Segment 1: Update on the Year of Natural Gas
Cramer said that he knows that both Democratic candidates are no friends of the oil companies, but he asked that they leave the natural gas drillers alone because it is the best energy source we have right now. He said that Anadarko Petroleum (APC) (which he thinks will go to $120), Devon Energy (DVN), Apache (APA), Southwestern (SWN), Chesapeake Energy (CHK), and XTO Energy (XTO) are his favorite stocks in this sector, and that El Paso (EP), ConocoPhillips (COP), EnCana (ECA), Nabors (NBR), and Halliburton (HAL) are also good picks. He doesn't think that gas prices are going lower any time soon, and that there will be more upward movement in these stocks.
Cramer took phone calls on the following stocks:
Petro Canada (PCZ): Cramer said that this is a great stock.
Segment 2: Interview with NYSE Euronext (NYX) CEO Duncan Niederauer
Cramer CEO Duncan Niederauer about the fact that they finally reported a good quarter last night. Niederauer said that volumes were up which helped their numbers, and that they are seeing savings from the integration of NYSE and Euronext, and that they will continue to cut costs. He thinks that the company will see benefits from these cost reductions for the rest of the year. Niederauer also said that they will continue to fight the Nasdaq for market share, and Cramer is optimistic that they will be able to deliver.
Segment 3: Lightning Round!
Hewlett Packard (HPQ): Cramer thinks the stock is a buy because he likes the CEO.
Natus Medical (BABY): Cramer is bullish on this stock.
Western Refining (WNR): Cramer said he doesn't like oil refiners very much right now, but said you should buy Marathon (MRO) if you really want to own one.
Diana Shipping (DSX): Cramer recommended Frontline (FRO) instead.
Deutsche Telekom (DT): Cramer said it's pretty good, but he likes Verizon (VZ) and AT&T (T) better. He also added that Sprint Nextel (S) is a wreck.
China Digital TV (STV): Cramer gave this stock a "Don't buy."
Vulcan Materials (VMC): Cramer doesn't think this stock has bottomed out yet.
MGM Mirage (MGM): Cramer doesn't want anything to do with any casino stocks right now.
ManuLife (MFC): Cramer said that this is a boring but consistent stock, and added that sometimes boring can "rock".
Coeur D'Alene Mines (CDE): Cramer said this is one of the worst companies that he has ever seen, and recommended Yamana (AUY) or Agnico-Eagle Mines (AEM) instead.
AMD (AMD): Cramer likes Intel (INTC) better.
Smith and Wesson (SWHC): Cramer thinks the trade in this stock has already passed.
Segment 4: Cramer's Accountability Week
Cramer took a look at another stock that he got wrong in the past, Comcast (CMCSA) when he missed the bottom in the stock at $17 while it ran up to over $21. He was overly concerned about competition from Verizon (VZ), and misjudged their willingness to listen to smart investors who told them to buy back stock and start to pay a dividend. They also improved customer service after getting some bad PR in the past. Cramer admits that he got this one wrong, and thinks CMCSA will continue to do well.
Segment 5: Interview with Waste Management (WMI) CEO David Stenier
Cramer said that he thinks this company is recession resistant, and asked the CEO for his perspective. Stenier said that Waste Management has a good fixed price sales structure in place that will help them increase profits whenever there is a turnaround in the economy, and an excellent sales team. He also pointed out that they can add fuel surcharges to the fees they charge, which will pass along any extra costs to their customers. Cramer said that this stock moves up over the long term and recommended it for people who don't like much risk.
