TheStreet.com TV Recap: Cramer Reviews the Summer Blockbuster Stocks

08/07/07 - 03:02 PM EDT

TheStreet.com Staff

Jim Cramer offered up his summer blockbuster stocks on TheStreet.com TV's Wall Street Confidential Web video on Tuesday.

Before he named the stocks, Cramer stressed that they are not picks to blindly go out and buy. Market players should wait for these stocks to come down a bit, do their homework and take a look at the conference calls before they consider buying the stocks, he said.

That said, Garmin (GRMN Quote - Cramer on GRMN - Stock Picks) had an "incredible acceleration of growth" from its GPS product for automobiles, Cramer said. It was "a remarkable call where they guided up by the hundreds of millions of dollars."

Next, he said, is Chipotle Mexican Grill (CMG Quote - Cramer on CMG - Stock Picks). "Here's a restaurant chain that felt it had to have measured growth," Cramer said. "But it's really figured out how to put up a lot of stores, in contrast to California Pizza Kitchen (CPKI Quote - Cramer on CPKI - Stock Picks), another company I like that can't put up stores that quickly."

The Chipotle call, he continued, was "remarkable" because the fast-food chain stressed the quality and the growth. Cramer said it reminds him of Starbucks (SBUX Quote - Cramer on SBUX - Stock Picks) and Whole Foods (WFMI Quote - Cramer on WFMI - Stock Picks) five years ago.

Moving on, he said he was "quite struck" by the Procter & Gamble (PG Quote - Cramer on PG - Stock Picks) call.

"I know people don't think much of Procter, but it challenged head on the notion that Gillette was bad and took it on in a light-hearted and kind of unscripted way that made me feel like Procter is really for real," Cramer said.

Procter was the "sleeper" stock of the season because it got hit, he said. "People felt it didn't have a good quarter." However, it turned out to be the stock that had legs. Cramer said he liked the company's call very much.

Furthermore, while Under Armour (UA Quote - Cramer on UA - Stock Picks) was a company that formerly overpromised and underdelivered, this time it underpromised and "blew away" its own numbers, he went on. "I think it was a genuine surprise.

"And finally, maybe the best in show, the "Pirates of the Caribbean" truly was Crocs (CROX Quote - Cramer on CROX - Stock Picks)," Cramer said. "This was a remarkable quarter. They talked about how Jibbitz have become a separate line, they have many different shoes, they talked about patent protection."

Also, speaking of Pirates of the Caribbean, of the major media companies, "Disney (DIS Quote - Cramer on DIS - Stock Picks) had a very good call and people should go listen," he said. "That's a better run company than people think."

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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