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Cramer's Take on Headline Stocks: July 29 - 8794 views
By Rebecca Corvino
Posted on July 29, 2009
Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer often reminds, investors must do their homework.
So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent RealMoney blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out what he thinks about some of today's newsworthy stocks.
WellPoint (WLP): WellPoint earned $693.4 million, or $1.43 a share, in its second quarter, down from $750.5 million, or $1.44 a share, in the same quarter las year.
On July 22 in his RealMoney blog, Cramer wrote:
"s this market a referendum on President Obama? When I see Merck (MRK) and Pfizer (PFE) go up and UnitedHealth (UNH) and Aetna (AET) sneaking higher, I think, wait a second -- we are smelling repudiation here.
"And repudiation means the whole group is still too low. That mean Wellpoint, Medco Health (MHS) and Express Scripts (ESRX) will be free to make a ton of money."
On July 7's http://www.thestreet.com/story/10536839/1/cramers-stop-trading-health-ca... " target="_blank">"Stop Trading!" segment, Cramer said it's a misconception that Obama's health care plans leave no opportunity in the sector for investors. Among others, he recommended WellPoint because of its low exposure to HMOs.
Microsoft (MSFT): Microsoft will enter into a partnership with Yahoo! (YHOO) in which Yahoo! will employ Microsoft's Bing search engine technology.
In a http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10554427.html " target="_blank">July 27 blog post, Cramer wrote:
"Something makes no sense to me. That something is the reaction from Dell (DELL) and Microsoft vis-Ã -vis Western Digital (WDC) and Intel (INTC). The latter two, often considered the hardware guts of personal computers, are on fire. Western Digital, a disc drive company, just hit a 52-week high. Amazing. Just a huge run. Intel's become an "up" stock, one that gets bought on every couple penny dip.
"Dell? Nothing. Dell's telling us the market's weak. Dell's saying that people aren't yet ready to buy personal computers. Microsoft was so downbeat about personal computer sales that you would have thought that Intel and Western Digital should have preannounced to the downside!"
Jones Apparel Group (JNY): Second-quarter earnings rose 20% year over year to $12.6 million, or 15 cents a share, and revenue was up 3%, in part due to a partnership with Wal-mart (WMT).
On his July 13 "Lightning Round" segment, Cramer said: "I'm not a big fan of retail, but if you have to own an apparel company, this is the one to have."
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Hewlett-Packard for his Action Alerts PLUS charitable trust.)