Cramer's 'Mad Money' Recap: Trade Without Fear

02/12/07 - 08:48 PM EST

TheStreet.com Staff

Viewer Q&A

In response to a caller, Cramer said that Sears Holdings (SHLD Quote - Cramer on SHLD - Stock Picks) could be another Berkshire Hathaway(BRKB Quote - Cramer on BRKB - Stock Picks). Cramer, who owns Sears for his charitable trust, hasn't sold a share, but he said he would sell if he saw any "deviation from ... the Berkshire plan."

Cramer reminded viewers that he couldn't recommend stocks on his show "if the fundamentals are deteriorating." Sprint's(S Quote - Cramer on S - Stock Picks) fundamentals, he said, are still deteriorating. "I keep waiting till the estimates get so low that they can't deteriorate further," he said. When that happens, "I will back up the truck."

Another caller asked Cramer if the sales of one game could affect a video-game maker stock. According to Cramer, one game's sales couldn't impact the price of a stock of a $15 billion company such as Electronic Arts(ERTS Quote - Cramer on ERTS - Stock Picks), but THQ(THQI Quote - Cramer on THQI - Stock Picks), which has a game coming out later this month, is a $2 billion company. That game's sales might make a difference, Cramer said, "but the stock is not cheap," and he did not recommend it.

Mad Mail

In the show's "Mad Mail" segment, Cramer said he agreed with one mailer's son that Domino's(DPZ Quote - Cramer on DPZ - Stock Picks) "pizza tastes good" and said that "the worst is over." "Domino's is a good chain," Cramer said, and he told the viewer to hold on to it.

Cramer told another mailer that he believes Diageo(DEO Quote - Cramer on DEO - Stock Picks), a stock he owns for Action Alerts PLUS, is "terrific" and that Vonage(VG Quote - Cramer on VG - Stock Picks) "is still radically overpriced."

Lightning Round

Cramer was bullish on Allegheny Tech (ATI Quote - Cramer on ATI - Stock Picks), Transocean(RIG Quote - Cramer on RIG - Stock Picks), Virgin Media(VMED Quote - Cramer on VMED - Stock Picks), Countrywide Financial(CFC Quote - Cramer on CFC - Stock Picks), Allergan(AGN Quote - Cramer on AGN - Stock Picks), Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks), Zimmer Holdings(ZMH Quote - Cramer on ZMH - Stock Picks), AMR(AMR Quote - Cramer on AMR - Stock Picks) and Continental(CAL Quote - Cramer on CAL - Stock Picks).

Cramer was bearish on Evergreen Solar(ESLR Quote - Cramer on ESLR - Stock Picks), Helmerich & Payne(HP Quote - Cramer on HP - Stock Picks), New Century Financial (NEW Quote - Cramer on NEW - Stock Picks) and JetBlue(JBLU Quote - Cramer on JBLU - 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 popular book by clicking here.

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At the time of publication, Cramer was long Diageo, Marvell Technology, Sears Holdings and Transocean.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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