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Cramer's 'Mad Money' Recap: Cheap Eats

Cramer said UnitedHealth (UNH - Get Report) will be the only company under the new Medicare prescription drug plan to "be in all 50 states." He continues to be bullish on the stock.

And, finally, JDS Uniphase (JDSU) announced Friday it will seek shareholder approval to do a reverse stock split. Cramer called the move "brilliant" because with fewer shares outstanding, it will allow JDSU to show more meaningful earnings-per-share growth. Now, if only Lucent (LU), another company with a high share count, would "do the same," he said.

Lightning Round

Bullish

Cramer was bullish on Genentech (DNA), Urban Outfitters (URBN - Get Report), KOS Pharmaceuticals (KOSP), Goldcorp (GG - Get Report), Ultra Petroleum (UPL - Get Report), Schering-Plough (SGP), Penn National Gaming (PENN - Get Report), Statoil ASA (STO - Get Report), United Technologies (UTX - Get Report), Amedisys (AMED - Get Report), Garmin (GRMN - Get Report), Superior Industries International (SUP - Get Report), Coach (COH - Get Report), Cemex (CX - Get Report) and Microsoft (MSFT - Get Report).

Bearish

Cramer was bearish on American Eagle Outfitters (AEOS), Abercrombie & Fitch (ANF - Get Report), Aeropostale (ARO - Get Report), Sirius Satellite Radio (SIRI - Get Report), Wells Fargo (WFC - Get Report), WPT Enterprises (WPTE), Newmont Mining (NEM - Get Report), Plantronics (PLT - Get Report), Fleetwood Enterprises (FLE), Independence Community Bank (ICBC), IBM (IBM - Get Report) and Microtune (TUNE).


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
At the time of publication, Cramer was long Lucent, UnitedHealth and Microsoft.

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. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS . While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here . Listen to Cramer's RealMoney Radio show on your computer; just click here . Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.
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SYM TRADE IT LAST %CHG
TIE $16.50 0.00%
AMED $39.36 1.86%
ANF $20.05 0.96%
ARO $1.05 -0.94%
COH $29.59 -2.18%

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