Mad Money / Jim Cramer Daily Recap 7/30/08
July 30th, 2008 / 10:16 pm / by OnlineTradersForum.com
Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.
On Wednesday Cramer said “I’m sticking my neck out and calling the bottom.” Cramer credited Merrill Lynch’s (MER) for providing a solution for dealing with its bad debt, strength in companies like Clorox (CL), Cummins (CMI), Avon (AVN) and US Steel (X) and the falling price of oil as factors favoring a market rebound.
Bullish
Alcoa (AA) (Lightning Round)
Cabot Oil & Gas (COG) (mentioned on Stop Trading!)
Celgene (CELG) (Lightning Round)
Core Labs (CLB) (Lightning Round)
Frontline (FRO) (Lightning Round)
Jones Apparel (JNY) (mentioned on Stop Trading!)
Nordic American Tanker (NAT) (Lightning Round)
Owens Corning (OC) (mentioned on Stop Trading!)
Panera Bread (PNRA) (Lightning Round)
Qualcomm (QCOM) (Caller’s Stock)
Red Hat (RHT) (CEO interview on Mad Money)
Research In Motion (RIMM) (featured on Mad Money)
Transocean (RIG) (mentioned on Stop Trading!)
Verizon (VZ) (Lightning Round)
Bearish
Double Hull Tankers (DHT) (Lightning Round)
Eastman Kodak (EK) (Lightning Round)
Ford Motor (F) (Lightning Round)
Garmin (GRMN) (Caller’s Stock)
Input/Output Inc (IO) (Lightning Round)
Nokia (NOK) (Caller’s Stock)
Red Robin Gourmet Burgers (RRGB) (Lightning Round)