Jim Cramer's Mad Money Review

The Fed Gets a Clue: Kellogg (NYSE: K - News), Schlumberger (NYSE: SLB - News), Kimberly-Clark (NYSE: KMB - News), Fannie Mae (NYSE: FNM - News)
Commenting on the Fed announcement, Cramer said, "What we got was, frankly, what we needed, and we rallied." The Fed decided to allow the interest rate to remain at 5.5%, a move Cramer says shows the Fed "may be heartless, but its not clueless." He predicts the Fed is heading towards a rate cut, which he thinks will happen in October. He also detected a hint at government intervention to solve the housing crisis, and Cramer thinks the Treasury Secretary or the President may ask Fannie Mae to help relieve some of the credit pressure. In the meantime, Cramer would buy defensive stocks such as K, SLB and KMB and would concentrate on oil, agriculture and infrastructure.
Getting Defensive: Unilever (NYSE: UN - News)
Cramer likes UN as a defensive stock to depend on in down times, because it a major producer of packaged foods, is international and therefore unaffected by US credit problems, and has a generous 3.6% dividend cushion. In addition, nearly a third of its sales come from emerging countries; "It's a play on people getting richer around the world," Cramer said. Since the stock has risen a bit, Cramer suggests letting it drop a few points before buying.
CEO Interview: Doron Gerstel Syneron Medical Ltd. (NasdaqGS: ELOS - News)
Cramer was puzzled that Syneron, which reported 52% US growth and 21% European growth, got hammered after its phenomenal quarter. The company also has a deal with Procter & Gamble to develop a non-invasive skin product and a fat remover. The mystery was solved when Cramer spoke with CEO Doron Gerstel who commented that everyone is jumping on the "aesthetic bandwagon; The main concern the market has is that it's looking at the competition, and more and more companies are doing initial public offerings," he said. "They're worried about saturation in the sector." Cramer commented this may be a cause for serious concern and suggested holding off buying ELOS until it becomes clear whether or not the company will be pressured by new IPOs.
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Labels: ELOS, FNM, Jim Cramer, K, KMB, Mad Money, SLB, UN

Bullish calls:
Huron Consulting Group (NasdaqGS: HURN - News): '....at its 52-week high...that one's got the mojo.'Accenture (NYSE: ACN - News): ' I think it's cheaper. I think it's better (than Infosys.)'Infosys Technologies (NasdaqGS: INFY - News): 'I think that that's a good one.'Monster Worldwide (NasdaqGS: MNST - News): 'The major newspaper companies are so hurting and so desperate ... They should pull the trigger, and you should pull the trigger.'Hasbro (NYSE: HAS - News): 'You've got to pull the trigger at Hasbro.'Mattel (NYSE: MAT - News): 'Hasbro and Mattel are cash machines. They make a ton of money. They are consistent growers.'Syneron Medical (NasdaqGS: ELOS - News): 'Everyone gave up on it, and I said stick with it. I truly and genuinely believe that their lasers are superior... I'm sticking with ELOS.'Guidance Software (NasdaqGM: GUID - News): 'We like that here, and I'm not gonna back away from it ... even though it's at $13.'
Bearish calls:
Disney (NYSE: DIS - News): 'They're doing a terrific job ... not exciting enough for this guy, so I'm going to go with some Don'tBuy action.'Charter Communications (NasdaqGM: CHTR - News): ' Now the stock's starting to come back down. ... When it gets to $3.60, $3.70, I'm right back in Charter.'
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Labels: ACN, CHTR, DIS, ELOS, GUID, HAS, HURN, INFY, Jim Cramer, Lightning Round, MAT, MNST

