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Next week is big for earnings, and three stocks are reporting that should benefit from the weak dollar the way
has, due to its significant global exposure, Jim Cramer told viewers of his "Mad Money" TV show Friday.
First, there is
, which Cramer expects to hit $60 next week, he said. The stock closed at $57.80.
, which Cramer said should "handily" beat its numbers with its great overseas exposure.
Finally, there is
, which he also owns for his
Action Alerts PLUS and which he believes "is still the cheapest stock on the
Dow Jones Industrial Average
. This is the last quarter before the company breaks itself up, Cramer said. It should be a good quarter for Altria.
Separately, Cramer said his sources indicate
CEO Chuck Prince could be out of his position next week. Market players should consider getting into Citigroup by Friday, he said.
The biggest news on Friday, however, had nothing to do with earnings, Cramer said.
got a massive takeover bid from
, something Cramer said he's been predicting would happen for a while.
He thought this merger would happen because activist investor Carl Icahn was buying BEA Systems in increasing amounts.
Interviewed by Cramer, Icahn said: "We obviously think the company was undervalued. That's why we bought it and kept buying it." It's worth "a lot more than $17," he said. "I thought it should definitely be sold.
"You were right on," Icahn told Cramer of his BEAS takeover thesis. "Even though it has great, great technology ... we think it would be a strategic acquisition for another company. It cannot stand alone."
These kinds of potential takeovers "stand out when you look for them," Icahn said. While Oracle was hurting BEA a bit, the latter's technology would be very hard for Oracle to do on its own. "There was no question, the way I look at this, that somebody would want this," he said of BEA's technology. Further, Icahn said he believes this is the first round and other bidders will come forward with more bids for BEA.
Icahn also said he feels
has "great value" and should be split up.
Cramer called Icahn "the great value investor of our era," and suggested people go buy Motorola from what Icahn said.
Back to UBS
When a stock reports bad news and still goes higher, it's telling people it has bottomed and is ready to go much higher, Cramer told viewers.
On Oct. 1,
announced a $3.4 billion writedown because it overvalued its subprime mortgage-backed bonds, he said. It also predicted an overall loss in the third quarter because of the subprime issues.
Basically, UBS said it had lost a lot of money, yet the stock rallied. Cramer said he believes the bad news has been priced into the stock, and it's ready to go even higher. "I think it's time to start liking the best wealth aggregator in the business."
UBS has done something "unique and bold," something people don't see at other banks. "They fired the people responsible for the writedown," he said. "They fired the people responsible for the loss."
Moreover, UBS is the one financial firm that has been "consistently realistic" since the subprime crisis, Cramer said. They immediately fired people and took the necessary steps to get back on track.
The new CEO is "throwing out everything except the kitchen sink," he said. Even though the new chief, Marcel Rohner, can't be blamed for the writedown, he has taken it into his own hands to clean up the mess at UBS.
UBS has a "clever CEO" and is the best at wealth management, Cramer said. "Wherever there is money, UBS will be there." Plus, it has a nice dividend and is the investment bank of India and China, he added. Look for a pullback and then consider getting into UBS.
Cramer said he's looking this week at
Although the stock is less than $1 away from its 52-week high, it looks like Tutogen could be headed up on deals with other companies. Cramer said he likes the stock, because it's likely it will get a bid from
. The company, he said, made a bid for Tutogen last year, but Tutogen didn't accept the low price. Zimmer would have to pay up for Tutogen, but even if it didn't, Tutogen is still worth considering, Cramer said.
It looks expensive, but Tutogen has a 40% long-term growth rate, its business is growing and it has good earnings visibility, he said. However, be careful not to get it in too much higher than where the stock is now, Cramer warned viewers. Tutogen closed at $11.55.
Bull and Bear
Cramer welcomed somebody to the show he never thought he would: a bear. A Chicago Bear, that is, and linebacker Hunter Hillenmeyer, to be exact.
When Hillenmeyer asked Cramer about
Las Vegas Sands
, Cramer pointed out the management there is "extraordinary."
However, he believes
is running the best casino in Macau. Cramer advised taking a little off the table.
Next, he suggested Hillenmeyer consider selling
on Monday and buying more
, which Cramer owns for his charitable trust, below $80.
Even though NYX has done everything right, it's just a "hated stock," Cramer said.
He recommended the NFL star also buy Coca-Cola or United Technologies.
Cramer was bullish on
Fifth Third Bancorp
Cramer was bearish on
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At the time of publication, Cramer was long Citigroup, EMC, McDonald's and NYSE.
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