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Friday  June 2, 2006

Cramer brought  new element to the show:  From now on, on Friday's show, Cramer will give viewers a game plan to use to navagite the market for the following week.

"This is how the game plan works," he said. "I tell you the lay of the land and how to play it."

He said there has been a struggle  beyween the hard landing people and the soft landing people.   

"They are battling it out like the Crips and Bloods," he said.

Cramer believes that the hard landing people are wrong, but noted that "It doesn't matter that they are wrong," he said, "because there are a lot of them."

For the time being, the hard landing people will have the edge next week, but suggested, as always, a balance between the two to cover all bets.

The recomended stocks are:

Potential Hard-Landing Buys
Verizon Communications VZ
PepsiCo, Inc. PEP
Altria Group, Inc. MO
Kimberly-Clark Corporation KMB
GlaxoSmithKline plc (ADR) GSK
Potential Soft-Landing Buys
Caterpillar Inc. CAT
ConocoPhillips COP
Chesapeake Energy Corporation CHK
Nabors Industries Ltd. NBR
Jos. A. Bank Clothiers, Inc. JOSB

Radio Recap

Cramer likened the market today to a “swing set”.  Why?  Well, because stocks were doing the swingy- thing as investors mingled both hope and fear:

Hope of an end to the Federal Reserve rate hike and the fear of recession.

    However, Cramer remains bullish on the Market.  "I'm not going to run when I'm getting what I want, which is commodities weakness and earnings strength coupled with macro or big economic data -- that is not bad," he said.

Although debt, higher interest rates, soaring gasoline prices and a slow-down in real estate market usually slows spending, that is not the case today.  Cramer cited Walgreen, Federated and Target's recent performace as indicators that retail is on fire.
Walgreen Company WAG
Federated Department Str. FD
Target Corporation TGT


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