tv Mad Money CNBC August 8, 2009 12:00am-1:00am EDT
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with its commercial real estate-backed paper? considering the plummeting of office, mall and apartment real estate ventures? some of the worst banks, the ones that are most leveraged with bad commercial properties, all up more than 5%. can that be right? how about host hotels and starward, two pieces of roadkill that are now ramping? i mean, do people even take vague indications anymore? isn't at the height of absurdity for retailersle to rally so hard, given that the consumer's supposed to be on life support? and back to school season has been all but officially canceled? are all these moves just downright insane?
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with very gone nuts and ventured blindly to the land of 1,000 bull dances? a question we always have to ask ourselves. the answer? call me the great equivocator. i say yes and no. yes, this whole rally is nuts if things get worse, but no, it's totally reasonable and right if things get better, and today i believe we got a powerful all-clear signal that things are in fact getting better. a piece of data that's truly definitive and respected, and it's been acted upon time immemorial, i'm talking about that labor department jobs report, that truly actually, yes, all-important jobs report. i know the media likes to report that every single piece of information is all important. every one of these is treated by the press as sacrosangt, because they need a big story every day. that's my day book thesis.
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i used to be a reporter. the super-duper oil inventories, if that's how the press likes to report it, but the truth is not all pieces of data are created that's how the press likes to report it, but the truth, is not all pieces of data are created equal. some are way more equal than others, to paraphrase that late great stock picker george or well, and none of these things, not a one means a hoot compared to an unemployment number. especially one that's as positive as we got today. and while i've heard over and over how phoney and rigged and jimmied these figures are or at least were under the last president, you have to figure the press loves obama so much that they'll conclude he's putting out conservative numbers and say things that are even better than they look. i wouldn't be surprised if the love affair with reporters you start hearing, let's underpromise and overdeliver. like he's the ceo of a tech
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company. like he even really has a chance to look at the number. come on. but the important thing is that today's glorious unemployment report shows the continuation of the trend that's pushed this market higher and higher. and this is what i've been talking about. things are going from less bads to actually getting better. this rally's about getting better. i trusted, you should too. i've repeatedly told you that all bets are off, this unemployment keeps skyrocketing. but the reverse of that is also true. jobs control this market. when you reach with the earnings reports that have come out lately, the bias has been to leave tables of unemployment alone. the whole thing for this quarter, people don't want to cut anymore, oil companies want to bring people back. about whether they cut too many jobs from citigroup to cisco, to
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ford, these managers saying wait a sec, we don't need to cut anymore jobs. let's wait and see, and that's exactly what i think we're seeing now, a sensation of firing until the smoke clears and we know that the june-july period of sustained order growth, that's from cisco's ceo john chambers, not jim cramer, is real. it's the reason why none of the rallies we're seeing is necessarily phoney, i think they're the real deal. these moves are not to be distrusted out of hand. not after important evidence that says we're transitioning from less bad to actually better. the home builders, look burning off housing inventory in the hardest-hit areas and we are, it stands to reason these companies should begin to build again. with the idea that prices are going to appreciate. now, i disagree if that's the thesis, they claim to know their business. the hotels, we will travel more. we'll be able to pay off those mortgages that we thought we couldn't. we'll lock in these low advertising rates that cbs is
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talking about. we'll be able to model toward 10% unemployment, not 12%, and that's huge for the banks. back to school season will be on and kids will likely get new clothes and new shoes. who knows, they may spring for pencils and three-ring binders. a lot of good things can happen when the one thing that every company in america keys on comes through. a lot of good can come when companies declare a cease-fire on firing, to a more likely return of t.a.r.p. as i promised when t.a.r.p. was passed, big profit for the government. going to produce big profits. especially if, knock on wood, health care reform gets emasculated. the bottom line, we can't suddenly down play the importance, the jobs number, the plays in this economy, not when we worship it, not when it's painting a much rosier picture than expected. the moves we're seeing, they're
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rational, now that the less bad to better thesis is confirmed. no it's not jimmy cliff, it's bob marley, i shot the sheriff, but i should have shot the short sellers. you got the picture. let's go to brian in california. brian. >> caller: boo-yah from sunny southern california. >> boo-yah, brian. what's up? >> caller: i want to ask you about trlg. >> unbelievable numbers, unbelievable numbers. just a second, i was throwing some bulls. >> caller: they beat on eps and increased their guidance and still trading at 11. what's your take? >> i think that the fact they can charge $400 for -- did i ever tell you the story? i go into the short hills mall where i live and i give my kids a $200 true religion gift certificate. my daughter opens it up and says, dad, that's one pant leg, $400 jeans?
