DNA and a PepsiLater in the show, Cramer offered two stocks that should be bought now: Pepsi (PEP - Get Report) and Genentech (DNA). He said Pepsi has taken Coca-Cola's (KO - Get Report) best shots and rebounded every time. What's more, "Pepsi has a strong mosaic of businesses," Cramer said. As a result, no competitor can lay into it.
BullishDuring the Lighting Round, Cramer was bullish on: Nextel Partners (NXTP), Wynn Resorts (WYNN - Get Report), Goodrich Petroleum (GDP - Get Report), Harrah's Entertainment (HET), Hansen Natural (HANS), OraSure Technologies (OSUR - Get Report), Boyd Gaming (BYD - Get Report), Amgen (AMGN - Get Report), Target (TGT - Get Report), Halliburton (HAL - Get Report), EnCana (ECA - Get Report), Petroleo Brasileiro (PBR - Get Report), Annaly Mortgage (NLY - Get Report), Archer Daniels Midland (ADM - Get Report), Gold Kist (GKIS), Bunge (BG - Get Report), Countrywide Financial (CFC), J.C. Penney (JCP - Get Report), Constellation Brands (STZ - Get Report), L-3 Communications (LLL - Get Report), Centerpoint Energy (CNP - Get Report), Coventry Health Care (CVH), RSA Security (RSAS), Sabine Royalty Trust (SBR - Get Report), Temple-Inland (TIN), Harley-Davidson (HDI), Air Products and Chemicals (APD - Get Report), Cendant (CD), Transocean (RIG - Get Report) and Garmin (GRMN - Get Report).
BearishCramer was bearish on: Lakes Entertainment (LACOE), Regeneron Pharmaceuticals (REGN - Get Report), Ross Stores (ROST - Get Report), Gateway (GTW), Allegheny Energy (AYE), palmOne (PLMO), Fieldstone Investment (FICC), CMGI (CMGI), Anheuser-Busch (BUD), First Data (FDC), Sun Microsystems (SUNW), Union Pacific (UNP - Get Report), PetroKazakhstan (PKZ) and Trimble Navigation (TRMB - Get Report).
Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|
|Check back for more of Cramer's Rules|