Cramer's 'Mad Money' Recap: Big Board Worth Its Weight

11/09/06 - 07:47 PM EST

TheStreet.com Staff

Penney's for Thoughts

Cramer welcomed Myron Ullman, the chairman and chief executive of J.C. Penney (JCP Quote - Cramer on JCP - Stock Picks), and asked him how he is giving his shareholders accelerated revenue growth.

"We're focusing on the customer," Ullman responded. "We're finding a lot of our existing customers are responding well to our brands and others are looking for a place to shop."

When asked about the company's long-term growth plans, Ullman said J.C. Penney is two years ahead of where it said it would be with its growth plan.

"We've introduced three new brands this year: a.n.a, a modern brand in casual sportswear; East 5th, a career brand; and Studio, which is a brand in our home collections," he went on to say.

Ullman said all three are doing better than expectations and that Sephora, a cosmetics retailer that operates stores within J.C. Penney stores, is adding a "great deal of excitement."

Cramer called J.C. Penney the No. 1 retail name in the country and said he wants to own it.

To view Cramer's interview with Mike Ullman, please click here.

In the "Sudden Death" round, Cramer was bearish on Pool (POOL Quote - Cramer on POOL - Stock Picks), Novell (NOVL Quote - Cramer on NOVL - Stock Picks) and VeraSun Energy (VSE Quote - Cramer on VSE - Stock Picks).

Lightning Round

Cramer was bullish on Harley-Davidson (HOG Quote - Cramer on HOG - Stock Picks), Comcast (CMCSA Quote - Cramer on CMCSA - Stock Picks), Daktronics (DAKT Quote - Cramer on DAKT - Stock Picks), Emerson Electric (EMR Quote - Cramer on EMR - Stock Picks), Banco Itau Holding Financeira (ITU Quote - Cramer on ITU - Stock Picks), TJX (TJX Quote - Cramer on TJX - Stock Picks), Limited (LTD Quote - Cramer on LTD - Stock Picks), UnitedHealth Group (UNH Quote - Cramer on UNH - Stock Picks) and American Tower (AMT Quote - Cramer on AMT - Stock Picks).

Cramer was bearish on FuelCell Energy (FCEL Quote - Cramer on FCEL - Stock Picks), DirecTV (DTV Quote - Cramer on DTV - Stock Picks), Orbital Sciences (ORB Quote - Cramer on ORB - Stock Picks), Powerwave Technologies (PWAV Quote - Cramer on PWAV - Stock Picks) and Arris Group (ARRS Quote - Cramer on ARRS - Stock Picks).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

Here's your chance to pick the stock you'd like me to feature on my radio show Nov. 16.
Activision
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REMEMBER to listen in on Thursday for my take on the stock that wins this poll!
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At the time of publication, Cramer was long Diageo and UnitedHealth Group.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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