a terrific, terrific company i've been recommending for a long time and akerson is the
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reason. he is a conservative man in a wildcatter's business. think of this market in terms of medicine, in terms of prognosis because people are giving many patients a second opinion and i think most patients are recovering perhaps permanently from their illnesses.
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by now you've probably gotten used to hearing all the negative aspects of president obama's agenda. and, worse, speaker of the house nancy pelosi's agenda that could, of course, lose you money. but i have found something. i have found the stock that should actually benefit from what the democrats in washington are planning. i keep searching. now and then it's kind of like a hidden, golden nugget. how's that for a change of pace? "mad money" exclusive. nancy pelosi could drive a stock higher. i found one. i'm talking about western union. wu for all you home gamers. the number one company in the
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money transfer business. and a play on something that i think is about to explode. increased immigration. of course an economic recovery. i have to like this stock now given that obama said he wants to make immigration reform a priority. saw that in yesterday's "times." and just this week the congressional democrats told us they want to introduce comprehensive immigration legislation by the end of the summer, legislation that would offer a legal pass to citizenship for the estimated 12 million illegals now living in the united states. none dare call it amnesty. that would be a real boost for western union. i don't think you can wait for congress to start debating it. i wouldn't wait for the bill to pass. you need to get in the stock ahead of it. plus if the economy eventually rebounds and the business market starts really growing again you can bet this company, which is incredibly well run, will be a huge winner. remember, obama wants to make
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hiring illegals a civil penalty. no more of those big elliot ness style george w. bush crime busts at the scene of the factory. you better believe lots of companies wouldn't mind at all just paying the fines if they could hire cheap illegals. this is a major change that i think floods america with illegal immigrants looking for work and sending tons of remittances to their families. that's big business for western union and a big reversal of what's happened since bush was, well, raiding the places, raiding the factories. i am making no political judgments here about immigration. i'm just telling you what i think will happen and how i think you can make money from it. western union reported a decent quarter yesterday, earnings slightly better than the street. not enough to keep the stock from getting dinged for a 3% decline. i think the market's reaction to the quarter was stupid. normally it's a hostage to the slings and arrows of the business cycle. i get that. a gdp play. it does much better in a strong
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economy than a weak one. when times are good everyone has more money to wire back home. when unemployment is low, more immigrants come to the u.s. it means more transactions. so the fact western union was able to reaffirm its 2009 guidance despite the weakness in the economy, i found that encouraging. a lot of companies were cutting guidance. and the business is only going to get better with a stronger economy and weaker immigration enforcement, something obama does not even need the permission from congress to do. weakened enforcement. the possibility of immigration reform with some kind of nonamnesty, that's called nonamnesty amnesty for illegal immigrants. it's big for western union. during the quarter wu handled $16 billion in consumer-to-consumer cross-border remittances, down 8%. remember we shut down immigration in this country but it was really down 1% cost to currency adjusted and the transactions increased by 3% year over year. you would think this business would be in for a real mauling thanks to the recession but it
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seems once immigrants are here sending remittances home isn't discretionary. i call it a necessity. most of western union's customers have a pressing need to send money home to provide for their families. and don't forget there's another reason why people might come here from latin america, not job oriented. mexico is again in "the new york times" on the front page and has turned violent. and the coup in honduras. immigration isn't just about jobs anymore. it's about safety, too. which is why i don't worry western union will suffer if we have a jobless recovery. we know companies are firing people left and right trying to succeed and cut costs to boost earnings. what better way to cut costs, again, making no political judgment, than to replace american workers with immigrants willing to accept lower pay? i don't like how it sounds. you don't like how it sounds. but it's the logic of late-stage capitalism so get used to it. not to mention trying to profit from it by buying western union. how about this recovery angle?