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but, yeah, the high-end jeans are selling like mad. it reminds me of how great whole foods are doing, how great urban outfitters are doing, in other words, true religion will go higher, not lower. the shorts are all over this thing. they will be wrong. one thing is great hospitality at true religion. they treat you like a king. let's go to matthew in massachusetts. sorry about last night. matthew. >> caller: hey, i have a it's always sunny and bright in massachusetts, boo-yah. >> i'm going to give you a smoltz boo-yah. like time to retire. >> caller: boo, smoltz. citigroup. what about the pros reverse stock split? >> there's a lot of talk about it. they've been talking about it. i want to urge them not to do it. here's why. first of all, there's no reason to do it if your stock is coming back as hard and fast as citigroup. what's the point? most of the companies i do with reverse splits, it's like a
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muhammad ali you cannot r run, you cannot hide. if i knew vikram pandit or any of these guys, i would be in their faces saying please don't do reverse stock split, you don't need to. wee don't we go to michael in my home state of new jersey. michael? >> caller: cramer -- >> my god. >> caller: a tgif screaming boo-yah to you. >> oh, my god, a 142 off the garden state boo-yah. what's up? >> caller: i'm concerned about the lawsuit of scrips. >> that's nonsense. it's just the plaintiffs. they file lawsuits like they're leaves blowing in the window. don't worry about that. that stock's at 16. we'll get that guy, glen tall, he's good. jethro tull, jethro glen tull, we'll get the ceo in here, we'll see if he's on the log. i think it's a winner, i would not sell that stock. dow up 114. the less bad is getting better.
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techs on semiconductor, that's onnn for you home gamers reported a thing of beauty second quarter and raised guidance to boot. i think it's one of most speculative plays out this. the company makes power management components that go into all kinds of devices. so it's been propelled both by the mobile internet tsunami that i refuse to shut up about and the $40 billion chinese wireless stimulus as it gets 40% of its sales from china. and those communists know how to stimulate the mint better than anybody. the reason i like on semi even after a run since i first recommended it on may 7th at $5.71 and was breaking up. they're custom and now i won't throw them. all right, i'll only throw one of them. wow, that was bad. may at $5.71, a commodity, and
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if you can find one of these in any sector, especially in tech, then you've probably got a big winner on your hands. this is a company that's transitioning from making basic components, a commodity business that stinks because, well, let's say anyone can come in and compete with a nearly identical product creating a vicious pricing environment to making a more proprietary specialized chip, that means higher margins, okay, and less competition because some other semiconductor company can't swoop in and duplicate the technology. on semi is closing down some of its manufacturing facilities, big boost to gross margins because they're expensive, less necessary, especially when you have a good priority chip design. this is part of the reason why onnn semi's margins are rising after a hugely important metric. now the company delivered 9 cents of earnings per share for the second quarter. that beat the street, which is looking for 7 on a percentage basis that's gigantic, 11% for
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the previous quarter, onnn semi covers 90% of the revenues from next quarter, that's up from 80% three months ago. this company's got visibility. the ability to see what's going to earn in the future, investors love this ability, particularly for tech because it means fewer nasty surprises and more consistency. the street will pay more for a company's earnings when it can see them coming. that's another reason i like onnn semi, but back on may 22nd after a terrific first quarter, when the stock was trading at $6.22, keith jackson, the ceo came on the show and was very positive based on the interview i said the stock was still a buy, up another 20%. now, onnn semi reported a great quarter. and i want to hear from the ceo, one of the highest praise to say he's bankable and i want to see if the stock can keep going higher. mr. jacksons, welcome back to mad money. >> thank you, great to be here. >> there's a couple things that
