Cramer's TheStreet.com TV
TheStreet.com TV Recap: Game Makers People Play
03/27/07 - 02:27 PM EDT
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."Fears over housing imperil stocks.
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