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RealMoney.com: Jim Cramer Blog
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LEH Opens the Door for Lots of Stocks

By Jim Cramer
RealMoney.com Columnist

4/1/2008 11:30 AM EDT
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Right back into strength. Right back. Gamestop (GME - commentary - Cramer's Take) and J.Crew (JCG - commentary - Cramer's Take) and Urban Outfitters (URBN - commentary - Cramer's Take) are right back. Intuitive Surgical (ISRG - commentary - Cramer's Take) could take out its high.

MasterCard (MA - commentary - Cramer's Take)? Boom, 52-week high. Like that one will ever quit, it is so loved. Salesforce.com (CRM - commentary - Cramer's Take) is ramping; that was a gorgeous quarter. Owens-Illinois (OI - commentary - Cramer's Take) is having the move that had existed before the selloff; now it is back. It deserves it; remember that was the biggest upside surprise of the previous quarter.

Apple's (AAPL - commentary - Cramer's Take) going higher, nice Mac numbers. Wynn's (WYNN - commentary - Cramer's Take) running. The momentum guys never quit, doesn't matter, that's just what momentum guys want. Caterpillar (CAT - commentary - Cramer's Take) continues to be the favorite rest-of-world play, but look out for United Tech (UTX - commentary - Cramer's Take) and Honeywell (HON - commentary - Cramer's Take) and Ingersoll-Rand (IR - commentary - Cramer's Take) and Emerson Electric (EMR - commentary - Cramer's Take), they all have big bids underneath. General Electric's (GE - commentary - Cramer's Take) been breaking out, because people believe it is an early-cycle play, given that it has such a big percentage of its business in finance.

What's interesting is that there are a bunch of companies that were on life support that now know they can find money given Lehman's oversubscription. Bank of America (BAC - commentary - Cramer's Take) can tap the preferred market if it acts well -- I know it did one already, it needs another one. How about Merrill Lynch (MER - commentary - Cramer's Take)? Can John Thain move quickly enough? I think he can. AIG (AIG - commentary - Cramer's Take) needs capital. Morgan Stanley (MS - commentary - Cramer's Take) is a natural for the cash.

Wells Fargo (WFC - commentary - Cramer's Take) would be right do one, too. It could then buy Nat City (NCC - commentary - Cramer's Take) at a discount.

This is a really important moment because the money is available and wants in.

The banks and brokers MUST take advantage of it.

They must do it. They should call Lehman right now and see who didn't get enough preferred.

Will they move? I think they will, which is why there is so much panic among the shorts today.

At the time of publication, Cramer had no positions in the stocks mentioned.






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Jim 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. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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