Jim Cramer's Real Money Radio Recap, Sept. 15

Recap of Jim Cramer's radio show on Friday September 15. Click on a stock ticker for more analysis:

Feeling at Home: American Standard (ASD), Sherwin-Williams (SHW), Black & Decker (BDK), Home Depot (HD), Lowe's (LOW), Best Buy (BBY), Sears (SHLD) and Schering-Plough (SGP) - Because the decline in commodities has made the price of building materials go lower, Cramer is bullish on housing and anything associated with it, such as ASD, SHW, HD and LOW. He is also a believer in retailers such as BBY and SHLD because oil and natural gas are cheaper. Cramer predicts that the economy is in for a soft landing and chooses drug makers such as SGP and likes the tech sector; "I am convinced technology is for real ... they're all going higher."

Related: Barry Ritholtz sees a hard landing for housing.

Bubble Trouble: Valero Energy (VLO) - Cramer believes that recent activity in the market is the result of the commodity bubble bursting and he cautions against picking up a stock in this sector after it has already peaked since it will not find a bottom as long as its price keeps falling. He gave the example of VLO which was at $68 and has fallen to $50.

National Semiconductor (NSM) - Cramer has liked tech since NSM reported poor numbers and still rallied. "That's what I call a bottom," he said. The low prices are too attractive to resist and Cramer predicts that tech will be picked up until the end of the year.

Bullish calls:

Bristol-Myers Squibb (BMY) and Scherring-Plough (SGP): Cramer likes BMY because he believes that it will merge or be purchased and is coming out with a lot of new drugs. However, the company is getting hurt by a generic version of Plavix. He suggests picking up SGP as well because its dividend is at 4.4% and its CEO Fred Hassan is "the single-best manager in the pharmaceuticals area."
Fluor (FLR) and Jacobs Engineering (JEC): These companies are down because many are concerned about the cancellation of energy projects but Cramer believes that this is only a short term problem and that the plans will eventually go through.
PepsiCo (PEP): Cramer believes that PEP could hit $70 and observes that Frito-Lay is doing well and that the company is beating its main rival, Coca Cola (KO).
Genentech (DNA), Amgen (AMGN), Genzyme (GENZ), and Gilead (GILD): DNA is almost finished going down, Cramer observes but adds that he prefers AMGN, GENZ, and GILD.

Neutral/Bearish calls:

Alcoa (AA): Although aluminum will go up eventually, Cramer doesn't believe in this company.

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

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