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Viewers may have taken a holiday break, but the Food and Drug Administration didn't, Jim Cramer said on Tuesday's "Mad Money" TV show.
That's why he said it's time to buy
, which was anointed by the FDA with an approvable letter for Vivitrol, its treatment for alcoholism.
"It's as close to having approval without having approval as a drug can be," he said.
While it's not a totally new treatment, it doesn't have a lot of competition. And, said Cramer, because Americans are lazy and don't want to work to treat their bad habits, this drug could explode.
He told a caller that he likes new pharma better than old, also recommending
In the world of sleep drugs, Cramer said that the game was over for
and its sleep disorder treatment Lunesta. Instead, said Cramer,
will be the winner in the sleep drug wars when its sleep drug is approved in 2006.
Cramer said that Neurocrine's treatment has posted top-notch results in clinical trials, and that it has a 200-person sales team behind it. No matter how good a drug is, it will do better when a company throws the necessary resources behind it. He recommended buying the stock before FDA approval was granted.
He told a caller that personalized medicine and genetics wasn't the game to be in, but that history shows FDA approval will boost a stock.
Remember the Titaniums
What will be the best-performing stock of 2006? Cramer said to find out, you have to look back to 2005.
The best-performing stock of 2005 was
, but he doesn't think it will repeat its performance in 2006.
But titanium the metal is a different story. It's the best natural resource out there, better than gold, Cramer said, because of its use in the aerospace cycle.
is too big and too widely held to be in the running for best-performing stock in 2006, he said, adding that it may beat the
That leaves us with
as Cramer's pick for best-performing stock of 2006.
Cramer said the company should beat the market because it has titanium exposure as the metal enters a bull market due to demand from the aerospace cycle, and the company is expanding all along the titanium production chain.
Natural Gas Wonders
Cramer is always on the hunt for a good stock in Canada and he welcomed Ernie Sapieha, president and chief executive of
, to the show.
Sapieha said that the company has a lot of drilling opportunities and that gas prices are really solid, which should support the company in 2006. But Cramer was unconvinced that the company was all that different from other small natural gas businesses, so gave the stock one thumb up.
He was more enthusiastic about
, which topped its latest quarterly earnings estimates.
All the upside in the last quarter was driven by the medical side of the business.
But Cramer thinks the company's superpower division -- which transports superconductor materials with no resistance so there's no loss of energy -- will generate profits in the not-so-distant future.
To view Cramer's interview with Sapieha, click here.
Cramer was bullish on
Allscripts Healthcare Solutions
Hudson City Bancorp
Freeport-McMoRan Copper & Gold
Energy Conversion Devices
Advanced Micro Devices
Cramer was bearish on
Ultimate Software Group
Sirius Satellite Radio
Martha Stewart Living Omnimedia
For more of Cramer's insights during the Lightning Round, click here
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As originally published, this story contained errors. Please see
Corrections and Clarifications.
At the time of publication, Cramer was long Ameritrade, Boeing, Cephalon and Motorola.
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