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really intrigued me about this quarter. one of them was, and you know, we had an unemployment data piece today and it was pretty positive. you say on page 15 of your -- and i always encourage our viewers to read that. that perhaps your company got two liens. are you to the point where you're going to be hiring? >> yeah, i think one of the things we always prepare for whatever the direction the market's moving, you need to be anticipating. certainly things were not looking very well. so we took some very aggressive actions and that has shown up in our numbers. as we look forward to the second half of the year, however, it's very clear that we're expanding at a rate quicker than we anticipated. so we're hiring direct laborers back as we speak. >> now, could that be something related to the cash for clunkers? >> not yet. however, it will be here in q-3 and q-4 time frame, it is related, however, to what you mentioned earlier to china with
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their consumer stimulus but also in germany, in places like that have already done their cash for clunkers earlier in the year. all of that is translating to additional consumer demand and, of course, more demand on our products. >> an amazing turn from january. now, you talk about -- i want to talk about the internet mobile tsunami, you've got oem customers, lg electronics, motorola and samsung, tell our viewers what you do for those companies. >> we make products for all of their consumer electronics, especially samsung and lg that have not just the mobile communications, but also the entertainment devices and the consumer appliances, all of which are being connected. so all of our products show up, people sometimes ask well where do they go? what is power semiconductors mean? basically it's doing things like driving the lighting of the displays, driving the audio, things you can hear, driving the batteries and controlling them for additional life, so anything that has to do with power in a system is where we fit. >> all right. so i'm playing rock band and
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what -- well, on one of the systems that you provide the chips, if i had to say, okay, that's what onnn semi does to my kids while we're playing rock band, what would it be? >> well, it provides again, the visual that they see, the video. we actually drive those displays and it provides the audio. we actually provide the power for the power amplifiers and do a lot of the processing for the signals that go into both of those things. we also have in the joy stick controllers sensors and drivers that can predict the movement and translate that into electronic signals that makes the game work. >> you really are the brains behind those games. that's very cool. okay, now, you talk about on page 8 of your transcript that you had utilization rates at 60% for the second quarter and that you're thinking that it could close in on 70%. i presume that like intel, when you get up there and start having higher utilization rates that every incremental percentage you get really does flow through the bottom line. >> it really does.
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and we're expecting something like 70% fall through from the revenues increased in q-3 to fall through to operating profits. >> do you think we're at a time -- are we -- i'm just going to say it. i think it's a gold maze for the mobile internet. i think it's been -- i've been on a mission to explain to people that this could be as big as e-mail was, could be as big as the net was, could be as big as when we first had the personal computer. this is a great opportunity to tell me i'm completely nuts. >> no, it actually is. in fact, there's going to be more opportunities because there's so many different ways to get at that connectivity. whether it's through your gaming approach, through your communications approach, your computing approach, all of these different sectors are converging and trying to go after the same market, which means multiple opportunities not just one like you've had in the past. >> are you taking big shares from other companies? i know when you go from commodity proprietary, you must
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be able to offer something else nobody else has. >> we are gaining share in several marketplaces, we've been vocal about the computing games we've had. those continue, they started out in the desk tops and now in the notebooks and the netbooks, so that's one area that's been very strong growth for us. but also, automotive is a good story for us, as well. >> all right. when you talk about what you're doing, you've got the computing market represents 27%. when you think of the computing end market, what am i getting in my pc that i've got right here that is you? >> basically everything. power for the graphics cards, power for the display, power for the cpu, the power supply for the whole company, for the whole computer, i should say. so everything in there basically touches something. >> one last question because i want everybody to understand, i'm recommending your stock here. they've got to know it's not just a regular semi. it does mixed signals. tell people what mixed signal is. >> well, we do digital processing, digital is what everything's gone to, i think that's pretty popular. we also have the analog.
