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One way to make money from Friday's market bloodbath is by buying stocks with the "single-best estimate beats," Jim Cramer told viewers of his "Mad Money" TV show on Tuesday.
fits this description. One of his favorite infrastructure plays, the company reported great numbers before last week's selloff and it's a stock people should think about buying, Cramer said.
After its beat, the stock "powered up relentlessly" -- that's how good its quarter was -- but now because of the selloff, it's gone down and there is an entry point to get into this stock, Cramer said.
Beyond its great quarter, another good reason to buy Shaw Group is that there is a scarcity of good nuclear plays, and it should benefit from a number of nuclear projects in the works, he said. "As each plant gets approval, the stock should go up."
In addition, the company has its hands on plants in India and China, Cramer continued. It also could be a takeover candidate, he added. "This stock is too cheap and should go higher."
Safe at Home
The microtrends mentioned by author Mark Penn his book,
Microtrends: The Small Forces Behind Tomorrow's Big Changes
, are really mega-trends and can help people make a lot of money, Cramer told viewers.
"Every chapter in this book is a different group of people that you probably didn't know about," and represents tremendous buying power, he said.
Cramer focused on the second chapter of the book, which breaks down the stay-at-home worker trend. Right now there are 4.2 million Americans who work from home, he said, and this is a new reason to own
Cisco has the technology and allows stay-at-home workers to access their business network, Cramer said. "It makes you feel like you're at the office." Moreover, Cisco's recent acquisition of Linksys has helped the company grow in this area, he said.
The fact that Cisco is tapping into the trend of more and more people working from home is just one of many great reasons to buy the stock, Cramer said. The company reports quarterly earnings on Nov. 7; Cramer expects the stock should go higher because it "deserves better."
On a separate note, Cramer said it's time to sell
. "Now there are only three horsemen of tech," he said.
Of the three horsemen, Cramer suggested taking off the table 50% of both
Research In Motion
, which is up 127% since he recommended it
on, he advised.
In his "Mad Mail" segment, Cramer said he has not advised viewers to buy
because the stock has gone up so much.
Responding to another viewer email, Cramer suggested blowing out of
"on any lift." The company's management, he said, has "lost its way."
Am I Diversified?
During the show's "Am I Diversified?" game, Cramer's first caller asked if he was diversified with the following five stocks:
, the latter two of which Cramer owns for his charitable trust,
Action Alerts PLUS.
"That is definite, definite diversification," Cramer said of the portfolio.
The second caller named these five plays:
, which Cramer also owns for his charitable trust.
Cramer pointed out a pair in Pfizer and Bristol-Myers. He suggested selling one and picking up a defense contractor.
The next player called out the following five stocks: Citigroup,
, an Action Alerts PLUS name,
Thermo Fisher Scientific
Cramer blessed the portfolio as diversified.
The final caller asked about these five stocks:
Cramer said the portfolio had a little too much health care, but said it's OK because Nastech could be classified as speculative.
Cramer was bullish on
International Game Technology
Cramer was bearish on
Johnson & Johnson
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At the time of publication, Cramer was long EMC, Goldman Sachs and Citigroup.
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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