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just yesterday wu's ceo seemed to throw cold water on any sort of bullish season. i like that. lowers the bar. what did he say? as you read in many reports people feel the worst has happened or we are coming to a turn but i'm not sure. that's the ceo's quote. okay. not encouraging. i've been in the game for 30 years. i'm telling you this is precisely the right moment in the cycle to buy a stock like western union. i do not need the ceo to tell me to buy it. the stock market forecasts out six months. while the rest of 2009 may not be so hot the world bank is already forecasting an increase in global remittances in 2010. also when economies around the world start to recover wu will be in much better shape than it was going into the slowdown. why? money gram, its cheap competitor in a fragmented industry pretty much imploded a year ago which allowed western union to expand distribution, extend its brand to new customers all over the globe through new physical bank locations and online without having to worry much about the
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big competition. again, competition an anathema to real capitalism. companies with the money on hand to keep investing, expanding the business, banks are picking it up. just got u.s. bancorp. good number today. while the western union results in mexico this quarter were dismal and mexico is in a severe recession, one more reason people come north, i think it will be more than balanced out by western union's recent, very big expansion in china. the world's second largest remittance receive market. right now the asia pacific region accounts for 20% of global remittance and represents only 8% of western union's revenue. i don't think for long though. as the company saw 19% transaction growth in this region in the past quarter alone. we know that the chinese economy will be the engine of global recovery. so does western union. i'm telling you, this company is really well run. here's the bottom line. when you hear nancy pelosi or president obama talk about
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immigration reform, don't think political. think buy western union. the uncontested king of the remittance market that's also a terrific play on a global economic rebound. harvey in oregon? harvey? boo-ya, harv. >> caller: boo-ya. >> what's up, chief? >> caller: jim. >> yeah. >> caller: boo-ya to ya, jim. >> i'm liking that. you're kind of an oregon poet. >> caller: yes. a poet, a writer, stock market investor for 50 years. you know, all of those things. >> every one of those i approve of. >> caller: good. my question is on housing, jim, with obama's new or at least his immigration policy, and the fact that, well, we had a little jump up today. are you still down on housing shares? >> i've been having a debate on real money.com, ron insana has been taking shots at me because he came on with his market movers to say buy the home builders and i dissed him.
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he went like this home builder. i went like this home builder. i'm starting to be on shaky ground. here's the truth. you're absolutely right. i think the untold story about the housing decline was the end of immigration. you reverse immigration you'll get house price appreciation. market mover is going to be right and cramer will be left being too negative. it's been a long time since someone has called me too negative on the housing situation. how about sherry in california? >> caller: yes? >> you're up. >> caller: hey. >> hey. >> caller: big boo-ya from sunny california. >> holy cow. let me give you an sc boo-ya. >> caller: i am really interested as an rn on this health care legislation. >> right. >> caller: that obama is trying to pass as i think that health care is a right not a privilege. and i got some health care less than a month ago and it's up 31% but i wonder if it's a good time to pick some up, if it will be
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benefiting from obama's legislation, if it passes, with my fingers crossed or if it'll be benefiting if it doesn't pass? >> i want you to take some profits in it. i think that bulls make money, bears make money and hogs get slaughtered. you're up 31% in a company that's not particularly well run, that has been a player in obama's agenda. what happens after obama speaks and tomorrow we find out the senate says ixnay on the health care? which is what they'll do. so let's stick with california. let's go to mel in california. >> caller: yo. >> hey. >> caller: yes. >> you're up. hey, mel. it's jim. >> caller: hey, jim. >> mel. >> caller: hey, jim. >> hey, mel. >> caller: a question for you. >> mel is like that alice's restaurant. go ahead. >> caller: am i on, jim? >> yes. >> caller: hey, does pay pal
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make e-bay the best online retailer or would amazon be better? >> you know what? amazon bought zappos. that's very good. zappos numbers though heavily inflated by my daughter's buying in the last six months. holy cow. that zappos. now here's the thing. e-bay reported a monster good quarter. i've been buying the heck out of it for my charitable trust. i see gross margin, gross market, a value of all goods actually going down less. inc. you got horse sense but why, why would i ever limit it to e-bay when i like e-bay and i like amazon? i like them both. it's a two fer. bill in new jersey, my home state. bill? >> caller: how are you, jim? >> not bad, bill. how about you? >> caller: i'm doing good. local jersey boo-ya. >> going to the shore this week
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and boo-ya. >> caller: got a question for you. with all the internet fraud these days in money transfers online like western union i'm curious what you think of just passing the $1 billion check for daymark and does it tie into your popular view of the smart phone and notebook explosion? >> i am not a big sign of verisign. i feel it's a played out story and reminds me of the old dot com days. i would welcome the company coming on air and telling me why i am wrong and giving me a better idea about how that business is doing. we got a lot of earnings going fast and furious today. we just got someone calling about e-bay. e-bay a monster quarter but western union reported yesterday, and i think the stock was unfairly punished. you want an immigration play, if you think like i do, we're about to open the flood gates turning it from criminal to civil, you buy, buy, buy western union. after the break i'll try to make you even more buys.
