Action Alert Weekly Roundup

1. Black Friday's 10 Top Tech Deals 2. Motorola Droid Price Cut 3. Cramer's 'Mad Money' Recap: The Next Leg in the Housing Rally (Final) 4. Citigroup Worst of Bank Stocks, Poll Says 5. Cramer's 'Stop Trading': Verizon, AT&T

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The portfolio sure does better in a down market than I thought it would. The market got crushed last week and we gave up less than 2%. That's good given that we are playing with almost no cash. Doesn't mean, though, that I am proud of all my picks. Two this week, IBM and Microsoft, really stung. Plus I have given up a big gain in IBM, which is unforgivable. I couldn't sell it, but I wouldn't have if I could have and that's my bad. I was a pig -- up 30 points and I did nothing. Now I have to pay for it.

Let's go over the actuals.

Aetna (AET - commentary - Cramer's Take): Still on the move, still a turnaround. Understand that this quarter is not a good one. There might be some profit-taking ahead, but I wouldn't want to hop off this one now. It's just getting interesting.

Alcoa (AA - commentary - Cramer's Take): This one is stuck here and I am not abandoning it this close to what could be a turn in the economy. I would prefer to play the turn in the economy in an Alcoa than a tech stock at this point.

AmerisourceBergen (ABC - commentary - Cramer's Take): Too boring for you? Get off. It is cheap. I am not giving up on it. The stock bounces between $55 and $59 until it reports and then I think it will break out to the upside.

AOL Time Warner (AOL - commentary - Cramer's Take): Losing it here, on this. Can't believe how stupid it would be if this company bought Red Hat (RHAT - commentary - Cramer's Take). I am beginning to think that something is very wrong at AOL and that nobody seems to know what it is. Doesn't mean I have to stick around to find out.

Bank of America (BAC - commentary - Cramer's Take): Beautiful quarter, just beautiful and I believe sets the tone for 2002. I sure hope this thing gets some legs here because it is dirt cheap and it beat the estimates by four cents!

Best Buy (BBY - commentary - Cramer's Take): Biding time until the next comparable sales number. I can't blame people for wanting to take a little off the table, but this is the class of the hard good field.

Caterpillar (CAT - commentary - Cramer's Take): Inexpensive stock going into a cyclical recovery and I like it below $50 very much.

ChevronTexaco (CVX - commentary - Cramer's Take): My remaining oil play and I am in it because of the cost synergies you will see now that these two companies have combined.

Cisco (CSCO - commentary - Cramer's Take): Backing and filling and very frustrating. This stock is stuck, pure and simple, but it has a lot of cash and is a share-taker and I can afford to sit with it. If you can't, by all means, sell it.

Citigroup (C - commentary - Cramer's Take): Good quarter, stock seems poised for a break out if we get an up tape, otherwise biding time at the $48-$52 level. Nice job by management.

Clorox (CLX - commentary - Cramer's Take): Boring creeper that will work its way toward $44 midyear as it gets its old multiple back.

Conexant (CNXT - commentary - Cramer's Take): Great quarter, stock pops, and then goes down again on Nokia worries. There is no doubt that the cell-phone business is not as robust as it was. But CNXT is breaking up and I think that will drive the re-valuation.

Dell (DELL - commentary - Cramer's Take): Preannounced a better-than-expected quarter and it didn't go higher. That's discouraging. But I can't monitor every little move here. Dell is doing well and it will go higher over time.

EMC (EMC - commentary - Cramer's Take): Don't care for this stock here. Too much tech in my portfolio, like everyone else's. OK quarter coming.

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General Dynamics (GD - commentary - Cramer's Take): I am itching to buy more of this stock below $80 as I think it represents a great buy. Good quarter coming.

General Electric (GE - commentary - Cramer's Take): Reported a fantastic quarter and everybody yawned. But I am not giving up on this stock as I think it is suffering from "Enron revaluation" that, to me, is unfair.

Guidant (GDT - commentary - Cramer's Take): Medical device player that has had a huge run and is still resting, but ultimately will go to the $50s.

HCA (HCA - commentary - Cramer's Take): Starting to act better in the wake of that great Tenet Health (THC - commentary - Cramer's Take) number. Continue to think that this cheap stock does well in 2002.

