Cramer On DemandCramer said Wal-Mart ( WMT) is in the midst of a turnaround thanks to improvements in the look and feel of its stores. Cramer disliked Wal-Mart for five years, he said, because its stores had lost their "excitement." People want to feel good when they spend, he said. But Wal-Mart has put a former Target ( TGT) executive in charge of improving the stores. Target "gets it," he said.
Stump CramerIn his weekly "Stump Cramer" segment, Cramer was tripped up by Delphax Technologies ( DLPX), Imperial Industries ( IPII), BSD Medical ( BSM) and Cadence Resources ( CDNR). Cramer knew China Techfaith Wireless Communication Technology ( CNTF) or Superior Well Services ( SWSI), which he called "one of the best" oilfield services companies.
Cramer's CallersIn response to a question about First Marblehead ( FMD), Cramer said Tom Brown of Bankstocks.com called the student loan servicing company "one of the most attractive investment opportunities of 2006." Cramer, reading from Brown's report, said the skeptics are "way, way too negative" and have "concocted arguments that make no sense." Cramer said Brown is a "moneymaker," and "his picks win." Speaking of Fidelity Contrafund ( FCNTX), Cramer said he is a fan of manager Will Danhoff because he buys stocks that go up in good times and doesn't get hurt in bad times. Of Lucent ( LU), Cramer said even though he owns it and is positive on CEO Patricia Russo and CFO Frank D'Amelio, he doesn't believe the stock will do much for the next couple of quarters. Lucent "did one thing right," he said, when it reported its last quarter. It took all the optimism out of the stock, he said. So, Cramer doesn't believe there is much downside in Lucent. But, "I don't know if I can make you money in Lucent right now," he said. Cramer would buy Viacom ( VIA) before it splits into two separate entities. Cramer is bullish on both CBS and Viacom. He likes CBS because it is a "moneymaker," and he likes the new Viacom, which will have the high growth cable TV channels. Both entities will have excellent CEOs, he said. Cramer said Sulphco ( SUF) is a controversial stock and a "highly speculative" company. Critics say management's track record "isn't any good" and that it can't be trusted, he said. The stock does not belong in an IRA or a 401(k), said Cramer. News that Chevron ( CVX) will do a "gigantic buyback" and implement a "remarkable expansion" of its drilling activities is a boon to drillers such as Nabors Industries ( NBR), Schlumberger ( SLB), Halliburton ( HAL) and Baker Hughes ( BHI), said Cramer. All are going to have up years in 2006, he said, because of Chevron's increase of capital expenditures by 35%. That should prompt other oil companies to do the same, he said. Cramer likes the oil drillers but said to sell the oil companies.