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on this show we've been on a jihad against leverage etfs, the kind that let you buy or short an index with double or even triple the fire power, like the ultimate etf of mass destruction. the ultra short financial pro
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shares that did so much damage to the bank stocks and cost taxpayers billions of dollars back in the heat of the crisis. i've been advocating that the ftc which doesn't seem to understand how these work should ban these etfs because they simply don't do what most people believe they do, because they have to rebalance every day. they only work for day traders. what do we need that for? give day traders triple the power to knock a stock down? if you hold them for any longer period than that your performance is going to be dramatically different than what the retail investor expects. let's take the skf which is supposed to let you short the banks with double the fire power. do you know you actually lost money if you held on for all of 2008 even though we know the bank stocks got crushed? you lost money. all because of the daily rebalancing that causes volatility to massively eat into your returns. these things didn't work for you. that means the leverage etfs are a terrible way to hedge because
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their long-term performance has more to do with volatility. i have railed and railed and railed about why these products have to be banned. as they are incredibly harmful to ordinary investors who don't understand the real way that leverage etfs work but so far the regulars have done nothing meaningful. but then today, today i noticed that one excellent, conservative brokerage house, edward jones and company, has done what i regard as being the unthinkable. the unimaginable. it took a stand to protect you, to protect its clients. can you believe that? by deeming these etfs not suitable for their own clients. and they decided to no longer sell the darned things. that's right. this wonderful investment firm made the responsible decision to drop these leverage etfs. even if it will hurt their commissions business. it will hurt their bottom line. because these are incredibly
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actively traded. if only every company in the financial services business had that level of integrity, edward jones & company should be the model for all the other firms because they're doing what's best for the clients. but instead it's the exception in a world where all these companies care about -- commission. this is a total eureka moment i believe. everybody in the industry should follow the example of edward jones. if the sec won't ban leverage etfs the purveyors wonhave to decide to stop selling them. i try to make viewers aware of the inherent dangers of these products but i'm also going to encourage every brokerage house to adopt the edward jones position and protect their clients from these, selling these pumped up, steroid infused etfs, a back door around the federal reserve rules for margin. people don't intend to hold them for longer than a day. if you do, you don't do well. this is like a pharmacist selling medicine that actually makes you sicker. luckily we got the fda to
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regulate medicine but if we didn't you'd probably stop shopping at a bad pharmacy and take your business to one that refused to sell harmful products. maybe investors should do the same. take their business to firms with a sense of responsibility that won't sell their clients products like leveraged etfs that are practically designed to blow up in your face if you don't understand their true purpose. most people don't. shame on the sec. bravo to edward jones. i hope other financial services firms follow in its foot stems. if they don't, all of you investors should take your business to firms that i think are looking out better for your interests. i'll tell you, this is a great trend. let's keep it up. stay with cramer.
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it is time. it is time for "the lightning round." buy, buy, buy. sell, sell, sell. to be fair, my staff prepares this. we play and then the lightning round is over. are you ready? it is time for "the lightning round." avery in maryland? >> caller: hello, jim. boo-ya. >> boo-ya, av. >> caller: land of the washington capitals. >> oriole boo-ya. >> caller: right. hey jim. i want to give you a compliment.
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i've been watching your show and i really enjoy it. >> thank you. >> caller: a lot like "wall street week" the late great -- >> you know, i got involved, i use today watch that show and i thought i can figure this out with the help of this man. there was an article that called me obnoxious to which i say, come on, man. can't you get meaner and more horrible than that? obnoxious? i've been calling myself for that. what's the stock? >> caller: the stock is one of your favorites. first merit. >> listen, you got to start giving the spoils to the victors. firstmerit is one of them. they've done everything right. it's time to take some of these banks that are in trouble, we keep reading about, and eureka. sell them to the good guys like firstmerit, like fulton. how about like glacier? how about peoples united? how about, well, that's a good list. okay. how about bill in michigan?
