Cramer's 'Mad Money' Recap: Antidotes to a Selloff

07/27/07 - 07:27 PM EDT

TheStreet.com Staff

Cramer said he thinks Adobe (ADBE Quote - Cramer on ADBE - Stock Picks) is a buy. He believes that Adobe's third and fourth quarters should be the first to benefit from the company's new Creative Suite 3, the "best software" for publishing.

Cramer said he likes Adobe more than Microsoft (MSFT Quote - Cramer on MSFT - Stock Picks) and Oracle (ORCL Quote - Cramer on ORCL - Stock Picks).

Adobe, he said, "fits perfectly" with his seasonal tech thesis, and its Creative Suite 3 software should take it higher.

During his "Mad Mail" segment, Cramer told a viewer that he considers Transocean (RIG Quote - Cramer on RIG - Stock Picks), which he owns for his charitable trust, one of the most creditworthy oil companies out there other than Schlumberger (SLB Quote - Cramer on SLB - Stock Picks).

Cramer also said he would certainly bless taking some gains in the stock.

Responding to another piece of mail, Cramer said he hopes those who recently caught a quick $4 in Omniture (OMTR Quote - Cramer on OMTR - Stock Picks) did some profit-taking on the stock.

Lightning Round

Cramer was bullish on Woodward Governor (WGOV Quote - Cramer on WGOV - Stock Picks), Caterpillar (CAT Quote - Cramer on CAT - Stock Picks), Sears Holdings (SHLD Quote - Cramer on SHLD - Stock Picks), Toyota Motor (TM Quote - Cramer on TM - Stock Picks) and Macy's (M Quote - Cramer on M - Stock Picks).

Cramer was bearish on Manitowoc (MTW Quote - Cramer on MTW - Stock Picks) and Alcoa (AA Quote - Cramer on AA - 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 Toyota Motor, Caterpillar, Transocean and Sears Holdings.

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."

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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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