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and when you mix the two, you get mixed signal, and the analog is good for driving signals like audio and video, the digital is good for controlling the information that goes around. >> excellent. keith jackson, ceo of onnn semiconductor, congratulations on a great quarter and for making our viewers money. >> thank you. >> this is at the heart of it. cypress semi is at the heart of it. there are many pieces to this internet tsunami puzzle. and onnn semi has a lot of the key ones. i want you to stick with onnn semi and stick with keith jackson and the personalized disk that keith jackson made for me. now you can stay connected to cramer wherever you go. download full episodes on itunes, wrap to your desk top, get daily text alerts sent to your phone, and now with constant updates on twitter, you can get "mad money" any time anywhere.
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all week we've been traveling around the globe, creating the brand new cramerican foreign legions of high yielders to protect your portfolio from the one thing, remember all of the things we did? from the one thing that, well, your portfolio from the united states. whether you think this country's going in the right direction or not, you have to acknowledge that the truth is we're not in control of the course we're taking the way we used to be. not with massive deficits, not with the debased currency, the dollar was up today, and a potentially higher tax rate. nothing of the damage washington could do by passing something like cap and trade climate legislation, or car check, right on the neck of the economy. don't take my word for it.
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the other day, cramer-fav stephen colbert celebrated by having a santa claus dressed as karl marx come on the set confiscate his watch. >> now, he's allowed to say that, of course, i'm not allowed to say so-so-socialism. so i won't. i would have dressed him to more accurately reflect the pelosi dictatorship, also known inside the beltway as the ppd. in order to try to play it safe, you need international exposure, stocks that trade on foreign markets. but also trade here as adrs, well, because the dollar goes down, the stocks are mostly immune to the weakness and they also pay hefty yields.
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so far, i've got -- let me go over the names. i've got cig and cpl, the two brazilian utilities. i've got the trp, which is the canadian pipeline. stat oil, the norwegian mad viking of oil producers, and yesterday, i've got dina, ako, a coke bottler and beverage distributor in chile, argentina, and brazil. foreign stocks with juicy yields. doesn't have to be these stocks, make sure you have international diversificatio diversification. tonight we've got our final legionaire. what if you want a foreign dividend payer, something where you can still catch the currency gains from a weaker dollar and you still have exposure to a more stable foreign marker. but start with market, but also
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one that gives you exposure to america. that's iesibfi. the canadian garbage company with the very f symbol, i think that's the looney, that's why they call it the looney. this is why they call it the looney. no matter where you are, garbage generally is the stable in stinky business, which doesn't touch organized crime flavor, i'm not these guys, though. the last season of the sopranos, by the way has great insights if you want to get into the garbage again. i've recommended others in the past, none of them trashy because we have a limitless capacity to create waste in this country and someone has to get rid of it. wmi, which we liked, 4% yield, services 3% yield, those are great american companies. i want you to consider bin, a canadian way to play not just a garbage game, but also the takeover of the united states by the great white north. bin's the second biggest waste company in canada and the fourth
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largest in north america, 72 underlying collection companies, 34 transfer stations, 22 landfills, 20 recycling facilities, it has its roots in canada, but a few years ago decided to enter the u.s. and now gets 32% of its revenues from canada. that's all. the majority comes from the u.s., although the canadian business is more profitable because they've been doing business there for longer. the question here is why buy bin over a great company like david steiner's waste management? when some say it's canadianness covering in the core. maybe the garbage collection version of william shatner. waste management has the higher yield as bin which is expected to pay out 50 cents a share in dividends, yields only 3.7, but that's still pretty good. bin seems to have more room to improve, and that should mean more room to increase earnings. the two big drivers are internalization and consolidation. for garbage companies, the internalization rate is the percentage of waste they collect
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that actually gets disposed at their own landfills, bin's rate is 52%, that's low, the average guy is 65, so bin is looking to fill the gap by acquiring some waste holding companies, that's the consolidation. a move that should give the company's margins and cash flow a boost. binn's got a cleaner balance sheet, the dive send is marathon man safe, and would back me up on that if he were still alive since as the company's free cash flow per share is more than five times the size of the payout. they could boost his payout big. create trash without actually making owning an american company. here's the bottom line, garbage is as good as gold when it comes to protecting your portfolio. and a garbage collector produces so much cash it might as well be an atm, which is why i like bin, the last member of the cramerican yield. maybe this makes them the dirty half dozen. put your portfolio in the dumpster. just don't swill that.
