Cramer's 'Mad Money' Recap: Fed Gets a Clue

08/07/07 - 07:24 PM EDT

TheStreet.com Staff

"They're worried about saturation in the sector. But we've seen a different situation."

Cramer called this a "real worry" and suggested that people wait for IPOs to happen to see if it puts more pressure on ELOS.

To view Cramer's interview with Doron Gerstel, please click here.

During his "Mad Mail" segment, Cramer read two emails he received from viewers thanking him for speaking up during last Friday's "Stop Trading!" and talking about the humanity of the mortgage situation.

"Thank you for your support," Cramer said. "I know I was out there ... but still am very proud of it."

Lightning Round

Cramer was bullish on Chesapeake Energy (CHK Quote - Cramer on CHK - Stock Picks), Wynn Resorts (WYNN Quote - Cramer on WYNN - Stock Picks), Las Vegas Sands (LVS Quote - Cramer on LVS - Stock Picks), Apache (APA Quote - Cramer on APA - Stock Picks), Schlumberger (SLB Quote - Cramer on SLB - Stock Picks), Helix Energy (HLX Quote - Cramer on HLX - Stock Picks), Shaw Group (SGR Quote - Cramer on SGR - Stock Picks), Fluor (FLR Quote - Cramer on FLR - Stock Picks), McDermott (MDR Quote - Cramer on MDR - Stock Picks), DaimlerChrysler (DCX Quote - Cramer on DCX - Stock Picks), Boeing (BA Quote - Cramer on BA - Stock Picks), Cisco (CSCO Quote - Cramer on CSCO - Stock Picks), Level 3 Communications (LVLT Quote - Cramer on LVLT - Stock Picks), Garmin (GRMN Quote - Cramer on GRMN - Stock Picks), Crocs (CROX Quote - Cramer on CROX - Stock Picks) and Under Armour (UA Quote - Cramer on UA - Stock Picks).

Cramer was bearish on Zebra Technologies (ZBRA Quote - Cramer on ZBRA - Stock Picks), Haynes International (HAYN Quote - Cramer on HAYN - Stock Picks), Starbucks (SBUX Quote - Cramer on SBUX - Stock Picks), Juniper Networks (JNPR Quote - Cramer on JNPR - Stock Picks) and Weyerhaeuser (WY Quote - Cramer on WY - Stock Picks).

For more of Cramer's insights during the Lightning Round, click here.

Pop Quiz! Are you a loyal "Mad Money" viewer? Take TheStreet.com's new "Mad Money" culture quiz to see how much of the show you've caught this week or just to immerse yourself in Cramer's nonfinancial madness.

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 Fannie Mae.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

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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