Jim Cramer's Mad Money Review

Kroger (KR): "I'm concerned about the supermarkets. The margins are getting squeezed. I cannot endorse that group."
First Solar (FSLR): "First solar remains the least expensive way to play solar. I want you to stay in it, but I want you to buy more at a lower price."
Imax Corp (IMAX): "I've been wrong on this one. It's been moving, but I still won't recommend this one. "
Sina Corp (SINA): "I have been staying away from China. It's too explosive and too crazy, I don't want to lose people money."
Fluor (FLR): "This stock exploded last week and then went up again today. Ring the register and get into Foster Wheeler (FWLT). This one's just too expensive."
International Paper (IP): "No, no, I like Weyerhaeuser (WY) more, and I like Temple-Inland (TIN) more. IP is just not well run."
Emcore (EMKR): "Fiber-optic play, over-crowded segment. I don't want to go with that one. I like ADC Telecommunications (ADCT) and that's it."
Reliant Energy (RRI): "I don't know. It's not my favorite. I'd steer you toward Dynegy (DYN) instead."
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Labels: ADCT, DYN, EMKR, FLR, FSLR, FWLT, IMAX, IP, Jim Cramer, KR, Lightning Round, Mad Money, RRI, SINA, TIN, WY

In November, 2007, Cramer identified five stocks that he felt were made of Kevlar and could withstand the ailing economy and sub-prime mortgage crisis. To date those five stocks are up 8.8%, while the S&P 500 is down, 3.3%.
Cramer said it wasn't smooth sailing for his "bullet-proof" stocks at the start. Just a week after he mentioned the names, the portfolio was down a quick 6%. "But that's the point," he said, "we bought these stocks because they bounce back."
Cramer's first pick in his portfolio is Altria (MO), a stock which he owns for his charitable trust Action Alerts PLUS. Since the recommendation, Altria has spun off its Phillip Morris International (PM) division, and collectively the stocks are up 4.7% since November.
Cramer said he's a fan of both companies, especially Altria's 5% dividend yield.
Next on the list was Freeport-McMoran (FCX), another stock which he owns for his charitable trust Action Alerts PLUS.
Cramer called Freeport, which is up 11.9% since he mentioned it, the best copper story in the world.
Third in the portfolio was another Action Alerts name: Foster Wheeler (FWLT). Although Foster has been a laggard in the portfolio, down 1% since November, Cramer said the company is still levered to high energy prices around the world and here too and he's been buying more shares.
Fourth was Transocean (RIG), the star performer in the group, up 27.6%. Cramer called Transocean the best deep-water contract driller out there with great earnings visibility. He advised viewers to take some profits, but remained bullish on the company.
Finally, Cramer revisited Medco Health (MHS), a stock which is up just 0.7% since the November mention. Cramer said that while Medco makes its money whether or not the economy does well, it has more competition that he originally thought and perhaps the traditional defensive stock wasn't right for this portfolio. He told viewers "if it rallies, I'd sell it."
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Labels: FCX, FWLT, Jim Cramer, Mad Money, MHS, MO, RIG

