Jim Cramer's Real Money Radio Recap, Nov. 8

|
Includes: ASEI, BAC, BGPIQ, BKS, CMCSA, FNMA, GOOG, GSK, HET, HUM, LLL, MO, PFE, VLO, VZ, WBA, WFM
by: Miriam Metzinger

Recap of Jim Cramer's radio show on Wednesday November 8. Click on a stock ticker for more analysis:

Valero (NYSE:VLO) - Cramer said he wouldn't worry about the Democrats attacking oil, because their proposed taxes won't stick: "The Democrats know that these guys simply won't drill if they get penalized too much." Cramer says, and thinks that these proposals are nothing more than noise. In any case, oils, such as Valero, have been rallying, but Cramer recommends caution when dealing with VLO, since it is the nation's largest driller and is the most likely target.

Related: Judith Levy presents the bullish case for Valero.

Whole Foods (WFMI), Altria (NYSE:MO), Thermo Electron (NYSE:TMO), American Science & Engineering (NASDAQ:ASEI), L-3 Communications (NYSE:LLL), Flir Systems (NASDAQ:FLIR), Fannie Mae (FNM) - "One area that nobody's talking about with the Democrats coming in is the repeal of the reform against class-actions," says Cramer who thinks that drug companies may be in trouble. He notes that the recent upgrade in WFMI provides a good opportunity to sell, and California's decision to lighten up on tobacco companies brought these stocks higher, including MO which Cramer thinks is not finished going up. Two areas to get into for the long-term are homeland security and mortgages, says Cramer who notes that Democrats invest as much as Republicans in security, but they like to spend domestically and not internationally. Cramer likes TMO, ASEI, LLL and FLIR. He also likes FNM for mortgages and says the company is not finished going up.

Barnes & Noble (NYSE:BKS), Borders (BGP), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Humana (NYSE:HUM) - Cramer says that BKS and BGP are "good places to be," and that if people like VZ and CMCSA, they should check out CSCO. Cramer expects Cisco to report a good quarter, which would a shame, because otherwise it would be cheap enough to buy. He says that he doesn't understand why HUM is down 13 points and would buy the stock.

Bullish calls:

Google (NASDAQ:GOOG): Cramer says its worth buying even one share of this stock which is a "growth story."
GlaxoSmithKline (NYSE:GSK): This stock is a buy because it has a good number of consumer products, observes Cramer.
Bank of America (NYSE:BAC): Cramer thinks this stock is "terrific" and would not sell it.

Neutral/Bearish calls:

Pfizer (NYSE:PFE): Cramer says he is concerned about this stock and would not pull the trigger.
Walgreen (WAG): Although Cramer likes WAG, he notes that Wal-Mart has hurt stocks in the sector with its cheap generic drugs.
Harrah's (HET): This stock has gone up and is being taken over by private equity firms. Cramer prefers tech to HET.

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

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

SeekingAlpha is not affiliated with CNBC, Jim Cramer or TheStreet.com