And, finally, JDS Uniphase (JDSU - Get Report) 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 - 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|