On Monday's show, Cramer started with his reasons that the market has not hit a bottom yet. He does not think that the Fed will continue to cut rates, and that mortgages and weak consumers will hurt stocks. Cramer thinks this is a time to preserve capital, not go on the offensive in this market.
Cramer then went to the phone lines. The first caller asked whether options expiration will cause the market to fall further, and Cramer said that he thinks tomorrow is the time to pick up some of the good stocks that have been hit the hardest over the past few days. Second caller asked Cramer how a weak dollar helps the economy, and what companies are in the best position to take advantage of it? Cramer said that he thinks the dollar is about to bottom, so he doesn't want anyone to try and profit off of a weak dollar now. The next caller asked if now is the time to buy a stock like Sandridge (SD), and Cramer said that he wants you to buy high quality oil stocks that pay high dividends before looking at a stock like that one.
Cramer then gave his pick for a stock that could give a cautious portfolio a boost when the market turns around and that stock was Apache (APA). Cramer has been pushing this stock since July, and he is still behind it because it can maintain its earning multiple. The CEO of the company was on the show to talk about the company's plans for the future, and his opinion on the price of oil.
Cramer came back fromt he lightning round and reviewed a duel between two analysts over Wyeth (WYE). One analyst upgraded the stock, and another analyst downgraded it at the same time. Cramer agrees with the analyst who upgraded the stock since he is bullish at this time. Cramer likes WYE because it is a defensive stock, people will want to own it if a recession hits, and they are buying back stock.
Mad Mail: The first email asked about E*Trade (ETFC), and Cramer said he wants people to stay away from it. The next email asked about Foster Wheeler (FWLT), and Cramer said that although it is a great company, the stock is losing momentum in this market. The next email asked about Cramer's Dow prediction, and he said that his prediction was based on the Fed cutting rates further, which they seem unwilling to do. The next email asked about NRG's (NRG) storage of spent fuel rods, and Cramer said that he should have asked the CEO that question when he was on the show. The last emailer asked about ways to profit from the reduction of the crack spread as oil prices decline, and Cramer said he thinks the best play on that idea is Marathon (MRO).
Sudden Death. In sudden death Cramer was bullish on Sirius (SIRI), Nordstrom (JWN), and Aecom (ACM). Cramer was bearish on Acadia Pharmaceuticals (ACAD).

Labels: APA, ETFC, FWLT, Jim Cramer, Mad Money, Mad MOney Recap, NRG, WYE

Today's show began by Cramer telling us how to survive a recession caused by the real estate market because of the sell off that has happened the past two days. He said that you should sell any stock that has anything to do with housing, home building, finance, consumer spending, and any company that needs to borrow money to do business.
Then Cramer went to the phonelines. The first caller asked if we should be concerned about inflated assets being held by financial stocks, and Cramer said that these companies don't know what they are holding and that the industry is in disarray. Next caller asked about the price of oil, and Cramer said he is sticking with his $100 per barrel prediction. The last caller asked if Cramer still recommends investing in gold, and Cramer said that he thinks you should keep 10% of your portfolio in gold and gold related stocks.
Cramer then gave some stocks that he thinks will do well even if a recession happens. Altria (MO) has a large international business, a strong dividend, and its product is in high demand. The next stock is Freeport McMoran (FCX), which is also has good international sales and might be a buyout target in the near future. The next stock is Foster Wheeler (FWLT). Cramer likes this stock because it had a great 3rd quarter and he could see it doubling because it is strong in green businesses and oil. Cramer's next stock is Transocean (RIG), which Cramer likes because it will merge with GlobalSantaFe (GSF) and because it makes all its money overseas. Finally, Cramer likes MedcoHealth (MHS) because it is a medical cost containment play. ALl of these stocks were up today, even though the market was down.
After a break, Cramer took a few more calls. The first caller asked about the effect of China's plan to sell dollars, and Cramer thinks it is a lot of talk without any action. The next caller also asked about the falling dollar's effect on foreign investment, and Cramer said that he thinks a weak dollar gives international companies a chance to invest in the US.
"Sell Block." The first stock was Under Armour (UA) because it has lost its momentum, and Cramer doesn't think it will come back. Cramer also thinks you should sell (PMI), (MGIC), (MTG), and (ABK) if you own them because they will be drug down by the mortgage problems despite the fact that they look cheap now. He also thinks some of them might go out of business.
Mad Mail: One email asked about the shippers reporting earnings next week, which are (DRYS), (FRO), (EXM), and (TBSI), and Cramer said to buy half your position now and wait until after earnings to buy the rest. Another email praised Cramer for his interview with the CEO of Nastech (NSTK) yesterday, and Cramer said he can't sleep because he got that stock so wrong.
Cramer said it might be time to buy some more tech, such as Cisco (CSCO) and Google (GOOG).

