Jim Cramer's Real Money Radio Recap, Oct. 11

Recap of Jim Cramer's radio show on Wednesday October 11. Click on a stock ticker for more analysis:

Change of the Guard: Alcoa (AA), Alcan (AL), Phelps Dodge (PD), Akamai (AKAM), DivX (DIVX), Google (GOOG), Cisco (CSCO), Coca-Cola (KO), PepsiCo (PEP), Kellogg (K), General Mills (GIS), Black & Decker (BDK), and Oracle (ORCL) - Alcoa gave a "horrendous report" according to Cramer and investors began dropping stocks like PD and AKAM, although things have calmed down now. Cramer blames bad management for AA's woes and suggests keeping the stock. Cramer is bullish on tech now, especialy DIVX, GOOG, CSCO (which has gone up to $24) and ORCL (which moved from $12 to $18). He said that tech success is due to the fact that investors are taking money out of consumer staples such as KO, PEP, K and GIS and oil. Cramer also recommends BDK.

Bank of America (BAC) and Ameritrade (AMTD) - After BAC announced free trading with a minimum of $25,000, the stock fell $2 and Cramer believes that it will be downgraded. He admits that it was "bad luck by me to tell you to buy these [brokers'] stocks" on Tuesday and says that since downgraded stocks tend to keep falling, it is best to sell and move on. Cramer discussed Ameritrade which he bought as it was going down from $19 to $13. Those who picked up the stock at bottom made a profit, but added, "I totally underestimated how much Wall Street would turn on Ameritrade."

Related: Neal Shanske comments on the over-reaction to BAC's announcement of free trades.

Bullish calls:

Arena Pharmaceuticals (ARNA): Cramer notes that there has been a lot of consolidation in Pharma and thinks that ARNA is a good takeover target, particularly for Johnson&Johnson (JNJ)whose company Ortho-McNeill has a deal with ARNA for insulin products.
TJ Maxx (TJX)and Limited Brands (LDT): Both of these companies should continue to have good sales into the holiday season, says Cramer who would take 25% of a TJX holding off the table but would hang on to the rest of it.
Disney (DIS): Cramer likes Disney because he feels that it is in better hands with CEO Roger Iger than it was with former-CEO Michael Eisner. Lower prices at the pump will mean more visitors to Disneyland, says Cramer.
Cisco (CSCO): is beating out both Nortel (NT) and Lucent (LU).

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

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