Subscribe in a reader
Subscribe by Email

Thursday, September 27, 2007

Jim Cramer calls Goldman Sachs (GS) Best of Breed

One 9/20/2007, Jim Cramer claimed that he had been behind Goldman Sachs (GS) all the way since the show started. With the stockTagger database in hand, I attempted to figure out if this has been true, and for the most part it has as Cramer rode the stock from 120 to 215 where it currently sits. Cramer has alerted viewers to short term price fluctuations in the past, being correct in almost every short-term instance.

On 5/16/06, in response to a caller's question about CME Group (CME) (Chicago Mercantile Exchange), Cramer said of financial stocks, "I happen to think that this stock is part of a complex of names including BOT, International Securities Exchange Holdings (ISE) and, let's go further, Goldman Sachs (GS), Lehman Brothers (LEH), and Bear Sterns (BSC) that is not done coming down. I see a shift in the market toward the companies that do better when the short rates are done going up, thank you Federal Reserve. And you're stock, and that whole other complex, is going to take a breather. I say, don't buy, don't buy, don't buy." He reiterated his sell on 5/17/06 and then told viewers to buy on 5/18/06 a few points lower.

On 6/14/06, during another dip in the stock, Cramer advised viewers to buy the stock down four days later, but by then it was up almost 7 points.

Most recently, Jim has called Goldman Sachs (GS) the best-of-breed brokerage over its rivals saying, "With the fifty basis point rate cut, this time has finally become the brokers' time"..."I think this stock is going much higher. How high? I think it can earn thirty dollars a share and deserves to sell at ten times earnings. So where does that put it? 30 x 10 brings it to 300 dollars, my original price target."

Jim Cramer track record on GS

Monday, September 17, 2007

Jim Cramer Picks Baidu.com (BIDU) as China Favorite

Jim Cramer has only recently remained bullish on Baidu.com (BIDU) as the price of the stock hit 128 in May 2007. He has commonly rejected owning Chinese stocks, instead recommending high quality American companies that benefit from the growth of the Chinese economy, but Baidu.com (BIDU) has become too hot to ignore. Cramer briefly went positive on Baidu.com in a January 2007 lightning round when he stated, "True confession time. I have been itching to buy this BIDU, to recommend it on the show. I keep waiting for a down day. It is killing me. I am right now sanctioning a small buy in BIDU right here, praying that it will come down so I can say buy, buy, buy on the show. You've got a winner."

Soon after on 2/9/2007, he correctly predicted that the stock would trade dramatically lower after reporting the quarter's earnings. Disappointing Q1 earnings plus a worldwide selloff that originated in China brought the stock as low as 94, giving the confident investor a gift-like entry point for buying. Lately, Cramer has called the stock one of his favorites, and in an 8/2/2007 lightning round, he remarked of Baidu.com, "This company is selling much more cheaply than Google (GOOG). I like Google (GOOG), but Baidu is a winner. I can't fight it. I like Baidu."

Jim Cramer track record on BIDU

Sunday, September 9, 2007

Jim Cramer Analysis of Exxon Mobil (XOM)

Cramer has only been positive on integrated oil Exxon Mobil (XOM) since late 2006, when crude oil continued its undeniable run to 75 dollars per barrel and carried oil and oil service stocks with it. He had previously called XOM the worst integrated oil, referring viewers instead to best of breed name ConocoPhillips (COP). In a 2/2/2006 lightning round, Cramer said of XOM, "That's just a large bank masquerading as an oil company. They have not kept up with reserve growth." He consistently referred viewers to drillers such as Halliburton (HAL). More recently, though, he has been consistently bullish in 2007. In the main segment of the 11/29/2006 Mad Money show, he claimed, "XOM is the worst of the big oils," but called it a stock that has been annointed by mutual funds as a must own holding, and gave it a 100 dollar price target. "Some mutual funds decided to buy it and they won't stop buying it until they're finished setting up their massive positions"..."Catch the most miraculously irrational rally I've ever seen."

Jim Cramer track record on XOM

Saturday, September 8, 2007

Jim Cramer Performance of ConocoPhillips (COP) Picks

Jim Cramer's performance on ConocoPhillips (COP) has been mostly bullish since October 2005, having called it the best-of-breed integrated oil play over Exxon Mobil (XOM) and Chevron (CVX). Jim's steadfast endorsement of the stock wavered in late 2006 as crude oil plummeted from the mid-70's per barrel to the low 50's. As Cramer proclaimed on 11/17/2006, "COP is an inexpensive stock, but that does not make it a good stock. Oil is at 55, and COP should be at 58." The actual price of ConocoPhillips shares was 62 at the time. In June and July of 2007, he called it a triple buy, an "annointed stock" and responded to an emailer saying he wish he owned it for his charitable trust. Not long after, Cramer bought the stock for his "Action Alerts Plus" charitable trust.

Jim Cramer track record on COP