RealMoney Radio: Don't Care for Caremark

The recent acquisition by CVS (CVS Quote) of Caremark (CMX Quote) is a "mistake," Jim Cramer told a caller on his "RealMoney" radio show Wednesday.

"I don't like this acquisition," he said. "I like the high growth CVS gives us, but I don't like the slower growth Caremark gives us."

Peabody Energy (BTU Quote) should be bought here, Cramer told his next caller.

"There will come a time when we run out of oil in this country," he said, adding that as we get closer to the election, if Peabody gets lower, people should definitely get into it.

Responding to another caller, UAL (UAUA Quote) should see more upside, Cramer said.

However, because the caller mentioned having a 15% profit with UAL, Cramer recommended ringing the register.

ABB (ABB Quote) is not done going up, Cramer said.

As the caller reported a 50% gain on ABB, Cramer told the caller to "take a little off the table and let the rest run."

Caterpillar (CAT Quote) is related to housing and it's got a big truck engines business, he told another caller.

"People are starting to think its engines business will go down in 2007," and the housing cycle is not good, so people are coming out of Caterpillar, Cramer said.

However, he believes the housing cycle won't be so horrible. Cramer likes CAT and believes that it "represents great value."

When a caller asked about Sprint Nextel (S Quote), Cramer said "the fundamentals are completely in decline here."

"I don't want to touch this stock, he said. "Sure it could be taken over, but right now it's way too risky."

He advised people to stay away from the stock.

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