Pepsico (PEP), Bunge (BG) and Yum! Brands (YUM) - Because of the current controversy over trans-fats, Cramer is switching his position on Pepsi after having a bullish position on the company for many years. Since Pepsico has the most fat-laden snacks, it might not be able to survive this trend, even though it has purchased Stacy's Pita Chip Company to develop healthier alternatives. As a partner at the snack food company Lesser Evil, Cramer is aware of these difficulties and comments "It might be a little too late" for Pepsi which he believes will slide down from $61 to $55. Cramer is changing his position on Bunge, which he now likes because its oils "are rapidly taking the place of trans-fatty oils," and Yum! Brands Taco Bell is now using Bunge for its fried foods.
Related: Pepsico is aggressively marketing its healthier snacks
Las Vegas Sands (LVS), Wynn Resorts (WYNN), Boeing (BA), Microsoft (MSFT), Exxon Mobil (XOM), IBM (IBM), Altria (MO) and Goldman Sachs (GS) - Cramer said that this rally this week is "unprecedented" since during options expiration week, there is usually one up day and one down day and the stocks have not declined at all, "which is remarkable... the market is performing spectacularly." He notes that LVS, WYNN, BA and MSFT are all up, and that XOM, IBM, MO and GS should all go up. "I am flabbergasted," he said. "Money is flooding into the stock market." He reiterated his warning to check a company's fundamentals before buying.
Talbots (TLB) Coldwater Creek (CWTR) - Cramer commented that TLB's quarter was "disappointing," and although the results fall short of a disaster, TLB is no longer a top baby boomer stock. However, CWTR reported a strong quarter and has a great website, catalog and store network, according to Cramer, who declares CWTR the winner.
Related: Fat Pitch Financials is not excited about Coldwater Creek.
Readers' Digest (RDA) - Cramer says this publication is too good to stay independent, but should be sold because it won't receive another bid.
Cramer's on Demand Pick: Wynn Resorts (WYNN) with Las Vegas Sands (LVS) and International Game Technology (IGT) - Cramer commented that WYNN has been moving so fast, it would get a speeding ticket, and it isn't finished yet. However, he would take some profit off of the table. The secret of WYNN's success is that it has casinos in Macau which yield seven times more revenue than those in Las Vegas. These companies are "on fire" says Cramer, but are trades and adds that IGT is less of a gamble.
Related: Wynn is winning big from its Macau casinos.
USG (USG): Cramer recommends following Warren Buffet's lead and buying USG which is going to follow the trend in housing and move higher. This gypsum producer has weathered the storm over asbestos and Cramer gives the stock a triple buy, adding that 'USG may be the cheapest stock on the NYSE.'
Starbucks (SBUX): Cramer would sell half a position on SBUX which is at a 52-week high and would buy some back when it goes lower. He likes the stock because it has good exposure in China.
Research In Motion (RIMM): This stock is better than Palm, said Cramer and should have a good holiday season.
Palm (PALM): Cramer is bearish on Palm and prefers RIMM.
Delta ( DALRQ.PK): There is no reason to own this stock, said Cramer, because it is going to be worthless.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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