Gas, Gas, GasFor a short-term natural gas play, Cramer likes EOG Resources ( EOG) and Bill Barrett ( BBG). Prices for natural gas are around $14, up from roughly $7 in May, said Cramer, and many natural gas companies have sold contracts at lower prices. But, EOG and Bill Barrett have lots of gas available to sell on the spot market at today's higher prices, he said. Cramer expects EOG and Bill Barrett to "make the mad money" over the next several quarters. Longer term, Cramer is still bullish on Chesapeake Energy ( CHK), EnCana ( ECA) and Southwestern Energy ( SWN - Get Report).
Timeout for Gaming StocksGaming stocks have been "flat-lining," said Cramer, so he had Boyd Gaming ( BYD - Get Report) CFO Ellis Landau on the telephone to discuss what could turn the group around. Landau said his company had been hurt by the hurricanes and that it had to close two casinos as a result. Lower consumer confidence is also hurting the company, he said. Cramer asked Landau if high gasoline prices were keeping people away. Landau said anecdotally, at least, high gas prices didn't seem to be a problem. Of Boyd's planned expansion of its Stardust casino in Las Vegas, the company would be ready to announce its plans at the end of the year, Landau said. Cramer said Boyd Gaming was one of the two best casino stocks, along with Harrah's Entertainment ( HET). But with gasoline and natural gas prices high and going higher, Cramer is not comfortable buying them now.
Lennar Joins S&PCommenting on news after the close that Lennar has been added to the S&P 500, Cramer warned shorts to "look out." Also, the Navy exercised a contract for "double the number of fuel cells," from Hoku Scientific ( HOKU), said Cramer. Finally, following up on a stock that had stumped Cramer during the lightning round, United Therapeutics ( UTHR - Get Report), Cramer said, "I'm backing the truck up for that one."
Lightning RoundBullish Cramer was bullish on Warren Resources ( WRES), Ciena ( CIEN - Get Report), Tekelec ( TKLC), JDSU ( JDSU), PPG Industries ( PPG - Get Report), Claire's Stores ( CLE), Allscripts Healthcare Solutions ( MDRX - Get Report), Hewlett-Packard ( HPQ - Get Report), Southwestern Energy ( SWN - Get Report), Procter & Gamble ( PG - Get Report), Lions Gate Entertainment ( LGF), American Express ( AXP - Get Report), Cendant ( CD), WellCare Health Plans ( WCG - Get Report), UnitedHealth Group ( UNH - Get Report), Weyerhaeuser ( WY - Get Report), Plum Creek Timber ( PCL), Georgia-Pacific ( GP), Newfield Exploration ( NFX), Hornbeck Offshore Services ( HOS - Get Report), Halliburton ( HAL - Get Report), Motorola ( MOT), Ericsson ( ERICY), Advanced Micro Devices ( AMD - Get Report), Toyota Motor ( TM - Get Report), Syneron Medical ( ELOS), Transocean ( RIG - Get Report) and GameStop ( GME - Get Report). Bearish Cramer was bearish on Exxon Mobil ( XOM - Get Report), Verizon Communications ( VZ - Get Report), Service Corporation International ( SCI), StoneMor Partners ( STON - Get Report), Dell ( DELL), Circuit City Stores ( CC - Get Report), Radio Shack ( RSH), Brocade Communications Systems ( BRCDE), Nokia ( NOK - Get Report), Best Buy ( BBY - Get Report) and IMAX ( IMAX - Get Report).
Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|
|Check back for more of Cramer's Rules|