November 10th - TRMP MA

Cramer's first recommendation was Trump Entertainment Resorts Inc. (TRMP). Cramer said this could go up $5 but warned people that if they pay up after hours they won't be able to get much. He also put a longer term price target of $32.

Closing Price: $22.05
After Hours High: $23.10
Percent Increase at High: 4.8%
Price Level Off Point: $22.95
Percent Increase at Level Off Point: 4.1%
Trades On: NasdaqGM
Sector: Services
Days to Cover: 14.1
Short %: 11.17 %
% Held by Insiders: 46.56 %
% Held by Institutions: n/a

Cramer warned several times to not pay up for the stock because it will ruin the trade which dropped the stock down under $23 immediately. Cramer mentioned a November 14th meeting which should influence this stock (and the run up to that meeting) about a new casino. Of course this is slightly concerning if this is going to give momentum to the stock, but this is a large gain after hours that has pushed it past its 52-week high. The company also has negative EPS so the recent rise from the $17 level must be coming from this news so I wonder if it is already priced in. I expect a typical Cramer effect drop at the opening bell next week but wouldn't be surprised if it bounces right back up given Cramer's lofty price targets.

Next Cramer said MasterCard Incorporated (MA) is still a buy and going higher even though it has more than doubled since its IPO. The stock closed today at $89.20 so is too expensive, not to mention has too much momentum behind it.