Broadband Battles: Comcast (CMCSA), AT&T (T), Verizon (VZ), Conexant (CNXT), JDSU (JDSU) and Tellabs (TLAB) - Cramer is usually wary about a price war, which often results in reduced earnings, but in the recent broadband battle, all sides seem to be winning. He says that Comcast "finally got its act together on the cable end," and VZ and T are also doing well. There could be a lift for the tech sector as well, including CNXT, JDSU and TLAB, which he believes should start picking up in six months.
Pick a Winner: Merck (MRK), Altria (MO), Kraft (KFT), ConocoPhillips (COP), Schlumberger (SLB), and Safeway (SWY) - Cramer identifies stocks which have emerged as victorious this earnings season. MRK beat its numbers "by a mile" and MO benefitted from a good performance from KFT. Cramer says that any oil stock is good now, especially COP and SLB, and said that SWY is the leader among supermarkets.
Ups and Downs: UPS (UPS), FedEx (FDX), Dow Chemical (DOW), Black & Decker (BDK), Federated (FD), J.C. Penney (JCP), Kohl's (KSS), Sears (SHLD) - In spite of war in the Middle East, rising gas prices, FDX's downgrade and DOW's and UPS' poor performance, Cramer observes that the recent rally is the best since May 11. However, he recommends caution since this is the time to consolidate gains, and he sees some problems in the utilities, insurance and retail sectors, which could signal a "severe slowdown that could take people by surprise." BDK showed signs of weakening, as well as FD and CP and KSS. Although Cramer is a fan of SHLD, he believes that this stock may be taken down as well.
First Data (FDC): Cramer picked this stock when he thought they would spin-off Western Union. However, the company says that this action will be delayed because of the government's policy on immigration. Cramer says this issue will disappear in six months and that FDC is still a good investment.
Consolidated Edison (ED): Cramer likes utilities companies during a slowdown, because they pass increases in their raw costs onto the customer.
Hudson City Bancorp (HCBK): Cramer would buy more of this stock.
Coke (KO): Cramer is prepared for a big run for Coke, and expects the stock to reach $44 or $50.
AstraZeneca's (AZN): With many people ringing the register on AZN, Cramer would pick it up.
Lucent (LU): Cramer doesn't trust this company because he says its management was not honest with him about their balance sheet.
Rackable Systems (RACK): Cramer says this stock is too high right now, and not to invest until it reports its quarter.
UPS (UPS): Cramer was shocked by how low UPS' numbers were, and suggests switching over to FedEx (FDX).
Dow Chemical (DOW): After Dow's disappointing performance, Cramer recommends picking up Colgate (CL) or Procter & Gamble (PG).
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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