Labels: CNBC, FCX, FWLT, GSF, Jim Cramer, Mad Money, Mad MOney Recap, MHS

On Tuesday’s show, Cramer focused on green stocks that are good investments. Cramer reviewed his green picks from back in April to see how they had done since then.
Shaw Group (SGR): It is up 143% from about $30 to $74 since April.
Foster-Wheeler (FWLT): It is up 99% since April and had great earnings last quarter.
BorgWarner (BWA): It is up 38% since April, and Cramer thinks it will go higher because it has an increasing backlog.
OM Group (OMG): This is the only stock that is down since April, falling 5%. Cramer thinks the stock has started to bounce back from its lows already.
First Solar (FSLR): The stock has climbed 171% and Cramer is still bullish, but wants you to wait until after it reports earnings on Wednesday before buying more.
Fuel Tech (FTEK): This stock is up 35%, but guided down after reporting earnings Tuesday morning.
MEMC (WFR): This stock is up 20% since April and Cramer thinks the company will grow 52% over the next two years.
Tatra Tech (TTI): It is up 14% since April, and Cramer thinks it will keep going up slowly but steadily.
Cramer thinks every one of these stocks will go higher, and thinks that going green is good for business.
Cramer then went to the phone lines. The first caller asked about Zoltek (ZOLT), and Cramer said that although he recommended this stock a while ago he pulled out because he thought he was getting greedy. He now thinks this stock will keep going up. The second caller asked about BP (BP), and Cramer doesn’t think you can own this company because of its green initiatives. The next caller asked about SunPower (SPWR) and Cypress (CY), and Cramer said that Cypress is safer, but he likes both stocks.
The CEO of Wells Fargo (WFC) was on the show to talk about their alternative energy investments and positions, as well as the prospects. Cramer said this is the only banking stock he wants you to buy.
“Am I Diversified?”
The first email asked about UBS (UBS), and Cramer said that he has messed up with every financial pick he had made recently, and thinks you should wait until the stock hits $45 before you buy. The next email asked about Oceaneering International (OII), and Cramer said he didn't like the most recent earnings call. The next email asked if the recent investment in Tesoro (TSO) by Kirk Keorkian's was a bet that oil will drop, and Cramer said that could be right, but that TSO could drop if oil prices decline. The final email asked about lululemon (LULU), and Cramer said he wants nothing to do with the stock since it has gone up so much.

Labels: BP, BWA, CY, FSLR, FTEK, FWLT, Jim Cramer, Mad Money, OII, OMG, SGR, SPWR, TTI, UBS, WFR, ZOLT

Bullish
Proctor and Gamble (PG), better play than Unilever in this sector.
ValueClick (VCLK), Cramer thinks that this stock is still a buy.
UPS (UPS), bullish on the stock over the long term despite the current slowdown in the economy.
Omniture (OMTR), Cramer is bullish on the stock, and thinks that it will get bought out in the next year.
Aecom (ACM), still a great infrastructure play and that it is still cheap.
KBR (KBR),
Foster Wheeler (FWLT),
Salesforce.com (CRM) - likes their product and their sales model
Oracle (ORCL).

Bearish
Taser (TASR) - it is time to cash out
Smith & Wesson (SWHC).

Labels: ACM, CRM, FWLT, Jim Cramer, KBR, Lightning Round, Mad Money Lightning Round, OMTR, ORCL, PG, VCLK

Fluor (FLR), Shaw (SGR), Bunge (BG), Foster Wheeler (FWLT): Cramer says Fluor, which is GE's infrastructure business, is on fire as is the sector and that FLR is a great way to play the Middle East; "Look at that chart! It's the north face of Everest!... It's into thin air... We're at base camp three!," remarked Cramer, while reminding viewers FLR is down $6-7 from its high. In addition, investors who want nuclear energy should look at SGR, which has doubled but is still processing many orders, as well as Foster Wheeler, which Cramer has been recommending for 100 points. He noted Bunge is finally "exploding."
Wells Fargo (WFC), US Bancorp (USB): While Cramer thinks WFC is alright, he noted they had high home equity losses. Even though USB had 4% home equity losses, it was "far more ahead of the game," and Cramer thinks USB is a buy, especially since Buffett has a stake.
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Labels: BG, FLR, FWLT, Hot Stocks, Jim Cramer, SGR, Stop Trading, USB, WFC