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tony in california. tony? >> caller: boo-yah. >> boo-yah! great to have you. >> caller: hey, jim, i called before about public services and they were have a little bit of trouble. and i was wondering now that the earnings was a little bit better and they've completed their merger with allied, what do you think? >> i think it's fine, but of the three, i like bin and waste management much more. the republic services is great. i would love to see them merge with bin. we have a new anti-trust department no longer in the commerce department. so it's entirely possible that deal wouldn't get done. i like all three, but republic's my least favorite. let's go to rob in california. rob? >> caller: hey, "mad money" boo-yah from the golden state where i'm looking at the pacific ocean right now. >> are you really? >> caller: yes. >> i'm looking at a toxic waste pit. what's up? >> jim, i'm afraid the federal
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government has taken a bad lesson from california. with all of the wealth in income tax and revenue stream we have out here, we can't balance the budget. i mean florida, nevada, other states like that don't even have income tax and i'm afraid with, you know, we're going to end up with a weaker dollar or inflation and -- in keeping with the foreign legion week i'd like your opinion of yomana gold. i haven't owned it but i've watched it -- >> they've lost their way. i'm not kidding. i think that they have had a series of mishaps. i used to love the company, and then i deserted it for agnego eagle more. and you might as well buy the gld too. and you're right about this. i remember we had rogers on from cypress saying the same thing you did about california. can i go to dan in maine, please? dan? >> caller: cramer, a big boo-yah to from maine. >> holy cow, i think the voice of maine has spoken and i like
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it. what's up? >> caller: first of all, before i give you my question, i have -- i'm up here in real bear country, but i'm all bull, and if you would rip the head off one of those bears for me i'd consider it a personal favor. >> as a matter of fact, i'm going to do the rest of the segment with this in my mouth. go ahead. >> caller: my question is steel dynamic. with this cash for clunkers going extra innings, is it going to be a glut of scrap on the market that are going to be good or bad for their bottom line? >> my mother always said don't talk with your mouth full, so just a second. if you want to play the steel game, play ak steel, aks, it's not one of my favorites, i was discussing it with my friend stephanie link who works with me on national works plus.com my charitable trust. i said no, i didn't want to own aks, not high quality. so i say no to it, don't play the steel way. you can play alcoa, that actually works better. bin is the foreign legion trash
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stock that could be a treasure. treasure to your portfolio. don't forget about the other legionaires, sto and ako/b. stay with cramer. next, try to keep up with cramer as he takes your calls rapid fire in an all new lightning round. plus, e-mail us at madmoney@cnbc.com and jim could answer you on the air on an all new mad mail. all coming up on "mad money." he ran off with his secretary! she's 23 years old!
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- oh, come on. - enough! you get half. and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah. his and hers. - ( crowd gasps ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion? - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu? - ( chirp ) joint custody. - dog: phew... announcer: get work done now. communicate in less than a second with nextel direct connect. only on the now network. deaf, hard, hearing and peopith speech disabilitiesit .
