Cramer made too many calls on the SELL BLOCK on CNBC’s MAD MONEY tonight, but here are some of his calls:
Hansen Medical (HNSN) is one that he said he’s be a pig not to recommend taking profits up $6.00, but Cramer said he’s going to focus on his losers:
Vulcan Materials (VMC) is one he thought would have a great quarter and it didn’t. Back then it was at $67 and then he said he would buy more over $100.00 but now it is off $8.00 and should be sold.
P&G (PG) is one that didn’t do well and it hasn’t integrated Gillette, he’d sell.
Allergan (AGN) is one he’s been touting but he didn’t anticipate that Medicis (MRX) would get FDA approval to compete. He still likes Allergan and you aren’t down, but he’d take some off the table because of competitors.
On Medco Health (MHS), they beat estimates but Cramer got in at the top and he said they sold off.
As far as Charter Communications (CHTR), he had the game plan wrong on the set-up, but he thinks its going higher. He’d stick with it.
Andersones (ANDE) is one he liked but they didn’t guide way up so it fell, he’d get out.
Estee Lauder (EL) benefitted from foreign sales but they did horrible here in the US.
Celgene (CELG) is one he isn’t sure about as far as if he got anything wrong on even though it sold off, but he’s bringing on the CEO for an interview. Cramer thought the earnings were good, but it sold off. Here are the CEO comments: "Strong top-line, investing up, thought it was well executed with a building ahead. They will launch in 30 countries for Revlimid and also got Phase III great data in new myeloma patients. As far as ASCO next month, the company will present more detailed data on myeloma for Revlimid but also for other tumors. $2.1 Billion cash and company can execute plans on their own and they don’t need to be acquired or even buy anyone." Cramer said he thinks this is a "Back up the truck" and buy into the weakness ahead of ASCO conference next month.
Jon C. Ogg
May 3, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Top Gaining Stocks
Top Losing Stocks