Cramers Mad Money Stocks 11/17/08

Cramer Highlights

  • Cramer Asks Himself: “Am I too negative?” His reply – “No, I don’t think so.”
  • Every time the Dow Jones Industrial Average bounces off its lows of 8,200, Cramer really wants to be a bull.
  • But reality returns and Cramer realizes the bad news is still getting worse, not better.
  • The federal bailouts have prevented the economy from completely falling apart, however they still haven’t addressed the real problem of home price deflation, and they have not created a single new job.
  • While falling gas prices may give consumers much needed reprieve, dismal retail sales numbers prove that the consumer is still not spending.
  • Cramer said the fact of the matter is things aren’t really improving.
  • Home builders are still turning out new homes as fast as they can.
  • The fate of GM (General Motors) lingers over the economy like a huge black cloud.
  • What woukd change his mind on the markets? Interest rate cuts in China and Europe, or a resolution to the GM crisis.
  • Until then, he believes there are just too many negatives.
  • Cramer took a hard look at his basket of green stocks to see if his green thesis still holds up in a cheap oil world.
  • The green basket included such stocks as FSLR – First Solar, FWLT – Foster Wheeler, SGR – Shaw Group, MEMC – MEMC Technologies, BWA – BorgWarner, TTEK – TetraTech, OMG – OM Group and FTEK – Fuel-Tech.
  • Since Cramer first highlighted the green stocks on April 16, 2007 and Nov. 6, 2008 the stocks enjoyed a 65% gain on average.
  • Since Nov. 6, as oil and natural gas prices have plummeted, so have the green alternatives.
  • The green basket is now down 37% from April 2007 to today.
  • Green stocks have fallen before, but never as quickly as in recent weeks.
  • The U.S. now only relies on renewable energy for just 6% of its energy, on par with that of 1977.
  • Cramer blamed today’s fall in green stocks on lower oil prices along with forced selling by ailing hedge fund investors.
  • With President-elect Barrack Obama clearing in the ethanol camp, he sees little chance for a resurgence for the natural gas alternative or in any of the wind or solar plays anytime soon.
  • Cramer Outrage of the Day: Cramer took issue with the Securities and Exchange Commission.
  • Instead of going after those responsible for trillions of dollars in bank and investment losses, it took aim today took aim at celebrity investor Mark Cuban for insider trading.
  • Cramer said if found guilty, Cuban deserves punishment, but called the move by the SEC an amusing sideshow among unprecedented other issues.

Here’s the list of stocks from Cramer’s Mad Money Show for Monday, November 17, 2008.

Note: Dow stocks mentioned tonight: None tonight!

Thumbs up for these stocks………….
CPB – Campbell Soup
DUK – Duke Energy
GIS – General Mills
NAT – Nordic American Tanker
TAP – Molson Coors
WY – Weyerhaeuser

Thumbs down for these stocks………..
AEE – Ameren
AET – Aetna
CAG – Conagra Food
CBI – Chicago Bridge & Iron
FRO – Frontline
MER – Merril Lynch


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