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kicking back and i ramp it up here. it's rapid-fire calls, one after another. you stay the name of the stock, and i say whether to buy or sell. i don't know the stock questions ahead of my time. my staff prepares the graphics on the fly. are you -- no, not yet. let's say that the lightning round over. are you ready, skee-daddy? it is time for the lightning round. on cramer's "mad money." why don't we start with john in california? john. >> caller: spot on, boo-yah. >> oh, my. heading out today. boo-yah. what's up? >> caller: my stork is rdn. >> no, come on, man, that's a short squeeze. >> sell, sell, sell, sell -- >> that's a pure short squeeze. don't you dare. let me throw in abk and pmi while i am at it. let me go to louis in new york. louis. >> caller: a big football boo-yah, jim.
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we're getting ready for. i smell red, jim, but i smell green with targa resources. ngls, what do you think? >> was that something about josh beckett? no, okay. look, i think we just had michael in from l.i.n.e. i say no to yours, i say l.i.n.e., we've already done the homework. let's stick with it. michael in maryland. michael? >> caller: jim. >> michael. >> caller: happy dow jones friday boo-yah to you from annapolis. >> i'm loving that. go navy! >> caller: my question is about water transportation, general maritime. ticker gmr. i anyway you like nordic american. >> a lot of people didn't like that quarter. i liked it. they still have no debt. i have to side with that over general maritime. i'm sorry. how about steve in texas? steve? >> caller: yes! >> steve. >> caller: big old texas how
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wide howdy boo-yah to you. >> michael crabtree won't sign boo-yah. >> caller: what's your take on lp, el paso? >> i love that -- i saw the quarter come out and i said i've got to recommend. >> buy, buy, buy! >> that one's going to go up big. that's headed up and headed up higher. you played the game right. mike in indiana. >> caller: big hoosier boo-yah, skee-daddy. >> how much fun did we have to see the hooziers. that engine ripped my suit. what's on your mind? >> caller: pbct. >> i like it. they have a balance sheet that is a man of steel. that balance sheet is the best of any regional bank i know. once sheila bair deciding to stop trying to kill citigroup, and decides to start working on the banks that are paying too much on cds, pbct she'll be transferring banks to them. memo to sheila, i know what i'm talking about.
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i love her. i love her. charles in utah. charles. >> caller: draper utah boo-yah to you. >> don't have enough calls from utah. >> caller: i better call more often then, what do you think about comcast? >> it was a good quarter, i didn't think it was a bad quarter. it didn't have the growth. i would, but i prefer verizon, just because of the yield. there's room for everybody, but i like verizon's yield. nate in louisiana, nate. >> caller: hey, cramer, this is nate from shreveport, giving you an lsu world series boo-yah. >> holy cow, shreveport. one of our -- i've been trying to get the show at lsu, tigers, bangles, everything. the market's going to start this year. what's up? >> caller: i want to know about oxy, occidental petroleum. >> i like it, well-run company. i think it has a play for your portfolio.
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if you want an own in oil, i would sanction owning it. no, no, no, i'm going down to hector in florida right now. hector? >> caller: boo-yah, skee-daddy. >> what's up? >> caller: h.a.l.? >> i couldn't believe how well that stock acted after a quarter i didn't really care for, but you know what? i think oil and natural gas is going higher. that's good news for h.a.l. i want to buy it, not sell it. i think you got to keeper. let's do one more. because everybody else is just sitting on their duffs drinking duff beer and i'm just getting started. let's go to kevin in florida. kev? >> caller: hi, jim, big old boo-yah from the liquid sunshine state of florida. >> i loved florida, lived in the big bend, what's up? >> caller: with the recent cash for clunkers and the big demand for sodium silicate if ppg still has room to run.
