Cramer's 'Mad Money' Recap: Biotech in the Spotlight

Cramer was bearish on: 3M(MMM), BellSouth(BLS), Cadence Design Systems(CDN), Siliconware(SPIL), Computer Sciences(CSC), Atmel(ATML), Illumina(ILMN), Petco(PETC), Cablevision(CVC), Diana Shipping(DSX), Genesis Microchip(GNSS), Sierra Pacific Resources(SRP), JetBlue(JBLU), MCG Capital(MCGC) and Verizon(VZ).

Intel Intelligence

Cramer also spoke to Intel's(INTC) Andy Bryant on Tuesday evening. Cramer asked the chief financial officer about the weaker-than-expected second-quarter margins that Intel reported after the bell. Bryant said he believes margin weakness can be corrected and that Intel will post margins of about 60%, plus or minus, in the third quarter.

As for market share, Bryant believes Intel gained a half-point to a point over Advanced Micro Devices(AMD) during the quarter. Cramer agreed that margins were weaker than what he was looking for, but that Intel should do fine during the rest of the year as well.

Lucent Illuminated

Finally, Cramer spoke to Lucent CEO Patricia Russo, who said she was pleased with her company's quarter. The company posted better-than-expected earnings, turned in sales that grew 7% year over year, and showed growth both domestically and internationally.

But Cramer said this was a "show-me" quarter for the New Jersey company. Lucent showed investors some things, Cramer said, but it didn't show other things, he said. Bottom line? Lucent is a hold, he said.

	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

>To order reprints of this article, click here: Reprints