Recap of Jim Cramer's radio show on Friday October 6. Click on a stock ticker for more analysis:
General Motors (NYSE:GM) - Jerry York's resignation from GM's board after the company failed to make a deal with Nissan and Renault means that the stock has lost its catalyst, according to Cramer who has been recommending GM because of York who was responsible for restructuring at IBM (NYSE:IBM) and Chrysler. Although GM could see a turnaround Cramer believes that the "odds just got longer."
Related: Abbi Adest discusses the failure of the GM, Renault, Nissan deal.
Micron Technology (NASDAQ:MU), Texas Instruments (NYSE:TX), Broadcom (BRCM) and Advanced Micro Devices (NYSE:AMD) - Micron Technology "failed to deliver and got hammered" after reporting a bad quarter. Cramer sees the same thing happening at TXN and believes that both it and BRCM are overvalued. Cramer is bearish on hardware companies in general and warned people to stay away from semiconductors. However, if he were forced to own one, he would pick up AMD.
J.C. Penney (NYSE:JCP), Limited Brands (LTD), TJX (NYSE:TJX), Darden Restaurants (NYSE:DRI) and Kohl's (NYSE:KSS) - Cramer warns listeners against paying attention to analysts who say that retail has have gone up "way too much, way too fast," and says that these stocks are cheap compared with other strong companies such as PepsiCo (NYSE:PEP) and General Mills (NYSE:GIS). Discretionary spending is strong as demonstrated by the success of Darden's Red Lobster and Olive Garden. Cramer says that JCP, LTD, TJX and KSS are doing well and will go higher.
Morgan Stanley(NYSE:MS): Cramer says that MS is a "very good company" but prefers Goldman Sachs.
Goldman Sachs (NYSE:GS):a "triple buy."
Google (NASDAQ:GOOG):Cramer sees Google going up to $500 if it buys YouTube.
NYSE Group (NYSE:NYX): This stock is going higher according to Cramer.
MasterCard (NYSE:MA): Cramer calls MA an "up stock" which keeps running but he would take some off the table since it is so high.
Hilton Hotels (HLT-OLD): CEO Stephen Bollenbach deserves some credit for reviving international business, says Cramer who would hold on to the stock.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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