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TheStreet.com TV Recap: Game Makers People Play

03/27/07 - 02:27 PM EDT

TheStreet.com Staff

Opening the Window

In another segment, Cramer told Greenberg there is such a thing as "window dressing," or the act of moving stocks aggressively on the last day of the quarter. However, it is not something people in the financial business generally want discussed, he said, adding that he neither participated in it nor does he condone it.

Some stocks that might catch bids by Friday include luxury-goods sellers Sotheby's (BID - Cramer's Take - Stockpickr), Coach (COH - Cramer's Take - Stockpickr) and Movado (MOV - Cramer's Take - Stockpickr), Cramer said.

"These are all winning stocks," he said. Sotheby's is a "great way to play inflation," Coach has "consistently delivered" and is a likely candidate to be marked up, and Movado's going to have an "excellent quarter" and it has a very low multiple, Cramer said.

Drugs

In the drug sectors, Abbott (ABT - Cramer's Take - Stockpickr) has been "on a tear," and Baxter (BAX - Cramer's Take - Stockpickr), which is in a "sweet spot," has been consistently delivering "great numbers."

Utilities

In utilities, Cramer said FirstEnergy (FE - Cramer's Take - Stockpickr) is not as bad as it used to be, and Con Ed (ED - Cramer's Take - Stockpickr) has a great yield vs. Treasuries.

Steel

In steel, Cramer said he doesn't know how Cleveland-Cliffs (CLF - Cramer's Take - Stockpickr) has stayed independent in a sector where there has been "tremendous consolidation." U.S. Steel (X - Cramer's Take - Stockpickr) has to go buy it, Cramer said.

However, Reliance Steel (RS - Cramer's Take - Stockpickr) is the one stock he has been behind, and it "still has good valuation."

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At the time of publication, Cramer was long Yahoo!

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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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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