Cramer's 'Mad Money' Recap: Bonds and the Big Banks

 

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Keep an eye on the big banks next week, Jim Cramer told viewers of his "Mad Money" TV show Friday during his "Game Plan" segment.

Lehman Brothers (LEH) is reporting on Tuesday, and "I'd love to load the boat up," here, he said.

In addition, Bear Stearns (BSC) and Goldman Sachs (GS), which Cramer owns for his charitable trust, Action Alerts PLUS, are "premium franchises," which report Thursday, Cramer said. "I want to own these."

In health care, Cramer highlighted Gilead Sciences (GILD), Hologic (HOLX), which he owns for his charitable trust, Action Alerts PLUS, and MedcoHealth Solutions (MHS). "I could sing the praises of all of these," he said.

Moreover, Cisco Systems (CSCO), Level 3 Communications (LVLT) and Ciena (CIEN) will all speak the Bear conference next week and "should be great," Cramer said.

Also, Chicago Bridge & Iron (CBI) and Allegheny Technologies (ATI) are set to speak at the JP Morgan materials conference next week and should be good as well, he said.

However, "despite all this good news for individual stocks, there is a piece of paper that controls every one of these," Cramer said. "I can give you the stocks, but there's a trick to it this week," and it's called "the 4 1/2's of 5/17."

This is the name for the "bellwether bond," also known as the 10-year Treasury, he explained. "I need you to think of this paper as if it were a stock." It started at $100 this week and then traded down to $95. Last night it was at $94, Cramer said.

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
118.04
UP
53.92
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7.35
UP
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0.05
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+0.55%
+0.80%
+0.25%
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