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Recap of Jim Cramer's radio show on Thursday July 13. Click on a stock ticker for more analysis:

Downgrades and Good Buys: Wal-Mart (NYSE:WMT), Disney (NYSE:DIS) Kellogg (NYSE:K), Campbell Soup (NYSE:CPB) and General Mills (NYSE:GIS) - Cramer comments that people are running scared from stocks. Tech has been crushed and gold has jumped, and Cramer identifies these trends as symptoms of investor anxiety. Eight years ago, when the market looked like this, Cramer suggested getting out, but after a big decline, the market was up for over two years. Cramer recommends riding out the difficult time, not worrying about all the downgrades, such as WMT and DIS, and picking up good defensive stocks, such as CPB, GIS and K.

Home Improvement and Video Games: Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Electronic Arts (ERTS) and GameStop (NYSE:GME) - Atlhough HD CEO, Bob Nardelli, has received unfair criticism for problems he inherited, according to Cramer, he prefers Lowe's because it has room to expand. Regarding the upswing of ERTS and GME, he suggested using the rally to sell a bit of these stocks, since he doesn't believe that they will be going up much higher.

Bullish calls:

Weyerhaeuser (NYSE:WY): Cramer would buy this lumber company, in spite of the decline in the housing market, because of the impending hurricane season. He likes that fact that the stock is at a 52-week low and yields a 4% dividend.
Nabors (NYSE:NBR): Cramer thinks that this stock is finished going down. "It is way too cheap compared to other drillers," he said.
General Motors (NYSE:GM): Cramer likes GM's restructuring and balance sheet.
Dynegy (NYSE:DYN): Cramer believes this is that best power generation stock, and that it could go from $5 to $7.

Neutral/Bearish calls:

Amazon.com (NASDAQ:AMZN): Cramer thinks that this stock is too costly and that it will probably go down.
Bancolombia (NYSE:CIB): Cramer likes this bank, but the mood of the market is so risk-adverse, that he doesn't think now is the time for CIB. Instead, he suggests waiting for it to go down to $20.
Ford (NYSE:F): 'We don't want Ford.'
CB Richard Ellis Group (NYSE:CBG): Although he likes this sector, Cramer is not thrilled with CBG because it is run by salespeople.
Norfolk Southern (NYSE:NSC): Cramer recommends this stock for holding but not for buying, at least until it goes back to $47.
Sirius Satellite Radio (NASDAQ:SIRI): Although this stock has improved and has met its projections, Cramer says it gets too much competition from XM Satellite Radio (XMSR).

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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Source: Jim Cramer's Real Money Radio Recap 7/13