Cramer's 'Mad Money' Recap: Cheap Eats
Cramer said UnitedHealth (UNH) 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.
Cramer was bullish on Genentech (DNA), Urban Outfitters (URBN), KOS Pharmaceuticals (KOSP), Goldcorp (GG), Ultra Petroleum (UPL), Schering-Plough (SGP), Penn National Gaming (PENN), Statoil ASA (STO), United Technologies (UTX), Amedisys (AMED), Garmin (GRMN), Superior Industries International (SUP), Coach (COH), Cemex (CX) and Microsoft (MSFT).Bearish Cramer was bearish on American Eagle Outfitters (AEOS), Abercrombie & Fitch (ANF), Aeropostale (ARO), Sirius Satellite Radio (SIRI), Wells Fargo (WFC), WPT Enterprises (WPTE), Newmont Mining (NEM), Plantronics (PLT), Fleetwood Enterprises (FLE), Independence Community Bank (ICBC), IBM (IBM) 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|
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