Cramer's Lightning Round - Sysco a No-Go (11/18/08)

by: SA Editor Miriam Metzinger November 19, 2008 | about stocks: BAC / CMI / CREE / DUK / HPQ / ISRG / PEG / PHG / SYY    
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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday November 18.

Bullish Calls:

Public Service (PEG): “I like PEG…I know it pretty well, I still prefer Duke energy. I think Duke has better growth prospects.

Duke Energy (DUK)

Phillips (PHG): “Sport, I’m with ya’. It’s got a 6 percent yield, a beneficiary of a stronger dollar, pastiche of businesses… too much industrial...but buy buy buy…It’s come down so far so fast, it is an accidental high yielder.”

Hewlett Packard (HPQ)

Bank of America (BAC): "I am puzzled…because I did not want to see that investment in China. I want China to invest in us…I hope he’s [the CEO] is right…I hope BAC works..it seems that they have taken on a lot…it is one of my fortress banks…I am staying with BAC.”

 Bearish Calls:

Cree (CREE): “Too risky. Too gadget oriented. I’m not going to go there...it’s too difficult a stock. I have liked Hewlett Packard.”

Intuitive Surgical (ISRG): "No, wrong stock for this environment. That is a bull market stock…no. I can’t recommend that high multiple stock…many companies in the world are going to cut back on expensive medical equipment even if they shouldn’t."
 
Sysco (SYY): “Problematic in the short term. I see many restaurants in trouble...l have been recommending Sysco for literally 20 years. I cannot do it now, It’s stocks like Sysco that make me nervous.”
 
Cummins (CMI): “All these are run by hedge funds. You not supposed to buy this in a bear market. We know this is a great company, but it can’t be good going into a recession ..don’t buy don’t buy.”
 

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This article has 2 comments:

  •  
    Nov 19 04:55 PM
    How does CMI get into the Bullish category with a "don't buy, don't buy????
    Reply | Link to Comment
  •  
    Nov 19 05:32 PM
    how do you think the stock market will do tomorrow
    Reply | Link to Comment
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