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Cramer's 'Mad Money' Recap: Insourcing Accenture

10/18/05 - 07:17 PM EDT

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


Genzyme's Mosaic

Genzyme GENZ is a beautiful mosaic of a biotech stock and is right for this market, said Jim Cramer Tuesday on his "Mad Money" TV show.

Unlike Genentech DNA, which focuses on cancer drugs, Genzyme is diversified with drugs to treat all kinds of diseases, said Cramer.

Genzyme's approach is to go after niche markets with little competition where the company can dominate, said Cramer. That approach appears to be working, given the strong third-quarter results Genzyme reported Tuesday.

Cramer still likes Genentech and Amgen AMGN, but Genzyme should be added to the mix, he said.

In response to questions about more speculative biotech plays, Cramer said to stay away -- especially in a market like this -- unless one is just speculating with mad money.

The Accenture Nobody Knows

Following up on a question asked earlier in the show, Cramer said one absolutely should not buy ThermoGenesis KOOL. The company hasn't made any money in six years and its revenues "aren't happening," he said.

Cramer is bullish on Accenture ACN after IBM IBM reported surprisingly good results in its outsourcing and consulting business, he said.

"If IBM's consulting business can do that well ... then Accenture can doubtless do a whole lot better in this market," said Cramer.

Accenture has done a number of things to try to catch the market's attention, he said, including a Dutch tender offer, buying back stock, offering a dividend and beating earnings estimates. "But nobody cares," said Cramer.

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At the time of publication, Cramer was long Cendant, Microsoft, Intel, Halliburton and Altria.

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."


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