Corning a Value Play
An upcoming FCC ruling on cable companies' relationships with building developers and owners should benefit Corning (GLW Quote), Cramer said. Additionally, the company has innovated bendable optical fiber, a development that should significantly reduce the cost of installing cable networks in apartments and apartment buildings, Cramer said. Furthermore, Corning has issued a conservative forecast in a recent earnings report. Cramer believes that means the company is playing the underpromise, overdeliver game. Compared with other companies in its sector, the company is tremendously undervalued, Cramer said. Investors looking to make a play on LCD companies and fiber optics should take a look at this company.Tesoro Treasure
Cramer said investor Kirk Kerkorian's recent interest in Tesoro(TSO Quote) could help lift the stocks of other refiners, such as Valero Energy(VLO Quote)(SUN Quote), Sunoco(SUN Quote) and Marathon Oil(MRO Quote). Of the three, he prefers Marathon.Lightning Round
Cramer was bullish on Vodafone(VOD Quote), Annaly Capital Management(NLY Quote), Perry Ellis International(PERY Quote), NexCen Brands(NEXC Quote), Phillips-Van Heusen(PVH Quote), Synchronoss Technologies(SNCR Quote), ValueClick(VCLK Quote), Apple(AAPL Quote), Google(GOOG Quote), Research In Motion(RIMM Quote), Furmanite Corporation(FRM Quote), Foster Wheeler(FWLT Quote), Altria(MO Quote) and Colgate-Palmolive(CL Quote).
Cramer was bearish on
J2 Global Communications(JCOM Quote) ,
3SBio(SSRX Quote),
Vimpel-Communications(VIP Quote),
E-House (China) Holdings(EJ Quote),
ConAgra Foods(CAG Quote),
Synaptics(SYNA Quote)
and
Procter & Gamble(PG Quote).
Sudden Death
During the Sudden Death round, Cramer was bullish on Research In Motion (RIMM Quote) and Diana Shipping (DSX Quote). He was bearish on Palm (PALM Quote) and Coach (COH Quote). Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here.- Loading Comments...
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