August 21st - NOV SQM AHS

Cramer took a look at pricing power during supply shortages and in raising prices they can raise and then beat their earnings. The first play was the shortage of oil rigs and Cramer said day rates are going higher even though the analysts are saying that day rates are going lower. The pick Cramer made was NOV National Oilwell Varco, Incorporated which closed today at $66.78, which is too high to consider shorting off a Cramer recommendation in my opinion.

Cramer then looked at the lithium shortage which was highlighted by the DELL laptop battery recall and recommended SQM Chemical & Mining Co. of Chile Inc. SQM closed today at $107.89, which is again, far to expensive. Of note though, it only traded 4,600 shares all day today.

Cramer's final shortage play was based on a nursing shortage and picked AHS AMN Healthcare Services Inc. which is a company that "sells" nurses. Closing Price: $22.02
After Hours High: $22.67
Percent Increase at High: 3.0%
Price Level Off Point: $22.50
Percent Increase at Level Off Point: 2.2%
Trades on NYSE
Sector: Services
Short %: 8.2%
Days to Cover: 7.0
% Held By Insiders: 1.39%

The volume picked up slowly after hours and had a decent spike in price that held pretty well around $22.50-$22.60. The stock finished strong today up $0.44 and closed just shy of its high for the day. Looks like a good shorting opportunity right at 9:30am tomorrow morning as the stock is lightly traded on average (413,000/day on average) which could lead to a spike at the opening bell if there are a lot of buyers. Also, on more of a long term outlook, there has been plenty of insider selling according to Yahoo! Finance. Maybe cashing in near the stock highs?