Jim Cramer's Real Money Radio Recap, Aug 9.

Recap of Jim Cramer's radio show on Wednesday August 9. Click on a stock ticker for more analysis:

Not-So-Vicious Cyclicals: Caterpillar (CAT), Ingersoll-Rand (IR), United Technologies (UTX), Kellogg (K), and General Mills (GIS) - Cramer notes that cyclicals are getting thrown out, regardless of how well the companies are doing, because everyone is interested in defensive stocks. Cramer says that this may be a good time to pick up stocks such as CAT, which received a good report from its Canadian distributor, Finning, IR, whose great buyback plan was greeted with indifference, and UTX, which still is not well-known in the U.S. For those who prefer short-term plays, defensives such as K and GIS are good choices, but quality cyclicals will go up in six months, according to Cramer.

A good Match: Varian (VAR), Philips Electronics (PHG) and General Electric (GE) - Cramer predicts that VAR and PHG will pair up within the next year, and the move will make money for VAR, which produces anti-cancer and X-Ray machines. PHG will have to pay $60 a share for the company, and Cramer believes that PHG will spin off VAR's security and screening division and sell it to GE.

Oil and Steel: BP (BP) and Oregon Steel (OS) - Cramer notes that since BP closed a pipeline, the company needs to hire a company to replace 16 miles of steel, and he believes that OS is a likely candidate. Although people are dumping cyclicals because they fear a slowdown, Cramer believes that the pause in rate hikes means that recession is less likely, and would buy steel.

Bullish calls:

Textron (TXT): Cramer describes TXT as "a multifaceted conglomerate that is growing at 12% with a management that is heavily devoted to making you money," and believes that United Technologies may buy it.
GameStop (GME): Cramer regrets selling GME, and suggests picking some up every time it declines.
Yamana Gold (AUY): AUY is a "great speculative play in this market," according to Cramer, and is selling now for only $10.
Peabody (BTU) and Arch Coal (ACI): Cramer likes these coal stocks.
UnitedHealth (UNH): This company should come out clean from the options backdating scandal, says Cramer, who recommends it now at $60.
Teva Pharmaceutical (TEVA): Although an analysts downgraded this stock, Cramer would stay with TEVA.
EuroZinc Mining (EZM): Cramer says that people don't take this stock seriously enough, and at $2 a share, he would buy it.
Bancolombia (CIB): Cramer predicts that CIB will move from $28.67 to $30 before going down.
National Oilwell Varco (NOV):With the huge oil rig shortage, NOV is the stock to buy, says Cramer.

Neutral/Bearish calls:

U.S. Concrete (RMIX): Cramer says this company is being hurt by the decline in the housing market.
Toll Brothers (TOL): Cramer notes a report released by TOL about excessive inventory.
Fording (FDG): Cramer suggests switching out of FDG and into BTU or ACI.

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

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Comments

[cash mcbeevy:]

cramer doesn't know as much as he thinks he does. us concrete's problem is not mainly caused by the down turned housing market because this company's business mix is predominately commericial not residential. us concrete's problem is primarily related to it's lack of quality management and total lack of leadership starting with president and ceo michael harlin and including senior vice president of operations terry green.

Oct 03 12:43 AM