Segment 1: Game Plan
Cramer said that both the bulls and bears have a good case for the next move the market makes, so he is agnostic right now. He said that the bulls have the closing of the Clear Channel (CCU) deal, housing stocks refusing to go down, stocks rising on low consumer confidence, and stabilizing home prices. The bears can make a good case as well. Because of this, his Game Plan for next week is to just stick with stocks in the international infrastructure, oil, gas, minerals and metals, defense, his "new tech" stocks, and energy alternatives sectors. He recommended Transocean (RIG), National Oilwell Varco (NOV), Apache (APA), Agrium (AGU), CVRD (RIO), Foster Wheeler (FWLT), General Dynamics (GD) and Trinity (TRN) because they don't depend on consumer confidence, oil prices, or the housing market.
Cramer took calls on the following stocks:
Kansas City Southern (KSU): Cramer said this railroad should be on his buy list along with CSX (CSX) and the other railroads he has been recommending.
Time Warner (TWX): Cramer said to buy if you like the long term fundamentals, but he doesn't. He also said that the company is too big to be moved by one big movie like "Sex in the City" which comes out next week.
Segment 2: Speculative Friday
Cramer's speculative stock for today is MasTec (MTZ), which is exposed to bull markets in infrastructure, wind, and natural gas. It also does work for the telecommunications companies, but Cramer is most interested in their work for utilities where they provide services for wind power installations. They also work for natural gas providers, which exposes them to two energy sources that Cramer really likes. Also, the stock is cheap at 10 times forward earnings, and he thinks it could jump at least $13.61 as investors realize that it is transitioning to a wind play, instead of a telecommunications play.
Cramer took calls on the following stocks:
Deere (DE): Cramer said that the stock fell because of higher raw costs and its forestry and construction businesses were weak, but he is bullish because the ag bull market is still going strong.
Segment 3: Lightning Round!
Diebold (DBD): Cramer said to take profits on the United Technologies (UTX) buyout offer that sent the stock higher.
Hanesbrands (HBI): Cramer thinks this is a good company, and could do even better when the economy turns around, so he is bullish.
Potash (POT): Cramer said that the stock will do well no matter what crop is in favor, because it helps farmers increase their yield per acre, which is very important when parts of the world are going hungry.
Granite Construction (GVA): Cramer said to sell this stock.
Red Hat (RHT): Cramer said that he has never got this stock right, so he won't make a call on it now.
France Telecom (FTE): Cramer likes it because of its international exposure and a 5% yield.
Capstone Turbine (CPST): Cramer said he likes it, and was thinking about doing a Speculative Friday segment about it.
ExxonMobil (XOM): Cramer said he likes ConocoPhillips (COP) and Occidental Petroleum (OXY) better, but he'd never tell anyone to sell XOM with oil at its current prices.
Gafisa (GFA): Cramer is still bullish because construction is very hot in Brazil.
Segment 4: Packaging Corp. of America (PKG) Analysis
Cramer thinks that the worst is over for the packaging market because there was an explosion at an International Paper Packaging Corp. of America (IP) plant, which reduced supply in the market for the next year at least, and increased prices for packaging products. They can make containerboard more cheaply than its competitors, which gives them higher margins, and they have good pricing power. Cramer also likes their safe 5% yield and a $110 million buyback underway. He is bullish because he is the first person to see that this business has turned around, and he wants to buy before everyone else figures it out.
Segment 5: Interview with comScore (SCOR) CEO Gian Fulgoni
Cramer wanted to do a further analysis of why he was wrong about Google's (GOOG) quarter a couple weeks ago, and asked what he was missing. Fulgoni said that they only show domestic clicks, and most of Google's growth was overseas and that comScore's numbers were accurate for the U.S., but people didn't take international clicks into account. He said that they are integrating international data into their numbers, but it's not finished yet. Cramer thanked the CEO for coming on the show, and said that he won't make the mistake of misinterpreting the numbers again.