Bullish
Indevus Pharmaceuticals (IDEV): I recommended this as a speculative play.
Nastech Pharmaceutical (NSTK)
Great Lakes Dredge & Dock (GLDD): I recommended this
Foster Wheeler (FWLT) than I would be in GLDD
Halliburton (HAL): If you're looking for a stock to keep you afloat, it can't be Haliburton.
AT&T (T)- Stock that has a dividend.
Verizon (VZ)
ConEd (ED). Any one of those is better than Halliburton
GameStop (GME): Cramer was hoping we would get a chance to buy it at $56, but it's not gonna go there.
Transocean (RIG), Diamond Offshore (DO), China Digital (STV), McDonald's (MCD), Yum! Brands (YUM), Intel (INTC) and ConocoPhillips (COP).

Bearish
Great Lakes Dredge & Dock (GLDD)- would rather be in Foster Wheeler (FWLT)
InterDigital (IDCC)- ixnay on InterDigitalnay.

Labels: ED, FWLT, GLDD, GME, HAL, IDEV, Jim Cramer, Lightning Round, Mad Money, NSTK, RIG, T, VZ

Cramer opened saying the Fed "knows something" and retired his "they know nothing button," in response to the Fed lowering interest rates by 0.5%. They also decreased the discount rate by 50 basis points to 5.25%. Cramer also believes there are "three more rate cuts" to come in the future, which will lead the market to recovery. Look for stocks that yield more than treasuries. In terms of stocks, Cramer said, "almost everything works now," and you should consider buying the following stocks:
Wachovia (WB) "should go higher."
Google (GOOG), Cramer believes is going to break out.
Foster Wheeler (FWLT), Deere (DE), Caterpillar (CAT- which Cramer owns for his charitable trust Action Alerts PLUS) should work now as well.
ExxonMobil (XOM) and ConocoPhillips (COP)—should both work for oil.
Bullish Icahn: one of his favorite activist investors is "proven winner" Carl Icahn. Cramer says Icahn's been "extremely bullish" on one big software company: BEA Systems (BEAS). Icahn wants BEAS to sell because they haven't been able to prosper as a stand-alone company. Bottom line: Cramer likes fundamentals of BEAS, takeover is potential, and is a company with "limited downside."
Prescription Plan: Cramer discussed a bill that passed in Congress that will require doctors to use either tamper resistant paper or electronic records. He thinks will benefit Quality Systems (QSII) and All Scripts (MDRX).
Genesis Lease (GLS), CEO John McMahon on the show and Cramer asked him why his company is not doing well, despite the fact that its’ 8.2% yield. McMahon said, “mispricing of the stock.” Cramer recommends buying GLS.

Labels: BEAS, CAT, COP, FWLT, GLS, GOOG, Jim Cramer, Mad Money, Mad Money Lightning Round, MDRX, QSII, WB, XOM

Aecom (NYSE: ACM - News), Fluor (NYSE: FLR - News), KBR (NYSE: KBR - News), Foster Wheeler (NasdaqGS: FWLT - News): On the news of the disastrous collapse of the interstate highway bridge in Minnesota, Cramer would buy ACM, FLR, KBR and FWLT. The issue of infrastructure has been a pressing one for a long time, and as a result, these companies have "great order books." While there hasn't been much trading in these stocks, they are good long-term investments.

