Cramer's 'Mad Money' Recap: June 27

06/27/08 - 08:03 PM EDT

TheStreet.com Staff

No residential and no auto markets is something I like, said Cramer.

Baldor's stock has dropped 3% since June 17, making it attractive play on the pull back.

Over the last 18 months, Baldor has doubled its sales, doubled its profit, paid off $235 million in debt and increased its global footprint.

"We have done a very good job of transforming the company," said McFarland. "Our business is solid and we are quite pleased with how we are doing in Europe, Asia and North America."

Cramer agrees. Stick with Baldor, he said.

Lightning Round

Cramer was bullish on Alliance Resource Partners(ARLP Quote - Cramer on ARLP - Stock Picks), Phillip Morris(PM Quote - Cramer on PM - Stock Picks), CRBL(CBRL Quote - Cramer on CBRL - Stock Picks), and Grupo Simec(SIM Quote - Cramer on SIM - Stock Picks).

He was bearish on Oshkosh(OSK Quote - Cramer on OSK - Stock Picks) and China Finance Online(JRJC Quote - Cramer on JRJC - 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 not long on any stock.

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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