Mad Money Recap
Cramer's 'Mad Money' Recap: Finding Sustenance
Cramer and Greenberg also tangled over another stock, Johnson Controls (JCI). "What's the story there? How could you not love that quarter?" asked Cramer.
Greenberg said Johnson Controls is very hard to analyze, and it is still mostly a cyclical, highly-levered auto-parts company. He said even York International (YRK), which is being acquired by Johnson Controls, mentioned recently "how cyclical part of its business is. JCI may rise or fall based on just because it is so hard to get your arms around. That to me is a huge red flag." Cramer said he believes JCI is better than rivals Delphi (DPHIQ) or Dana (DCN) because "by making it difficult to understand, [it] has lost that Detroit component that's been dragging it down." Finally, Cramer asked Greenberg about Amylin Pharmaceuticals (AMLN). Greenberg was bullish on Amylin recently when the stock was at $39, said Cramer. Cramer had advised people to "ring the register." The stock closed at $33.52 Friday. "Jim, you were right on JCI. I will be right on Amylin, and in the end, I will be right on JCI," said Greenberg.Quelling Qualcomm Fears
Cramer would be buying Qualcomm (QCOM) after the stock dropped 4.6% Friday on news some of its customers and competitors were suing for allegedly charging too much money for licenses to use its technology. Cramer said Qualcomm's stock didn't deserve to be down as much as it was. Cramer believes investors sold the stock out of fear Qualcomm could wind up like Research In Motion (RIMM), which faces a real risk of losing its patents as a result of lawsuits, said Cramer. But Qualcomm's situation is nothing like Research In Motion's, he said. Cramer believes the odds are good Qualcomm will prevail. Even if it doesn't, the worst-case scenario for Qualcomm, he said, is that Qualcomm might have to charge less for its technology licenses and pay damages, he said. It is not in danger of losing its patents, he said.Lightning Round
Bullish Cramer was bullish on Costco Wholesale (COST), Procter & Gamble (PG), Intel (INTC), National Semiconductor (NSM), Broadcom (BRCM), Best Buy (BBY), Lexar Media (LEXR), Wellman (WLM), Syneron Medical (ELOS), IntraLase (ILSE), OraSure Technologies (OSUR), Southwest Gas (SWX), PNM Resources (PNM), Valero Energy (VLO), Yellow Roadway (YELL), Intuitive Surgical (ISRG) and TurboChef Technologies (OVEN). Bearish Cramer was bearish on Energizer Holdings (ENR), California Micro Devices (CAMD), Southwest Airlines (LUV), Blackboard (BBBB), Shaw Group (SGR), Audible (ADBL), Sigma Designs (SIGM), Unisys (UIS), PolyOne (POL), Mesa Air Group (MESA), Cutera (CUTR), Olin (OLN), Georgia Gulf (GGC), Lawson Software (LWSN), Cosi (COSI), CSX (CSX) and Schnitzer Steel Industries (SCHN).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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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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