Labels: ACM, FLR, FWLT, Jim Cramer, KBR, Stop Trading

Bull Meat Barbecue
Although Thursday's selloff resembled a "bull meat barbecue," Cramer encouraged viewers not to lose heart and reiterated his principle that there is always a bull market somewhere. He made a checklist of three kinds of stocks to avoid: Stocks, such as housing, which need low interest rates to go higher, stocks (restaurants, retail etc.) with too much leverage to the domestic economy, and companies which must borrow to make an acquisition. Cramer emphasized the importance of selling these stocks, especially for those who did not lighten their portfolios before the selloff and those who cannot take the pain and wait for these sectors to recover.
Game Plan for Next Week: Pepsi (NYSE: PEP - News), Colgate (NYSE: CL - News), Kellogg (NYSE: K - News), Kimberly Clark (NYSE: KMB - News), Caterpillar (NYSE: CAT - News), Foster-Wheeler (NasdaqGS: FWLT - News), Freeport McMoRan (NYSE: FCX - News), Schlumberger (NYSE: SLB - News), Halliburton (NYSE: HAL - News), Boeing (NYSE: BA - News), Bunge (NYSE: BG - News), Monsanto (NYSE: MON - News), Dell (NasdaqGS: DELL - News), Hewlett-Packard (NYSE: HPQ - News), Cisco Systems (NasdaqGS: CSCO - News), Celgene (NasdaqGS: CELG - News), Merck (NYSE: MRK - News), Medco Health (NYSE: MHS - News)
Because on The Street, a trauma does not usually follow a trauma, Cramer expects a bounce at least by Monday, and would get rid of financials, retail and restaurants and buy soft goods, such as PEP, CL, K and KMB. Dismissing worries of a potential worldwide slowdown, Cramer likes machinery and mining, particularly CAT, FWLT and FCX. He also recommends oil, although natural gas has been tricky, and his picks are SLB and HAL. Cramer's favorites among aerospace and agriculture include BA, BG and MON, and he adds the tech sector has been hot and would buy DELL, HPQ and CSCO. In the healthcare sector, he especially likes CELG and MHS and doesn't mind MRK.
Pscyhed Up with Sycamore Networks (NasdaqGM: SCMR - News)
After the selloff devastation, there is still one thing Cramer can count on; that tech will continue to thrive in the late summer as it does every year. Cramer likes SCMR as a speculative telecom tech stock, since the company has almost a pure play on optical services. SCMR is not best-of-breed, but he is still bullish because SCMR does not yet have any analysts covering it and he likes SCMR's floor; it's at $4 a share but has the equivalent of $3.23 a share. In addition, the company's sales have been rising and 60% of its revenue is international. While SCMR is not as strong as Cisco or Cienna it could make investors more money.
Mad Money: Hoku Scientific (NasdaqGM: HOKU - News), Genzyme (NasdaqGS: GENZ - News), Celgene (NasdaqGS: CELG - News)
When a mailer asked about Hoku, Cramer recalls having recommended it at $6, and it has recently dropped from $11 to $8. At this level, Cramer says, it is too speculative, but he thinks it will repeat its upward trend after it falls back to $7 or $6. Another mailer wanted to know Cramer's opinion of GENZ; while the fall is good for biotech in general, he prefers Celgene to GENZ. On the issue of whether Freeport McMoRan's report of strong cash flow will be good for Caterpillar, Cramer says he likes CAT, but it has been hit hard for its North American exposure. While he says CAT is "your best play" he adds currently he is "loathe to buy more."
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Labels: BA, BG, CAT, CELG, CL, CSCO, Dell, FCX, FWLT, HAL, HPQ, Jim Cramer, K, KMB, Mad Money, MHS, MON, MRK, PEP, SLB

