Jim Cramer's Real Money Radio Recap 7/17

Recap of Jim Cramer's radio show on Monday July 17. Click on a stock ticker for more analysis:

Spectrum Brands (SPC), Procter & Gamble (PG), Scotts Miracle-Gro (SMG), and Interpublic Group of Companies (IPG) - Cramer has been talking alot about defensive stocks, such as food and drug, and he would add batteries, grooming and lawn care to the list. Spectrum Brands, however, is not a best-of-breed company, and Cramer would buy PG and SMG instead. AdAge reported that IPG has fallen, and Cramer believes it will only go lower.

Holding On - Cramer notes that the financial climate right now is not geared toward buying or selling, but holding on to stock. While the rate hikes may make investors restless, Cramer recommends patience. On a side note, he warns that investors should stay away from newspaper stocks, even though they look cheap, because they have very little growth potential.

Bullish calls:

Ingersoll-Rand (IR): Cramer says this stock is much too cheap, and although it could get cheaper, it is worth buying.
XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI): Although XMSR has not been performing well, Cramer urges holding on to the stock, because he believes that it will be taken over by SIRI.
Apple (AAPL): Although Cramer believes this stock has bottomed, it might be lower on Tuesday. He suggests buying some before and after its earnings report on Wednesday.
Bed Bath & Beyond (BBBY): Cramer says BBBY is a buy at $31, since the company is solid.

Neutral/Bearish calls:

Palm (PALM): This stock is down, is too low to sell, and Cramer does not predict an improvement in the tech sector anytime soon. However, he would hold on to PALM, because he believes that it is a good company, and is an attractive option for a takeover.
Home Depot (HD): Cramer would not buy this stock because the company is looking for a chief operating officer and it has little growth-potential.
Chico's (CHS): This stock is very cheap, and Cramer would not sell it at $23.

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

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