Jim Cramer's Stop Trading! Go for Gear
A
Lucent
(LU)
-
Alcatel
(ALA)
merger could spawn a wave of takeovers in the telecom equipment space, Jim Cramer said on
CNBC's
"Stop Trading!" segment Friday.
Cramer said possible winners could be
JDSU
(JDSU)
,
Corning
(GLW) - Get Corning Inc Report
,
TheStreet Recommends
MRV Communications
(MRVC)
,
Finisar
(FNSR) - Get Finisar Corporation Report
,
Avanex
(AVNX)
and
Mindspeed
(MSPD)
.
Cramer was very wary of
CMGI
(CMGI)
, which he called a former "house of pain."
Cramer's favorite homebuilder remains
KB Home
, which he recommended buying after next week's
Fed
meeting. In the energy space, he named
Quicksilver
(KWK)
,
Devon Energy
(DVN) - Get Devon Energy Corporation Report
and
Houston Exploration
(THX)
as natural gas "catch-up" plays.
Cramer predicted shorts would get hurt on
Countywide Financial
(CFC)
, whose managers should be able to navigate more rate hikes.
At the time of publication, Cramer was long Countywide Financial.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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