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>> ppg has room to run, because it's still got a high yield. i don't want to put too much on autos and go much more into china, but it has some exposure to the good ones. i think the reason you want ppg is the natural gas prices really low, great ceo, and best of all, it's moving to asia as fast as they can. get off your duff, stop drinking duff and join cramer in ending "the lightning round." the lightning round is sponsored by td ameritrade. mary in california. >> caller: can you call me on -- when i call in can you call in on your house phone? >> sure, i'll give you my cell number. >> caller: okay. >> you've got cramer.
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>> caller: yeah. hey, this is cramer. hi, cramer. hi. >> hey, mary, how are you doing? >> caller: i want to know about deutsche telecom. >> all right. all right. >> caller: yay! >> oh, definitely. i've made sure, by the way, i watch my contacts with this juice. i have something in my eye. let me put something in my eyes. it's like visine. that's other real estate-owned, also known, of course, as -- oh, god, someone licked the middle part off. man, that's disappointing. tonight i'm creating the "mad money" foreign legion. that's right, we're going traveling. norway. >> tonight i'm a proud honorary
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norseman, with viking-like abilities, and i ain't talking about those losers in minnesota. chile, so that's why we brought our the chilean sea bass. brazil, the land of plastic surgery and carnivale. we're head to go canada. the great white north, the land of celine dion. not bad in concert, and jim carrey. personally i prefer giselle and plastic surgery. >> there's always a bull market somewhere. i'm jim cramer, i got four seconds left. i'll see you tomorrow. what's on the minds of independent investors? let's ask. when i trade, i want a straightforward price.
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america because of the merrill lynch fiasco. why don't they go after the executives. we couldn't figure out where the $33 million figure came from. judge raykoff, a very, very smart terrific judge in the federal district court in manhattan agreed with us and in an incredibly rare action he stopped it. we encourage this kind of courageous behavior and we want to thank a judge who obviously thinks like we do. frankly, i have to tell you, there should be more judges like that that are willing to stand up and make a statement that everyone is not doing everything right.
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>> jamie, believe it or not, after today's amazing unemployment number we could be transferring from a "u" to a "v." next week the fed meets. if they say, listen, we are back on track, you will see a market that is happy because it is anti-inflation and a sense that we are on the "v." here is one from jim. oh, wise crameriski. how is it that chico's gets no attention after a quarterly sales report that blew out analyst expectations. jim, i think the stock has moved up so far in advance people can't champion it. that is how i felt. i saw that go up. i said i ought to have gotten on
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it. because i didn't i missed it. this is from mike, jim, i know you talked about patriot coal. it was $5, climbed to over $9. seeing as how there is so much talk of green energy is this coal stock going to run out of steam in love your show, mike. i think it is. i recommend joy global and busaris, coal directly in china. the chinese are serious users of coal. keith, boo-yah, cramer. i have about 30% gain in applied materials, amat. keith, i think there is a big turn in semi-conductors and when they turn they start buying new equipment. we are closer to the cycle turning. i want you to stick with amat. "mad money" is after the break. >> miss out on on some "mad
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money" you can get cramer sent to your phone. it's the chevy open house. and now, with the cash for clunkers program, a great deal gets even better. let us recycle your older vehicle, and you could qualify for an additional $3500 or $4500 cash back... on top of all other offers.. on a new, more fuel efficient chevy. your chevy dealer has more eligible models to choose from - more than ford, toyota, or honda. so save gas... and money...
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pennsylvania, we have a man who served in both the marines and the navy. he's cool under fire, and he can prove it because he was shot while serving, and he might show us where. let's meet mr. jonathan nygard. jonathan, how are you, man? >> whassup, man? >> good to see you, big guy. >> all right. >> how are you feeling? >> feeling good. >> you're from jonestown. >> yep. >> obviously you didn't drink the kool-aid. it's a little joke. stay close. are you a red sox fan, is that why you're wearing a boston hat which i assume? >> i really just hate the yankees. >> you hate the yankees so you're wearing a red sox hat and you're from pennsylvania. >> right. >> what team do you like? >> i like the phillies. >> you like the phillies but wearing a red sox hat. >> right.
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