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Editor's Note: This was sent to subscribers of Action Alerts PLUS at 9:42 a.m. EST on Jan. 26. Cramer holds Fortune Brands, JDSU, Charter, Nortel and Commerce Bancorp in his Action Alerts PLUS portfolio.

Fortune Brands

(FO:NYSE) continues to push higher after reporting knockout fourth-quarter earnings last week. At $82.54, the shares are up more than $3 from where I last sold it and I now have a 12% gain on the position. With that in mind, I'm going to sell another 500 of my 1,500 Fortune shares after you read this.

I'm also going to purchase 500 shares of

Commerce Bancorp

(CBH:NYSE), which has now dropped 10% in the past week and a half. The bank has the most attractive growth prospects in the business. At $56.20, I think the stock largely pricing in any fallout that may come from the upcoming trial about the political contributions of former executives. This purchase will give me a total of 2,000 shares of Commerce, or about 3.2% of my overall portfolio.

P.S. I'm marking

JDS Uniphase


Charter Communications

(CHTR:Nasdaq) and


(NT:NYSE) for sale. I'm currently restricted from selling these stocks, or else I'd unload my position in each one at these levels. I generally like to hold no more than 25 names in my portfolio, but these three stocks account only for 4.5% of my holdings and I want the freedom to add a new position, should the opportunity arise in the meantime.

Again, there is no reason for you readers to still own JDS Uniphase, Charter and Nortel. I no longer consider these even Four-rated stocks, the lowest rating in my Weekly Roundup. You won't hear me mention them again until my restrictions clear and I'm finally allowed to sell.

P.S. One of the keys to successful investing is a smart portfolio strategy. So you might want to consider a

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At the time of publication, James J. Cramer was long Fortune Brands, JDSU, Charter, Nortel and Commerce Bancorp.

Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made.

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