Cramer's 'Mad Money' Recap: Fed Wakes Up

01/22/08 - 07:35 PM EST

TheStreet.com Staff

The second player had a position in Celgene(CELG Quote - Cramer on CELG - Stock Picks) and asked if it could be a long-term investment. Crmaer said he sees $8 to $10 of upside left in Celgene, but would not hold it long-term.

Lightning Round

Cramer was bullish on Research In Motion (RIMM Quote - Cramer on RIMM - Stock Picks), Transocean (RIG Quote - Cramer on RIG - Stock Picks), J. Crew (JCG Quote - Cramer on JCG - Stock Picks), Freeport-McMoRan (FCX Quote - Cramer on FCX - Stock Picks), Baidu.com (BIDU Quote - Cramer on BIDU - Stock Picks) and Focus Media (FMCN Quote - Cramer on FMCN - Stock Picks).

Cramer was bearish on Diamond Offshore (DO Quote - Cramer on DO - Stock Picks), Shutterfly (SFLY Quote - Cramer on SFLY - Stock Picks) and BHP Billiton (BHP Quote - Cramer on BHP - Stock Picks).

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

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

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At the time of publication, Cramer was long Transocean and Freeport-McMoRan.

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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