Six Bulls: John Deere (NYSE: DE - News), Monsanto (NYSE: MON - News), Sociedad de Chemica (NYSE: SQM - News), Caterpillar Inc. (NYSE: CAT - News), Terex (NYSE: TEX - News), Manitowoc (NYSE: MTW - News), Foster Wheeler (NasdaqGS: FWLT - News), McDermott International (NYSE: MDR - News), Jacobs Engineering (NYSE: JEC - News), Boeing Co. (NYSE: BA - News), Halliburton (NYSE: HAL - News), Royal Dutch Shell (RDS-A), Exxon Mobil (NYSE: XOM - News), Freeport McMoran (NYSE: FCX - News), Lundin Mining (AMEX: LMC - News)Cramer dedicated the program to discussing six bull markets and recommending stock picks for each sector.Agriculture: Cramer commented on a "disturbing" editorial in the New York Times which called for an end to agricultural subsidies, but he is confident the policy will never be enacted. Cramer calls Deere "money in the bank" and notes that it sells at 16x earnings and has a 12% growth rate. While Monsanto, which trades at 35 x earings "will never be cheap," Cramer says its 24% growth rate is worth the price at $60, and he would buy it up to $70. The Chilean fertilizer company, SQM, is the world's largest supplier of lithium which goes into batteries and will be in shorter supply as "the greening movement reaches its nauseating zenith."Machinery While he confesses amazement that CAT is stalled, Cramer says it is "preposterously cheap" trading at 13x earnings with 12% growth. He adds CAT has great international exposure, will benefit from the collapse of its Japanese competitors, and is a solid infrastructure play. While he also likes TEX and MTW, Cramer thinks CAT is still best-of-breed.Infrastructure: Cramer calls this the "wildest" bull market which will benefit from oil prices and the need to create alernative power plants and petroleum infrastructure. Even though Foster Wheeler and McDermott International have had "tremendous runs" Cramer notes FWLT sells at just 17x next years earnings with 34% growth, and MDR has 14% growth and sells at 17x earnings. He adds these stocks do not get enough coverage on Wall Street, and would buy them. Cramer gives Jacob's Engineering and honorable mention, although is more expensive than the other two.Aerospace:Boeing is up only 10% when the rest of the sector has risen 22%, and Cramer comments, "It's a laggard. It should be leading." Boeing sells at 20x earnings and has 18% growth. He thinks the company has a good future given the health of the sector, its international business, and some "amazingly-terrible problems at AirBus."Oil and Gas: After a run for this sector, it was down on Tuesday; "People are just thinking it's over, because oil is down 2 bucks," said Cramer and he expressed confidence that the sector would bounce back. In spite of its "giant" buyback, "robust" outlook for oil and gas and its international exposure, Cramer notes HAL is down 12% from last year. Cramer likes Royal Dutch Shell with 10x earnings, 8% sales growth, and a yield at nearly 4%. While Exxon Mobil was down on Tuesday, it is still "a go-name for big institutions."Minerals: Cramer says rumors of full copper inventories are "nonsense," because the Chinese need more copper. He likes copper play FCX and says its gold is a good hedge against inflation. He notes the company sells at only 9x earnings, but he predicts a 12x multiple. Cramer added the quarter was not good due to strikes and the cost of its Phelps Dodge deal, but predicts it will benefit from copper demand. He also likes Lundin which he thinks will go from $12 to $15 on the Tenke Mining deal in late June.Published By SeekingAlpha

Labels: BA, CAT, DE, FCX, FWLT, HAL, JEC, Jim Cramer, LMC, Mad Money, MDR, MON, MTW, SQM, TEX, XOM

It's For Real: Herbalife (NYSE: HLF - News)
Cramer regrets having been negative on HLF, which he says is not a typical multi-level marketing scheme and deserves his respect. The company's first quarter earnings were better than expected and delivered in-line, beatable guidance for the second quarter. HLF was granted permission to market its product in two Chinese provinces, has a high-margin business model and "enormous" cash flow. In addition, HLF's $300 million buyback has been approved, and it has a new 2% dividend. The fact that HLF sells at 10% less than its rivals does not make sense to Cramer, who says that situation will not last. Cramer declares HLF is a triple buy, but would not make a move until after the open, because the price higher early.
The Next Foster Wheeler (NasdaqGS: FWLT), with AECOM Technology (NYSE: ACM - News)
FWLT went up beyond Cramer's wildest expectations and now he feels it is time to pick "another Foster Wheeler." Because the tape was "miserable on Friday" the day of its IPO, the stock opened way below the $25 level which Cramer thinks it would be trading now. He considers this low start as an opportunity to buy. ACM has many important contracts, including a rapid transit system at the World Trade Center and plans for the 2012 London Olympics. Cramer says the key metric when it comes to infrastructure is the backlog. Currently, ACM's backlog is up 63%, which means steady sales, according to Cramer. He would buy the stock, but would do some research first.
The "Multiple Expander:" Mark Hurd, CEO of Hewlett-Packard Co. (NYSE: HPQ - News)
Continuing his series on "transformational CEOs," Cramer discussed Mark Hurd, the "multiple expander" of HPQ. Hurd found the company in "total disarray" and helped the stock double in only two years. Recently the company exceeded its earnings estimates and delivered an upside surprise; Cramer gives Hurd the credit.
CEO Interview: Gary Loveman, Harrah's Entertainment (NYSE: HET - News)
Gary Loveman discussed the advantages of going private; management is not distracted on extraneous tasks, but can concentrate on "things that really do build value" in the long term. "The company is being run now to a large degree as if it's private, so I'm living a bit of it now," Loveman said. "It opens up other avenues for value creation." In addition, a company can save and "mature gracefully," whereas if a company is public, it constantly has to worry about the bottom line.
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Labels: ACM, FWLT, HET, HLF, HPQ, Jim Cramer, Mad Money

