Cramer's TheStreet.com TV Recap: Buyback Boost

Stock quotes in this article: XOM , CVX , COP  

"I think these are the easiest stocks to buy at year-end," Cramer said.

As for tech, Cramer predicted that these stocks will continue to rally through January.

Despite some negative attention in the media with newspapers harping on mortgages, Cramer believes that the numbers are pretty much "what were expected in that business."

He recommended taking advantage of the upcoming Fed-cutting by starting to buy some stocks. Don't expect any rallying for some time, though, he said.

Cramer believes that Bank of America's (BAC Quote) CFO resignation and Citigroup's (C Quote) decline back under $50 means that "six weeks from now, you're going to have to buy the financial group when you hear about the Fed-cutting," Cramer said.

Although stocks like these profited from buybacks, "what really moved them is the 4% yield, which will look very attractive when the Fed cuts its rates to 4% one year from now," he said.

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General Electric owns CNBC, for which Cramer is a featured commentator. At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim 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 Action Alerts PLUS. 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." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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