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>> caller: hey, big up north michigan boo-ya to you from glen ashor and traverse city. >> wow. haven't been there yet. this is a first-time boo-ya. >> caller: you're missing the most wonderful place to play golf, jim. >> i'll take up the game and be there. all right. what's up? >> caller: the stock is ims health, inc., symbol is rx. >> you know what? i've known this company. i actually owned this stock in 1983 but i got to tell you something. if you're going to get into the health care intelligence business i am going to tell you once again to go to mtrx, which is all scripts which has been a huge winner and continues to be a winner. buy, buy, buy. also a great pelosi immunizer. why do i focus on pelosi? i don't know. okay. how about mike? >> caller: a big aloha boo-ya from maui, jim.
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>> what's up? >> caller: gde, i've been buying it since april and on any pullbacks i've been picking up additional positions. >> it's been a long-time loser which is why i don't care for it but i got to tell it you's been on a rampage. come on. i happen to think that, look. i have to tell you i'd rather own the coin, silver bullion. that's my preference. just like with gold i'd rather own glc. i like bullion. i don't like the stock. let's go to susan in connecticut. susan? >> caller: hi, jim. >> hey, susan. >> caller: i'm a first-time caller. >> thank you. >> caller: i'm interested in investing in metals and what do you like for metals and do you like alcoa aluminum? >> no. alcoa is too poorly run. i just don't like them at all. i do like freeport.
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i think richard does a good job and i also like bhp though that company is starting to say everything that's been good is all about china. let's wait until the mineral stocks come down. they've had two big runs. tina in mississippi? >> caller: boo-ya from mississippi. >> well, boo-ya so we got to respect it. >> caller: great. the company cvx chevron? >> now you're talking. here is a company that preannounced when everybody thought it was a big quarter, the stock goes down to 6162, all my e-mail saying this. why? because everyone knew chevron was having a bad quarter. now with the futures ahead of us a 4% yield and i want to tell you to buy, buy, buy. buy chevron. and "the lightning round" is over.
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if i tell you to own a stock it doesn't mean throw all your eggs in one basket. even if you're almost positive it goes up, the nasdaq goes up ten straight days that's great but remember what happened in 2001? uh-huh. we diversify your only free lunch. that's why we play "am i diversified" every wednesday. this is where you call and tell me your top five holdings and i tell you if your portfolio is diversified enough. remember this is about eggs in one basket. this is about the actual stocks not the qualitative judgment on the companies but whether you've got too many in one sector. let's start with terry in wisconsin. terry? >> caller: boo-ya, mr. cramer. >> sweet. >> caller: terry from the badger state. >> good to have you. >> caller: am i diversified?
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i gotdiversified. i have american capital agency corporation agnc, bank of america, bac, general mer time corporation, gm rrr, china, uni, chu, lynn energy, linn. i want to thank you for teaching and entertaining. >> thank you. that's what i'm trying to do. teaching to entertain. if i recommend stocks, i try to put them in a context why you should buy. this is a very difficult one for me. michael said they were a 16 a hedge up in 2001 for natural gas. we like that natural gas play. general maritime, big yield a shipping company. let's stick with that. american capital. china unicom. they have the apple contract in china. it's a huge position of mine for my charitable trust.