Good As Golden Star Resources (AMEX: GSS - News)
Cramer likes GSS as a way to play the CNBC Million Dollar Portfolio Challenge. The company operates in South America and Africa, and is therefore highly speculative, but has a large mine in Ghana, "an island of stability." The bears are worried about a sulfide-processing plant GSS is building in Ghana, but Cramer thinks investors should use this anxiety as an opportunity to buy. He predicts the announcement of a new plant, which will double production and lower costs, will be sooner than expected. With this news, analysts will raise their numbers and the stock will go higher. Cramer also believes GSS may be taken over, and he likes the sector, since gold is moving up. Cramer would not swap out of best-of-breed Yamana to buy GSS, but likes the price at $4.46, and urges investors to use limit orders when buying.
Laser King: Ionatron (NasdaqGM: IOTN), Palomar Medical Technologies (NasdaqGS: PMTI), Syneron Medical (NasdaqGS: ELOS), Cynosure (NasdaqGM: CYNO)
Cramer noted that last Friday's laser pick, IOTN has risen 17% since his recommendation, and he decided to choose a new "laser king." Cramer has liked PMTI in the past and declared ELOS the "czar of lasers" when he was discussing cosmetic laser procedures. Now CYNO wears the laser king crown, since it has doubled while ELOS hasn't moved. In addition, CYNO has 30% growth and is levered to the rest of the world. Cramer added he prefers "a performer that's pricey" to "an underperformer that's cheap." PMTI is Cramer's second-best pick, but is more costly than CYNO, and he likes ELOS, but doesn't see it going up in the near future.
Game Plan for the Coming Week: Fluor (NYSE: FLR - News), McDermott International (NYSE: MDR - News), Foster Wheeler (NasdaqGS: FWLT), CVS/Caremark (NYSE: CVS - News), Dynegy (NYSE: DYN - News), Nabors (NYSE: NBR - News), Halliburton (NYSE: HAL - News), Parker Drilling (NYSE: PKD - News), Forest Oil (NYSE: FST - News), L-1 Identity Solutions (NYSE: ID - News), Precision Castparts (NYSE: PCP - News), Six Flags (NYSE: SIX - News), Syntax-Brillan (NasdaqGM: BRLC)
Cramer suggesting looking at infrastructure, especially MDR, FLR, and FWLT which are "terrific" companies and which should benefit from high oil prices. He would establish half a position before their reports and half after, and would buy the stocks on any weakness. On Monday, he would also buy FST. Cramer praises CVS as having "valued itself even further into the health care heaven" with its cheap Caremark purchase, and would buy ahead of its Tuesday report, adding he also likes DYN. PKD, which also reports on Tuesday, may be bought by NBR or HAL which discussed expansion during their conference calls, Cramer commented. His Wednesday picks include ID, PCP and SIX. Since the LCD TV sector is improving, Cramer likes BRLC which reports on Thursday after the markets close.
CEO Interview: Nolan Archibald, Black and Decker (NYSE: BDK - News)
Nolan Archibald says BDK's report was strong because of the company's "great brands and innovative products" which thrive in down times. BDK is featuring new Dewalt brand products including concrete breakers, hammers and generators. Archibald added the company is going to continue buying back shares. Cramer commented BDK is "the real deal" and sees it rising from $92.36 to $100.
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Labels: BDK, CVS, CYNO, DYN, ELOS, FLR, FST, FWLT, GSS, HAL, ID, IOTN, Jim Cramer, Mad Money, MDR, NBR, PCP, PKD, PMTI, SIX

Bright Smile: Syneron Medical (NASDAQ: ELOS - News) with Palomar (NASDAQ: PMTI - News)
After telling people to swap out of ELOS into what he had thought was best-of-breed laser company Palomar, Cramer says Syneron is going to make a comeback after having been written off by The Street following two lackluster quarters. The stock was in the mid-40s, but is now sitting at $25.70, has an average of 30% revenue growth and is up46% in operating margins. Cramer likes ELOS because it has a major catalyst, dental laser, which will mean significant growth for the company. In addition, ELOS could be a takeover target. Cramer says the worst is over for this cheap stock and it is "ready to run."
DivX (NASDAQ: DIVX - News) Delay
Although he called DivX "the hottest of the hot" and the stock is up 52% since he recommended it in September, Cramer would wait on DivX. This compay has a deal with Google and is expanding into Eastern Europe and India, but has limited upgrade potential, since analysts give it four buys and one hold. Although there won't be a major selloff until its lockup expiration on March 22, Cramer believes that not many people will want to get into DivX until after that date. In addition, a second offering could crater the stock. "I don't want you in DivX for the next few months," Cramer said, addomg that he likes the stock cheaper.

Mad Mail: Trump Entertainment (NASDAQ: TRMP - News) and Gap (NYSE: GPS - News)
Cramer regretted making the prediction that TRMP would get a license to build a casino in Philadelphia, and said investors could hold onto the stock, but it probably won't be moving until summertime. Concerning GPS, Cramer doesn't want to be for or against it and said that it has no leveraged buyout on the horizon.
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Labels: DIVX, ELOS, GPS, Jim Cramer, Mad Money, PMTI, TRMP