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NEW YORK ( TheStreet) -- With President Obama once again lashing out against Wall Street, Jim Cramer told the viewers of his "Mad Money" TV show Friday that they need to re-examine their portfolios against this new wave of political uncertainty. In his "game plan" segment, he declared much of next week a "no-buy zone," saying buying stocks next week is strictly forbidden.
A Speculative Internet PlayFor "Speculation Friday," Cramer turned viewers to a company that is helping to solve the need for more Internet bandwidth, Cogent Communications ( CCOI). He said Cogent has rapidly become a large scale, tier-one Internet service provider and an alternative carrier to the big telcos, which often try and bundle their voice, data and now TV services. Cramer said that Cogent, through many acquisitions, has built its own high speed Internet network completely independent of the traditional telcos. Thanks in part to the dot-bomb bust in 2000, the company has been able to buy its assets at 50 cents on the dollar and sell its bandwidth for 50% less than the competition. Cramer called Cogent a company whose time has come. With shares trading just off their 52-week high, but Cramer noted that Cogent traded around $30 a share back in 2007. He called the company speculative, but said it's a well-run entity that's doing everything right.
Unloading Health Care StocksIn an unusual Friday installment of the "Sell Block" segment, Cramer said it's time to ring the register on the lesser performing health care stocks, now that the president's fading healthcare reforms have finished lifting the group. He said that UnitedHealth Group ( UNH), Humana ( HUM) and Rehabcare Group ( RHB) must now be sold. Cramer said the easy money's already been made in these names, and with many of them up huge, he advised selling into any strength. In addition to their sky- high stock prices, Cramer said these three companies have big exposure to Medicare, which will certainly be up for another round of cost cuts in the near future. Cramer said he's not abandoning the entire health care group. He still recommended Bristol-Myers Squibb ( BMY), a stock which he owns for his charitable trust,
Am I Diversified?Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included Intuitive Surgical ( ISRG), Caterpillar ( CAT), Danaher ( DHR), Kinder Morgan Energy Partners ( KMP) and Oracle ( ORCL). Cramer identified two of a kind with Caterpillar and Danaher, which also sells machinery. He recommended selling Danaher in favor of a defense stock or a regional bank. The second caller's top holdings included Nordic American Tanker ( NAT), NYSE Euronext ( NYX), Staples ( SPLS), Linn Energy ( LINE) and AT&T ( T). Cramer said this portfolio was terrific and needed no changes. The third caller had Citigroup ( C), Central European Distribution ( CEDC), Cypress Semiconductor ( CY), Chevron ( CVX) and Dryships ( DRYS) as their top five stocks. Cramer said he's not a fan of Dryships, but said the portfolio was well played. The fourth caller's top stocks were Apple ( AAPL), Chevron ( CVX), Nordic American Tanker ( NAT), Pfizer ( PFE) and Microsoft ( MSFT). Cramer said you can't own both Apple and Microsoft. He said to sell Microsoft in favor of a regional bank stock.
Lightning RoundCramer was bullish on Thermo Electron ( TMO), Huntington Bancshares ( HBAN), First Niagara Financial ( FNFG), New Alliance Bancshares ( NAL), United Parcel Service ( UPS) and McDonald's ( MCD). He was bearish on Suntech Power ( STP), JA Solar ( JASO), Fulton Financial ( FULT), Sprint Nextel ( S), Fedex ( FDX), Linn Energy ( LINE) and Goldman Sachs ( GS). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the