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has a product that could revolutionize the health care industry, Jim Cramer told viewers of his "Mad Money" TV show on Speculation Friday.
The Given System is a wireless imaging system that uses disposable video capsules, he explained. And the company sells a medical device called the PillCam, a pill-sized camera that people swallow to detect internal problems.
Israel-based Given has already used its PillCam capsule for endoscopy procedures in which cameras have checked out patients' upper and lower intestines. This method, Cramer said, seems much more comfortable than checking out gastronomical problems the old-fashioned way.
In the past, Cramer said, he's made viewers money in such medical device companies as
In Intuitive Surgical's case, Cramer speculated on much more complicated technology, whereas in Given's case, he said he's betting on the success of a simple PillCam.
If people buy Given, they'll be taking a "calculated risk." But if the PillCam is as much of a hit as he believes it might be, the big earnings should start rolling in within a couple of years, Cramer said.
For medical devices, he said, he looks at both rigor and pending approvals. Given is coming out with PillCams for the esophagus and colon. Plus, its guidance looks promising and is a sign that there's more to come from the company.
The Next aQuantive
The next Internet-related advertising company that could get bought out is
, Cramer told viewers.
Interestingly, the company recently had a secondary offering, in which it sold over 8 million shares at $18 and change. If Omniture can sell this amount of stock at $18, "no amount of stupid sellers can knock this thing down," Cramer said. "There's too much demand."
In addition, the company has a "great niche," he said. It makes the software that lets companies know what people are watching on the Internet. It measures trends and customer behavior on the Web.
"With Omniture, you can tell advertisers what is hot at the exact moment," Cramer said.
If he were in charge of
, which he owns for his charitable trust,
Action Alerts PLUS, Cramer said he would have bought Omniture yesterday.
Using comparative analysis, Cramer said that if Omniture's earnings are valued the same as Microsoft valued
earnings when it purchased the company for $16 billion, Omniture is a $35 stock. Omniture closed at $20.66 Friday.
However, Cramer said he's recommending Omniture here on Speculation Friday not because of its margins but because it's a likely takeover candidate.
Cramer urged people not to worry about the two hedge funds that recently imploded at
While one fund was saved, the other could not be. "What really happened here is a foolish money manager made a stupid mistake," Cramer said. When there is a "wounded" manager out there, it is bad news for the fund.
All this might sound serious, but it shouldn't have any impact on Bear Stearns, he reassured viewers. In fact, he said he would buy Bear Stearns next Thursday.
The two funds, Cramer said, are not as significant to the company as people think.
Moving on with his "Game Plan," Cramer said that next week he'd look at the companies speaking at the
In particular, Cramer said he would consider
Further, he said he would put half his position on
before it reports and put the second half on any weakness after earnings. Cramer owns Nike and XTO for his charitable trust,
Action Alerts PLUS.
Cramer told market players to consider getting into
, which doesn't seem to be getting the credit it deserves, as well as
and the "low-risk" play
reports. "It should continue to motor up," he said. "Buy it on any weakness between now and then."
Finally, if people don't own
Research In Motion
already, Cramer advised waiting until after it reports next week to buy it.
In his "Mad Mail" segment, Cramer agreed with a viewer that
, a stock that Warren Buffett owns, is a very inexpensive stock and a great steel company.
Moreover, he told another mailer that he believes
is still going higher and that people should be careful with
, which was down a couple of points today.
Cramer was bullish on
Huron Consulting Group
Cramer was bearish on
For more of Cramer's insights during the Lightning Round, click here
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At the time of publication, Cramer was long Nike and Yahoo! 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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