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

Dynegy (NYSE: DYN - News), Mirant (NYSE: MIR - News), NRG (NYSE: NRG - News), Foster Wheeler (NasdaqGS: FWLT): Cramer predicts DYN will go to $13 from $10 and comments CEO Bruce Williamson is "fabulous" and doesn't get enough credit. Although DYN has doubled, people are still not paying attention. He also likes FWLT as a great way to play nuclear and notes stocks like DYN and FWLT are no longer hostages to oil, which is declining while these names are on the rise. News that Mirant is for sale will bring up NRG, which is also doing well on a positive note from Jeffries, notes Cramer.
D.R. Horton (NYSE: DHI - News) and Pulte (NYSE: PHM - News): Cramer praised Ivy Zelman of Credit Suisse for her downgrade of DHI and PHM and called her report "eye opening." In brief, her research indicated DHI and PHM "could go much lower, and book value seems to mean nothing." Zelman predicts a 15%-20% decline for homebuilders who haven't sufficiently reduced their land holdings.
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Labels: DHI, DYN, FWLT, Jim Cramer, MIR, NRG, PHM, Stop Trading

Bullish calls:
Sears (NasdaqGS: SHLD)Monsanto (NYSE: MON - News): 'The bears and the analysts refuse to get behind this stock ... They think it's overvalued as a chemical stock. It's part of the ag play ... hybrid corn seeds, in a world where we are short corn seeds. MON is not done going up. I would be an aggressive buyer right here at $59. ('mon-back sound).'Agrium (NYSE: AGU - News)Deere (NYSE: DE - News)Spartan Motors (NasdaqGS: SPAR):' I want you in SPAR. That's the one to pull the trigger on right now.'Virgin Media (NasdaqGS: VMED): 'I want VMED to be bought here! VMED is the play for cable in Europe, in London... It has been stalled here ... I think you want to pull the trigger on VMED. I like it as much as ever. All aboard.'Time Warner (NYSE: TWX - News): 'Other cable companies - notably CMCSA and TWX - have started to move back up.'Comcast (NasdaqGS: CMCSA) Research In Motion (NasdaqGS: RIMM): 'RIMM hit a 52-week high today ... Almost no other tech stock I follow has done that. I think it's a sign of strength ... I bet RIMM is having a great quarter. They have survived every single war imaginable. I'm not backing away. I still like the stock. I would still be a buyer. Buy, buy, buy!'Toyota Motor (NYSE: TM - News): 'The stock is stuck... It's been hurt by weak sales of Tundra - their F-150 competitor... It's also been hurt by a strong yen ... That's a mistake. $126? Come on. I'm doing a triple buy.'Hexcel (NYSE: HXL - News): 'HXL is engineered product. That stock is down more than 20% from its high? That's a colossal mistake. Buy, buy, buy!'Allegheny Technologies (NYSE: ATI - News): 'Did you know that ATI - my stock of the year last year - another new high today! That one's a winner.'Foster Wheeler (NasdaqGS: FWLT): 'FWLT is the way to play construction. They've got the best order book.'Lockheed Martin (NYSE: LMT - News)L-3 Communications (NYSE: LLL - News)General Dynamics (NYSE: GD - News)Theravance (NasdaqGM: THRX): 'THRX was the stock that stumped me last week, and one of the reasons why it stumped me is that it's moving up very rapidly ... The stock had a big run but, you know what? I think it's really got that great bloodline now... So I like THRX.'
Bearish calls:
Hudson City Bancorp (NasdaqGS: HCBK): ' ... with the yield curve... with the 10-year at 4.75%, and the short rates higher, that's a nightmare for any regional bank ... Don't buy, don't buy.'Force Protection (NasdaqCM: FRPT): 'I believe that SPAR, which then gives the products to FRPT, is the better play.'Veraz Networks (NasdaqGM: VRAZ): 'This one I got behind. It is not working. That is worrisome to me. When they don't work like this, I've got to pull my situation, and do more work.'XM Satellite Radio (NasdaqGS: XMSR): 'XMSR is very problematic ... The FCC and congress have made this dea (merger with Sirius Satellite Radio) too difficult ... I want to sell XMSR.'Crystallex (AMEX: KRY - News): 'KRY has been creeping up ... I would recommend sell at $4 and change. I'll buy it back at $2 and change. I do not trust this Chavez. You can't either.'CDW (NasdaqGS: CDWC)Washington Group (NYSE: WNG - News): 'I like the construction group, but you know my favorite has not been WMG, but it's been FWLT.'SAIC (NYSE: SAI - News): 'I don't want to be linked to government spending right now, because I think it's not trustworthy... '
Published by SeekingAlpha

