Cramer's 'Mad Money' Recap: Piercing the Negativity

02/07/08 - 07:54 PM EST

TheStreet.com Staff

Fortune is a huge conglomerate with a wide portfolio of goods, including products for the home as well as liquor and golf brands.

The housing slump has weighed on the company's sales. But Carbonari said the current weakness in housing is only a correction and not long term. He said the company continues to invest in its brands to deliver higher growth in the future.

Carbonari would not comment on the company's potential acquisition of the "Absolut" Vodka brand, but he did say the brand has significant value and fits in well with its other spirits business.

Cramer said his opinion on Fortune rests solely on the current housing crisis. He said investors should not buy Fortune if they believe the housing crisis is going to drag on for longer than six months.

Sudden Death

Cramer was bearish on SiRF Technology (SIRF Quote - Cramer on SIRF - Stock Picks) and Broadcom (BRCM Quote - Cramer on BRCM - Stock Picks).

Lightning Round

Cramer was bullish on St. Jude Medical (STJ Quote - Cramer on STJ - Stock Picks), Avery Dennison (AVY Quote - Cramer on AVY - Stock Picks), Accenture (ACN Quote - Cramer on ACN - Stock Picks), Akamai Technologies (AKAM Quote - Cramer on AKAM - Stock Picks), China Life Insurance (LFC Quote - Cramer on LFC - Stock Picks), Focus Media (FMCN Quote - Cramer on FMCN - Stock Picks), Baidu.com (BIDU Quote - Cramer on BIDU - Stock Picks), Riverbed Technologies (RVBD Quote - Cramer on RVBD - Stock Picks), Capital One Financial (COF Quote - Cramer on COF - Stock Picks) and Apollo Group (APOL Quote - Cramer on APOL - Stock Picks).

Cramer was bearish on Boston Scientific (BSX Quote - Cramer on BSX - Stock Picks), Cypress Semiconductor (CY Quote - Cramer on CY - Stock Picks), Infosys Technologies (INFY Quote - Cramer on INFY - Stock Picks), American Express (AXP Quote - Cramer on AXP - Stock Picks), Triumph Group (TGI Quote - Cramer on TGI - Stock Picks), JetBlue Airways (JBLU Quote - Cramer on JBLU - Stock Picks) and ITT Educational Services (ESI Quote - Cramer on ESI - 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 St. Jude Medical.

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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