IBM (IBM - commentary - Cramer's Take): Bad. Crummy quarter. Shouldn't have happened. Company should have preannounced. Trying to get my arms around the rest of 2002 with this one, but feel as if it won't be back at that level anytime soon. I want to take some off the table when I can.

Microsoft (MSFT - commentary - Cramer's Take): Shot itself in the foot. I don't know what to say. Now it will beat numbers going forward. Not budging here. I think this company should be bought below $63. I was surprised by how strong the quarter was and how weak the guidance was. I am still sorting this one out with people but I think Microsoft, despite the comments, will have a strong 2002.

Morgan Stanley Dean Witter (MDW - commentary - Cramer's Take): A financial play that may be too complex for this market post-Enron. Again, I will hold on because I think the year will be good, but no barn burner.

Nokia (NOK - commentary - Cramer's Take): Thursday's the day when everyone now expects them to guide down. I will wait until then to buy more. I am a long-term believer that Nokia will take share from Ericsson (ERICY - commentary - Cramer's Take) and Motorola (MOT - commentary - Cramer's Take).

Oracle (ORCL - commentary - Cramer's Take): This one's been creeping up over time and I think that when it gets to $17 I may have to admit that there might not be that much more to it. Again, lowering my sights for tech in 2002.

PepsiCo (PEP - commentary - Cramer's Take): Solid no-nonsense name for 2002 with the first synergies of Quaker Oats coming out now. Like it very much.

Pfizer (PFE - commentary - Cramer's Take): I think Rezulin will put a lid on this stock as the lawsuits will start to be filed in every state in the union. I hate these kinds of situations, because they drag on and on. That said, I will not part with my Pfizer because I think that, while 2002 may not be so great because of the lawsuits, it will be an excellent year for earnings.

Philip Morris (MO - commentary - Cramer's Take): Dividend keeps me in this one. It has nice growth, but a 5% yield makes it so it won't go down. It can rally on a really good quarter.

Target (TGT - commentary - Cramer's Take): One of the best retail stories out there and a winner in a post-Kmart (KM - commentary - Cramer's Take) world. It should be, it helped create that world with great service and great prices. If I were Martha, I would go here.

Tyco (TYC - commentary - Cramer's Take): Tyco is a solid hold now that it is splitting itself up, but it will take a year to see the big win here. I can wait, can you?

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UnitedHealth Group (UNH - commentary - Cramer's Take): Rich stock, but on its way to $90, perfect for an environment where the economy might not be able to grow faster than 3%.

United Technologies (UTX - commentary - Cramer's Take): Fantastic quarter, and I think that if this stock gets to the high $60s, I have to take some off the table to avoid the IBM-pig status. Still great to see how strong business held up after Sept. 11 for them.

Universal Health Realty (UHT - commentary - Cramer's Take): This stock is too defensive and I am selling some to be able to buy other stocks that are cheaper.

Verizon (VZ - commentary - Cramer's Take): Hard for this stock to go up without that underwriting for wireless. That said, the core business is excellent, just excellent, and I don't want to get off this one.

Viacom (VIA.B - commentary - Cramer's Take): Asbestos and troubles at the top have knocked this stock back below $40. That's an opportunity. These guys aren't paying much at all on asbestos claims (compared with Halliburton) and I don't believe that the stress at the top is shocking. The underlying assets are terrific here and that's what matters, especially coming out of an advertising recession.

Wells Fargo (WFC - commentary - Cramer's Take): Best banking quarter and it has been rewarded with a stock that goes higher. This one is headed for the $50s and is now less cheap than Bank of America, but I want to own it anyway.

Held for sale: Constellation Energy (CEG - commentary - Cramer's Take), Fluor (FLR - commentary - Cramer's Take), Halliburton (HAL - commentary - Cramer's Take) and Merck (MRK - commentary - Cramer's Take).

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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. At the time of publication, Cramer was long Aetna, Alcoa, AmerisourceBergen, AOL Time Warner, Bank of America, Best Buy, Caterpillar, ChevronTexaco, Cisco, Citigroup, Clorox, Conexant, Constellation Energy Group, Dell, EMC, Fluor, General Dynamics, General Electric, Guidant, Halliburton, HCA, IBM, Merck, Microsoft, Morgan Stanley Dean Witter, Nokia, Oracle, PepsiCo, Pfizer, Philip Morris, Target, Tyco, United Technologies, UnitedHealth Group, Universal Health Realty, Verizon, Viacom and Wells Fargo. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail].