Corning a Value Play
An upcoming FCC ruling on cable companies' relationships with building developers and owners should benefit Corning (GLW), 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 TreasureCramer said investor Kirk Kerkorian's recent interest in Tesoro (TSO) could help lift the stocks of other refiners, such as Valero Energy (VLO) (SUN), Sunoco (SUN) and Marathon Oil (MRO). Of the three, he prefers Marathon.
Cramer was bullish on Vodafone (VOD), Annaly Capital Management (NLY - Get Report), Perry Ellis International (PERY - Get Report), NexCen Brands (NEXC), Phillips-Van Heusen (PVH), Synchronoss Technologies (SNCR), ValueClick (VCLK), Apple (AAPL), Google (GOOG), Research In Motion (RIMM), Furmanite Corporation (FRM), Foster Wheeler (FWLT), Altria (MO) and Colgate-Palmolive (CL - Get Report).Cramer was bearish on J2 Global Communications (JCOM) , 3SBio (SSRX), Vimpel-Communications (VIP), E-House (China) Holdings (EJ), ConAgra Foods (CAG), Synaptics (SYNA) and Procter & Gamble (PG).