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February 4, 2010
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| 21:35 EDT |  | CPB |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer said, "There's money to be made in this panic." He reminded viewers that no one ever made a dime while panicking, and that just because everything is down, it doesn't mean it should be. Cramer explained Thursday's brutal market action by telling viewers that thanks to the proliferation of global futures markets and ETFs, stocks are now lumped into baskets, and often trade together even though they shouldn't. He said long gone are the days of fundamental securities analysis, which valued companies individually based on their own merits. Instead, today's markets simply trade the S&P500 ETF, and every stock in the average takes the hit. Cramer also explained that this trend is exasperated by large hedge funds, which trade ETFs and futures for the liquidity they offer. He told viewers to remain vigilant and look for bargains. Cramer said companies like Altria (MO), Visa (V) and Cisco (CSCO) didn't deserve the carnage they received Thursday, and that makes them cheap once the panic has passed. RECOVERY PLAY: Investors who owned shares of Botox maker Allergan (AGN) actually made money Thursday, Cramer said. He spoke with chairman and CEO David Pyott. Pyott said that Allergan has weathered the storm very well, thanks in part to strong sales in its eye care business, which accounts for 47% of sales. He said the company has also seen a 18% increase in its dermal filler products. Pyott said investors need to realize the value of the eye care segment and its new product Latisse. He says Allergan's competition in Botox only has low-double-digit market share and he is not concerned. Cramer called Allergan the best medical aesthetics company in the business and said the company is a great recovery play. Next, Cramer interviewed Richard Hill, chairman and CEO of semiconductor equipment maker Novellus (NVLS), a company at the heart of a new boom in technology. Hill said no factory can make chips without the equipment that they provide. He painted a very bullish picture for his industry, saying that he hasn't seen opportunities this good since the 1990s. Today, Hil said, the market drivers are emerging markets, anti-terrorism and gadget loving consumers. Hill dismissed arguments that a slowdown in China will hamper growth. After reporting a 6c a share earnings beat and offering bullish guidance, Cramer said Novellus is an integral part of his Mobile Internet Tsunami and he'd be a buyer. Then, Cramer sat down with Larry O'Donnell, president and CEO of Waste Management (WM). The comapny's natural decomposition process at 1100 of its landfills, is now powering over 400,000 homes in the U.S. The company also has over 400 collection trucks that are running on clean burning natural gas. LIGHTNING ROUND: (Bullish) MCD; C; PG; WN. (Bearish) BKC; MCRS; AIB; CPB; FTR. Reference Link :theflyonthewall.com |
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