Cramer's 'Mad Money' Recap: The Case for Rate Cuts

01/28/08 - 07:46 PM EST

TheStreet.com Staff

Cramer said he still likes Liz Claiborne (LIZ Quote - Cramer on LIZ - Stock Picks), VF Corp (VFC Quote - Cramer on VFC - Stock Picks) and Jones Apparel (JNY Quote - Cramer on JNY - Stock Picks), but says Van-Heusen is cheap and should be bought ahead of the proposed federal stimulus package.

Mad Mail

In this segment, Cramer corrected a Lightning Round stock he mentioned during his show on Friday.

Cramer said he mistakenly referred to Westinghouse Air Brake (WAB Quote - Cramer on WAB - Stock Picks) when he really meant Wabco (WBC Quote - Cramer on WBC - Stock Picks). Cramer said he was recommending Wabco, but also believes that Westinghouse Air Brake is also a good business.

Cramer told another viewer that McDonald's (MCD Quote - Cramer on MCD - Stock Picks), a stock he owns for his charitable trust, Action Alerts PLUS, is a major buy despite its current weakness.

A third viewer asked about Diana Shipping (DSX Quote - Cramer on DSX - Stock Picks). Cramer said he still remains negative on Diana.

Lightning Round

Cramer was bullish on Ultra Petroleum (UPL Quote - Cramer on UPL - Stock Picks), DirecTV (DTV Quote - Cramer on DTV - Stock Picks), Discovery Holdings (DISCA Quote - Cramer on DISCA - Stock Picks), Mercadolibre (MELI Quote - Cramer on MELI - Stock Picks), Apple (AAPL Quote - Cramer on AAPL - Stock Picks), First Solar (FSLR Quote - Cramer on FSLR - Stock Picks), Northrop Grumman (NOC Quote - Cramer on NOC - Stock Picks), Boeing (BA Quote - Cramer on BA - Stock Picks), AT&T (T Quote - Cramer on T - Stock Picks), Verizon (VZ Quote - Cramer on VZ - Stock Picks) and Texas Instruments (TXN Quote - Cramer on TXN - Stock Picks).

Cramer was bearish on McGraw-Hill (MHP Quote - Cramer on MHP - Stock Picks), Broadcom Corp (BRCM Quote - Cramer on BRCM - Stock Picks), Trimble Navigation (TRMB Quote - Cramer on TRMB - Stock Picks), Garmin (GRMN Quote - Cramer on GRMN - Stock Picks), MEMC Electronics (WFR Quote - Cramer on WFR - Stock Picks), Southern Peru Copper (PCU Quote - Cramer on PCU - Stock Picks), Clearwire (CLWR Quote - Cramer on CLWR - Stock Picks) and Aecom Technology (ACM Quote - Cramer on ACM - Stock Picks)

Want more Cramer? Check out Jim's rules and commandments for investing 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 Discovery Holdings and McDonald's.

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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