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Cramer's 'Mad Money Recap': Next Week's Game Plan

05/09/08 - 08:01 PM EDT

TheStreet.com Staff

Although Visteon's high debt and need for refinancing in a few years "is a worry," he called the company "a real automotive turnaround story."

Missing Out on a Double

Cramer told viewers how he missed the mark by not recommending Continental Resources CLR earlier this year. He said he considered recommending the company in January, but never pulled the trigger.

In January, Continental was at $26.15, a 52-week high, and while he thought the company was great, he waited for a pullback. Shortly thereafter, the stock did pull back to $22 a share, but Cramer opted to wait for an even lower price.

Then the shares jumped to $28 a share, but still Cramer did nothing. He then missed the move completely as Continental spiked from $25.91 on March 24, 2008 to its current level of $53.22.

"The lesson to be learned," he lamented, "is there's no perfect pitch in this game." He said Continental continues on a roll after reporting a great quarter recently, beating Wall Street estimates by four cents a share and predicting production growth of 48% for 2008.

"If I had followed my own rules, I would've mentioned this one to you," Cramer said. "As long as oil and gas stays strong, this one keeps going higher."

The Wall of Shame's New Member

Cramer updated his "Wall of Shame" list of the worst CEO's. He elevated Martin Sullivan, CEO of AIG AIG, to the top of the list for his horrible management of the company.

"This company is moronic and I don't trust I thing they say," Cramer said. "This is a disgrace."

"This stock would go up 10% to 20% if this man were fired," he said, adding he had pleaded to AIG's board of directors to do just that.

Lightning Round

Cramer was bullish on Apple AAPL, Intel INTC, Marathon Oil MRO, Gencor Industries GENC, First Solar FSLR, Applied Materials AMAT, XTO Energy XTO, Devon Energy DVN, CSX Corp CSX, Union Pacific UNP, Burlington Northern Santa Fe BNI, Norfolk Southern NSC and Potash POT.

Cramer was bearish on Juniper Networks JNPR, Sunoco SUN, Commscope CTV, Genentech DNA, Sunpower SPWR, Ormat Technologies ORA, Energy Conversion Devices ENER, Fifth Third Bancorp FITB, Farm & Construction Machinery GTE, Intrepid Potash IPI and Mellanox Technologies MLNX.

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 Foster Wheeler and XTO Energy.

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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