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here's the problem. bank of america i own, is also while it's a bank, it's real estate play. i think that's too much on real estate and i am a bull and think real estate is stabilized. i want american capital sold. let's bring in a health care company now that obama seems to be ineffectual in destroying the health care industry. let's go to johnny in south carolina. >> caller: south carolina, boo-yah, jim. >> boo-yah back. >> caller: i have cisco foods, ebay, google, merck and disney. >> crisco foods, ebay, google, america and disney. >> caller: yes, sir. >> another one that's very tough. i'll explain why in a second. merck had a good quarter, we love fred has son, we have to give him a hand, he sold sheering plough and made everybody rich if you bought it
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the day he came in as i promised everybody would happen. and disney, a resilient company, everybody trying to knock it down. cisco, a lot of people think of sysco, the technology company, think of cisco, the food company and we have ebay. are these the same thing? they are two online companies, do trade together even though one is a merchant and one is all together an advertising company and ebay better than expected quarter i've been buying for my travel trust. i think we should make a change, exit google now that ebay is on the upswing, how about we bring in a -- i don't want to do tech, i want to do -- we've got some health care, i think we should bring in a financial, i think we should bring in goldman sachs or jpmorgan, i think those will be better. to michael in new jersey. >> caller: hello. >> hey, mike, you're up. >> caller: hey, cramer,
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ba-ba-boo-yah from new jersey. >> stuttering boo-yah "from the garden" state. >> caller: ticksers are tit. >> titanium metal. h ben, tez, pds and ote. aim diversified. >> we will let everybody know by looking at the actual stocks, no, we have to give people more information than that. we speak of ote, we're speaking of the greek telephone company. when we speak of pds, we're talking about precision drilling trust. obviously oil drilling company. we think of pz, also controversial, here, we're not talking about petrobras, it's petrobras energy, a lot of people confuse these. let's start with the greek. company a telco.
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huntington a bank stock, i think holds on like a champ. the ote, the greek telephone company, my bad. this is titanium metals. allegheny tack is a bad number and i think boeing is having real trouble. we have an oil driller and we have an oil company. show, too much oil, let's throw out the energyia and pick up the health care company and we'll be feeling much better. i thank all our participants today on am i diversified? d#: 10 "i'm rethinking everything...
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tdd#: 1-800-345-2550 including who i trust to look after my money." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "the dust might be settling... tdd#: 1-800-345-2550 that's great, but i'm not." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "i guess i'm just done with doing nothing, you know?" tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "oh, i'm not thinking about moving my money. tdd#: 1-800-345-2550 i am moving it."
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petrobras. western union looks real good. there's always a bull market somewhere and i promise to find it just for you here on "mad money." i'm jim cramer. see you tomorrow! next up on kudlow, apple, cat, merck, starbucks a lot of economic recovery there. stay with the banks, they're going to earn their way out of t toxic assets. robert rice versus john stossel and robin james versus raymond james.pr remaining '08 and '09 models. you'll find low, straightforward pricing. it's simple. now get an '09 malibu 1lt with an epa estimated 33 mpg highway. get it now for around 21 thousand after all offers. go to chevy.com/openhouse for more details.
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are enjoying the new palm pre with its revolutionary web os. they're running multiple live applications at the same time. - ( thunder and rain ) - 3 million are using the simply everything plan. each is saving $1200 - over an at&t iphone plan. - ( cash register dings ) together that's over $3 billion. - enough to open a dunkin' donuts in space. - ( walk( alkie sounds ) from america's most dependable 3g network. bringing you the first and only wireless 4g network. get the palm pre from sprint. only on the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com.
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tonight on the kudlow report, apple caterpillar, merck, starbucks beating the street with a bunch of banks. they're five recovery canaries in the economic coal mine. it's bullish. some banks beat and others didn't. with a zero interest rate and steep curve and improving economy, banks will earn their way out of toxic assets. senator jim bunning has a beef with behnke, you won't want to miss the interview and tommy james talks stocks and earnings just out today. robert rice versus abc 20/20 anchor john stossel on disastrous obama care and his phony claim he rescued the economy. you won't want to miss this. the president is said to make a primetime push for obama care.
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you can hear it on our network, socialism versus free market capitalism. fasten your seatbelt, "the kudlow report" begins right now. good evening, everybody. i'm larry kudlow. welcome back to "the kudlow report" where we believe free market capitalism is still the best path to prosperity. recovery canaries and economic coal mines with a hat tip to blogger douglas mcintyre. am, cat, starbucks and mert all beat the economy plus the bank story makes five. 90% of the work force and rising business may be doing some spending and taking some risks. i love this story, thanks again to mr. mcintyre. ben bernanke may be too pessimistic. maybe it's time for bernanke to begin his liquidity exit strategy before year-end,ha

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