Cramer's 'Mad Money' Recap: Finding Opportunity in a Declining Stock

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Exxon Mobil (XOM): "No one ever got hurt owning it. I like Chevron (CVX), Exxon is just OK in my book."

Diageo (DEO): "These are terrific stocks. They are the best."

Leap Wireless (LEAP): "Look before you leap. I think you should buy Sprint Nextel (S)."

Duke Energy (DUK): "I'm a buyer of Duke, even though I don't like their boardroom manners."

Gannett (GCI): "I'd like it to come in a little. They're money."

Hovnanian Enterprises (HOV): "No, I'd rather see you in Weyerhaeuser (WY)."

ConocoPhillips (COP): "It's OK. Chevron is cheaper and has more growth."

Tenaris (TS): "It's not bad but you can get Schlumberger (SLB) for a discount. I'm going there."

Sirius XM Radio (SIRI): "The bears are putting a cap on that stock, but I'm a believer."

Treacherous Technology

It used to be that fall was the time to buy all things tech, Cramer told viewers, but in today's market technology is more treacherous than ever, as a recent downgrade of the entire semiconductor equipment sector further illustrated. But are there any bright spots worth owning?

Cramer said even with new product cycles from Intel (INTC) and Microsoft (MSFT), the PC market has gone from fast growth to slow growth to no growth to declines. He said that Apple (AAPL), a stock he owns for his charitable trust, Action Alerts PLUS, remains the only player in that cohort.

The rest of the PC makers and suppliers remain value traps, said Cramer, including AMD (AMD), Micron (MU), Nvidia (NVDA) and Xilinx (XLNX). He said only Broadcom (BRCM) and Qualcomm (QCOM) have any upside potential.

In the big data space, Cramer said he likes EMC (EMC), but wouldn't extend that logic to include servers or disk drive makers. He remained bullish on Google (GOOG) and said that consulting plays like IBM (IBM) are also strong.

Finally, Cramer said that Facebook (FB) might be worth owning as the company may be getting its act together after seeing its shares falter for so long.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer spoke about his earlier interview with Starbucks (SBUX) CEO Howard Schultz. He said that investors want to be betting with, not against, Schultz, who is setting up his company for a third round of growth.

Cramer was less optimistic on Green Mountain Coffee Roasters (GMCR), currently a Starbucks partner but also a company that will eventually become the competition as Starbucks unleashes its new Verismo coffee maker to the public.

--Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, BRCM, CVX, IBM, SLB and WY.

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.

« First ‹ Previous 1 2 3