Lightning RoundCramer was bullish on: First Marblehead ( FMD), AutoNation ( AN), Sears ( SHLD), Starbucks ( SBUX), Archipelago ( AX)and Southern Copper ( PCU). Cramer was bearish on IntercontinentalExchange ( ICE)and NitroMed ( NTMD).
Cramer UnstumpedCramer welcomed Dave Peltier, a co-author of TheStreet.com's
Google GreedCramer also offered some guidance on Google, which received a $600 price target from a Piper Jaffray analyst. Once it goes above $500, he said, it's time to take some money off the table "because bulls make money, bears make money and pigs get slaughtered." He then took some time to answer a 401(k) question. A listener remembered that Cramer had recommended buying Gilead Sciences ( GILD) because the biotech was a part of the Fidelity Contrafund's holdings. He wanted to know if Cramer thought it would be a good idea to play a single stock in his retirement portfolio or if he should buy the fund itself. Cramer said that mad money should be used for trading, and that includes buying Gilead as a trade. He agreed with the listener that it's best to have a professional manage his retirement stream. Another caller said he wants to get more aggressive. Cramer's reply was that if he had a base amount of money to work with and if his retirement was set -- basically if he's in a position where he can afford to lose money -- then it would be okay to be a concentrated investor. But if those bases are not covered, Cramer said, then there's too much risk and diversification is the way to go. Cramer said he would stay away from Raser Technologies ( RZ), but that he would stick with drilling company GlobalSantaFe ( GSF). Reiterating his view that offshore drilling companies will be some of the top performers of 2006, he said he would own Schlumberger ( SLB), Nabors ( NBR), Smith International ( SII) and Noble ( NE). And for coal plays, he said he would rather have Peabody Energy ( BTU) than Fording Canadian Coal Trust ( FDG).