Labels: AGU, ATI, CMCSA, DE, FWLT, GD, HXL, Jim Cramer, Lightning Round, LLL, LMT, Mad Money, MON, RIMM, SHLD, SPAR, THRX, TM, TWX, VMED

"Pipeline Play": Biosite (NasdaqGS: BSTE)Cramer wanted viewers to take a look at Biosite which will be in demand if the Democrats "storm the winter palace" in November, because the money will go out of Big Pharma into "small, diagnostic plays." He likes the fact that Biotech is new and not yet played out, and comments that this producer of diagnostic tests keeps reinvesting money into new products. Cramer added Biosite is "sitting on top of a new product cycle," and should see an upside as well as more analyst coverage. He also predicts a short squeeze which should bring the stock up, and notes the company implemented a 12% buyback of its stock, and Fidelity is increasing its stake in the company from 12% to 15%. Cramer likes Biosite as a "pipeline story" and thinks the shorts are going to be sorry.Here Comes the Sun Microsystems (NasdaqGS: SUNW)Cramer declares that SUNW, a stock he has "hated for a very long time," is now an "under -$10 turnaround" because its new management is making serious changes by cutting costs and continuing to improve its sales. However, he cautions against impulse buying, and urges investors to find a good entry point and not to buy before Monday afternoon. Cramer sees upgrade potential, notes that its server business is "en fuego" and its software business is strong. He reminds investors to use limit orders when buying.The Week Ahead: GlobalSantaFe (NYSE: GSF - News), Marvell Technology (NasdaqGS: MRVL), Analog Devices (NYSE: ADI - News), Blockbuster (NYSE: BBI - News), Dynegy (NYSE: DYN - News), Foster Wheeler (NasdaqGS: FWLT), McDermott (NYSE: MDR - News), Charter Communications (NasdaqGM: CHTR), Sprint (NYSE: S - News), Gap (NYSE: GPS - News), Viacom , and VeriFone (NYSE: PAY - News)On Monday, Cramer suggests buying GSF before it reports a "blowout quarter" and would pick up MRVL after its disappointing report. He sees hope for MRVL because ADI indicated the worst is over in the chip inventory cycle. Cramer says investors should sell BBI before Tuesday and buy some back after a selloff, and he would do the same with DYN. He predicts strong earnings for FWLT and MDR, would buy CHTR ahead of its report, and would only pick up Sprint if it has an "incredibly miserable" quarter. Cramer also suggests taking a look at GPS, Viacom and PAY.Mad Mail: Sirius Satellite Radio (NasdaqGS: SIRI) and XM Satellite Radio (NasdaqGS: XMSR)When faced with a potential merger, Cramer says it is better to buy stock in the stronger rather than the weaker company, because even if the deal is off, the better company will rise.

Labels: ADI, BBI, BSTE, CHTR, DYN, FWLT, GPS, GSF, Jim Cramer, Mad Money, MDR, MRVL, PAY, S, SIRI, SUNW, XMS