As for CVS, Greenberg has red-flagged the stock in his newsletter. The company has more debt than any of its competitors, Greenberg said. An oddity -- though Greenberg said it wasn't a good reason to red-flag the stock -- is that the company requires its CEO to fly in a corporate jet.
Meanwhile, said Greenberg, the CEO of Walgreen(WAG Quote), flies coach. Finally, CVS has garnered most of its growth through acquisitions, Greenberg said. But come the end of August, when the company reports its numbers on an anniversaried basis, it is going to show slower growth of about 5% to 6%. Cramer said he likes both CVS and Walgreen but acknowledged that Walgreen is the better play.The Lightning Round
Bullish
Cramer was bullish on: MetLife(MET Quote), Life Time Fitness(LTM Quote), Netease.com(NTES Quote), "the stock is not stopping here," Cramer said; Phelps Dodge(PD Quote), Harris(HRS Quote), Autodesk(ADSK Quote), Quicksilver Resources(KWK Quote), El Paso(EP Quote), SanDisk(SNDK Quote), PPG Industries(PPG Quote), Texas Instruments(TXN Quote), Williams Companies(WMB Quote), Texas Industries(TXI Quote), TXU(TXU Quote), "the stock is going to $100," said Cramer; Piedmont Natural Gas(PNY Quote), Smith & Wesson(SWB Quote), and Caremark(CMX Quote).
Bearish
Cramer was bearish on: Colgate-Palmolive(CL Quote), Tupperware(TUP Quote), there was nothing to like about its most recent quarter, Cramer said; WebMD(HLTH Quote), Coca-Cola(KO Quote), Syntroleum(SYNM Quote), Pacific Sunwear(PSUN Quote), Progressive Gaming International(PGIC Quote), Liberty Media(L Quote), "it is an absolutely terrible stock," Cramer said; Packaging Corp. of America(PKG Quote), Mueller Industries(MLI Quote), J.P. Morgan Chase(JPM Quote), "you want to own very few banks here," Cramer said; Wind River Systems(WIND Quote), and Boston Scientific(BSX Quote).| 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 | ||||
| |
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