Cramer's 'Mad Money' Recap: Stellar Commodity Stocks

Stock quotes in this article: POT , AUY , AEM , CHK  

Cramer cited Chesapeake's CEO, Aubrey McClendon, who just recently purchased 400,000 shares. McClendon, Cramer noted, has a proven track record of making money on his company's stock.

He highly recommended "piggy-backing" off of McClendon's moves, noting McClendon is a proven winner.

Following Pennsylvania's Lead

Cramer welcomed Pennsylvania Gov. Ed Rendell to discuss his state's handling of the subprime mortgage crisis. Rendell said his state's foreclosure activity is four to five times lower than some neighboring states.

The governor cited several things his state has done to help tackle the crisis early on. In 2003, the state has assigned 30 additional people to closely monitor the lending industry. The state also provided financial counseling to over 12,000 at-risk homeowners.

Rendell also noted two other state programs, including one to provide additional financial and mortgage education to students and adults. A second program allows the state to step in and purchase at-risk loans and refinance them at an affordable rate for homeowners.

Cramer commended Rendell for his insights and handling of the mortgage crisis. And he again advocated his idea for a national federal home loan assistance program that would be similar to the one Rendell has implemented for his state.

Lightning Round

In the Lightning Round, Cramer was bullish on Chesapeake Energy Corp (CHK Quote), Freeport-McMoRan (FCX Quote), CVRD (RIO Quote), Mosaic (MOS Quote), Nucor (NUE Quote), Transocean (RIG Quote) and America Movil (AMX Quote).

Cramer was bearish on Linn Energy (LINE Quote), ALCOA (AA Quote), USEC Inc (USU Quote), Gibraltar Industries (ROCK Quote), Telefonica (TEF Quote) and Google (GOOG Quote).

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 Yamana Gold 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."

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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