Cramer's 'Mad Money' Recap: Fill 'Er Up With ConocoPhillips

07/10/07 - 07:52 PM EDT

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


There are three stocks that can make people money despite the market's ugliness today, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

According to his $80-to-$120 stock theory, Cramer believes that stocks that make it to $80 in a bull market tend to make it to par, which means $100 in "authentic Wall Street gibberish." And stocks that make it to par in a bull market tend to go to $120. Those stocks, he said, are industry leaders and buck the negativity of the market.

On Monday, Cramer suggested that investors take a look at Boeing (BA Quote) and Caterpillar (CAT Quote), the latter of which he owns for his charitable trust, Action Alerts PLUS.

Tonight, Cramer started his series by recommending ConocoPhillips (COP Quote), which passed the $80 mark on June 15.

Don't be dissuaded that the stock is up, because this is a buy-high, sell-higher theory, he said. COP has "genuine momentum" and is favored by big institutions. It's a market-anointed stock and a "magnet for money," Cramer added. Plus, while it's not an ace, king or queen of buybacks, it's definitely a face card now, with its recent $15 billion buyback.

"We're in some strong bull markets right now," and COP is a "great" oil company, Cramer said. "Oil cannot be stopped." Also, COP has its oil reserves in safe areas, including Alaska, Canada and the northwestern U.S.

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