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is beginning to stabilize, the Internet giant must "jump-start its growth," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.
Cramer, who owns the stock for his charitable trust,
Action Alerts PLUS, believes Yahoo! can't grow organically and needs to purchase other companies.
Over the next week, Cramer said he's going to give his viewers a list of little Internet companies Yahoo! could buy.
The first of these is
, a financial Internet stock that helps people find the "best loans" and makes money from advertising, he said.
Bankrate could easily be swallowed up and would enable Yahoo! to "expand its long arm across the Net," Cramer said.
He advised buying Bankrate, as he believes the stock will go up as housing returns gradually over the next months.
is "a great way to play one of the last capitalist countries
Peru standing in Latin America," Cramer told his viewers.
One of the best reasons to buy this stock is the yield. In fact, if market players bought Southern Copper and it did nothing for a year, they would be up 8% because of its "glorious" dividend, he said.
"Even if copper is cheaper, it's in demand," said Cramer, who added that Southern Copper has a "monster upside surprise" coming.
The company just opened a big mine and settled a major labor dispute favorable to Southern Copper's management, he said. Plus, this year the company is not hedging.
Removing the cost of hedging should cause an "earnings explosion," Cramer said. He advised people to buy Southern Copper on a pullback.
Mail It In
In Cramer's "Mad Mail" segment, when a viewer asked him what keeps a stock like
Smith & Wesson
going, Cramer said it did well because its expectations were low, and it got backed by the government on litigation risk.
It turns out a lot of Smith & Wesson's money went to lawyers, so when that ended, it had more money, he said.
Cramer told another viewer he has been hurt by
, which he owns for his charitable trust,
Action Alerts PLUS.
He said he backed William McGuire, the company's CEO, and McGuire ended up letting him down.
He warned one viewer to stay away from after-hours trading and told another that he prefers
In the "Am I Diversified?" segment of the show, Cramer's first caller owned the following five stocks:
Cramer said he was "enamored" of the portfolio and that the caller was completely diversified.
The next caller named the following five stocks:
Sirius Satellite Radio
As the portfolio contained two speculative stocks, Chiquita and Sirius Satellite, Cramer said he could not bless it.
Cramer's last caller had these five stocks:
, Yahoo! and
He told the caller his portfolio was well played and well done and blessed it diversified.
Cramer was bullish on
LM Ericsson Telephone
Cramer was bearish on
XM Satellite Radio
Family Dollar Stores
For more of Cramer's insights during the Lightning Round, click here
In the "Sudden Death" round Cramer was bearish on
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
At the time of publication, Cramer was long Altria, Sears, Schering-Plough, UnitedHealth Group and Yahoo!.
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