Skip to main content

Click here for an archive of Cramer's "Mad Money" recaps.

"The midterm elections are over, and it's immediately time to start looking at the 2008 presidential campaign to make money off politics," Jim Cramer told viewers of his "Mad Money" TV show Friday.

He believes that






are two "perfect plays" off the primaries.

Entering "the presidential pander season," Cramer said it's time to look at Iowa, as this is where are all the presidential candidates will start going for the caucuses. He said they also will go there because corn production has become important.

"The driver behind corn is the ethanol demand," Cramer said. Not only has there been a huge addition to the demand in ethanol, but also corn yields are down 1.5%. "Corn yields must come up, and money will be spent to bring them up," he said.

Farmers will most likely buy more fertilizer to produce more corn and then will sell the corn to companies that will convert it to ethanol, Cramer said. Mosaic and Agrium are two fertilizer companies he believes people should consider buying.

He advised buying and holding the stocks and selling them into the presidential caucuses in 2008.

On a separate note, Cramer said he is "outraged" with



Scroll to Continue

TheStreet Recommends

, as it has not given any indication as to why the stock surged today.

Image placeholder title

It seems some people knew that it was going to go higher, while others where left in the dark, he said.

"I'm ashamed by the system sometimes," Cramer said. "I want answers."

Citigroup closed up $1.14, or 2.25%, at $51.85 Friday.

A Vote for China

Cramer said that although he ordinarily never likes to recommend Chinese companies or "Communist stocks" on his show, he's giving in and advising people to buy

Global Sources



"China is a country that can legally seize any assets it wants," he said. But after doing his homework, Cramer said he would be a buyer of Global Sources.

The stock is at $14, and he believes that it is about to take "a not-so-long march" to $20. However, as the stock is "thinly traded," Cramer urged his viewers to use limit orders.

Global Sources, which makes its money by selling ads on its Web sites and in its magazines, is the second-largest business-to-business company in China and is in the process of acquiring the No. 3 company.

Moreover, Cramer said he wasn't able to hold out on recommending a China-based stock any longer because of Global Sources' numbers. The company should earn 50 cents a share this year and is on track to earn 70 cents a share next year.

Plus, it trades at less than half its growth rate and is thus undervalued, he said.

Further, Cramer believes that it is a "reliable" company and is a "survivor," as there were hundreds of Internet-based business-to-business companies that ultimately failed.


Analyst Jonathan Cramer, who recently put out a report encouraging people to buy

Best Buy


, knows what he's talking about, according to Cramer.

As market players tend to get "jittery about consumer spending" ahead of the quarter, the stock has gone down, he said. But Cramer believes that the best way to buy Best Buy is on weakness because it tends to bounce back.

"The long-term picture for the stock is good," he said. "Buy into weakness before it reports next week."

Moving on with his game plan, Cramer told viewers all the brokers report next week. Out of them he said

Goldman Sachs


, which he owns for his charitable trust,

Action Alerts PLUS, is going to have a "great" quarter. However, Cramer said he is "a tad concerned" with this stock as it has gone up.

If Goldman gets hit, and particularly goes below $200, he advised people to buy it. If Goldman gets hit, Cramer also suggested buying smaller portions of

Lehman Brothers



Bear Stearns


ahead of their quarters.

Goldman closed at $205.10 Friday.

Further, Cramer advised picking up some



, which he owns for his charitable trust,

Action Alerts PLUS, before the company has its analyst meeting on Dec. 12.

Mad Mail

In his "Mad Mail" segment, Cramer told a viewer that although there are five casino companies up for the Philadelphia casino decision on Dec. 20, he believes

Trump Entertainment


will be the one to get the bid.

"I looked at the casino bids and three of them are directly related to the waterfront," Cramer said. "Trump, however, is putting his casino in a not-so-great neighborhood and therefore will create jobs where they are really needed."

If it doesn't get the bid, Trump should fall to $19 and people should buy it then, he said.

Trump closed at $21.79 Friday.

When a viewer asked if she should wait to buy

Level 3 Communications


until after it acquires



, Cramer said no because the acquisition has "totally been factored into the stock."

Lightning Round

Cramer was bullish on

Build-A-Bear Workshop



Manulife Financial






Goldman Sachs



Federated Department Stores



J.C. Penney












Devon Energy



Hain Celestial



L-1 Identity Solutions



Cramer was bearish on

JPMorgan Chase






Bank of America






Valero Energy



Whole Foods



For more of Cramer's insights during the Lightning Round, click here


Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by

clicking here


At the time of publication, Cramer was long Goldman Sachs and Hewlett-Packard.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.