Cramer's TheStreet.com TV Recap: Year-End Buying

 

In other market news:

Cramer said he found it really interesting that some of the companies that reported earnings this week said the weak dollar had helped them in terms of the translation. He predicted this will be a common theme, and cited it as the reason he believes Altria(MO Quote), a stock he owns for his charitable trust, Action Alerts PLUS; Colgate(CL Quote); and Procter Gamble (PG Quote) are all too low.

Cramer cited Toyota Motor(TM Quote), New York Stock Exchange(NYX Quote) and Goldman Sachs(GS Quote) -- all of which he own for his charitable trust, Action Alerts PLUS -- as names to focus on. He credited Goldman Sachs as a stock that can ramp as the window is still open to sell but the buyback can ramp. He said the company reported a great quarter and its stock is much cheaper than others.

He said the New York Stock Exchange's merger with Euronext is going to be hugely positive, despite the fact that it lacks sponsorship.

Cramer warned against buying any Ford(F Quote) upgrades, attributing the company's need to do more banking to CEO Alan Mulally.

Between now and Friday, Cramer said he is looking at Sotheby's(BID Quote), as it seems cheap; Bank of America(BAC Quote), because of its recent good report; and especially Valassis Communications' (VCI Quote) merger with Advo(AD Quote). Cramer said this merger looks like it was done at the right price.

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At the time of publication, Cramer was long Altria, Toyota Motor, NYSE Group and Goldman Sachs.

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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