Recap of Jim Cramer’s comments on his radio show on Monday November 27. Click on a stock ticker for more analysis:
Google (NASDAQ:GOOG), Tribune (TRB), Apple (OTC:APPL) and Cisco (NASDAQ:CSCO) -Cramer is not worried that Google is down today, because it is "taking over the world;" kids are glued to YouTube and enjoy the "spontaneous fun" of its short videos. Cramer comments that the company was aware of the possible "cratering" of its shares after the takeover, that it was not purchasing "unmonetizable assets," nor was it worried about "bogus copyright issues." Traditional media needs to wake up, according to Cramer, who thinks that TRB could have bought YouTube after selling the Chicago Cubs. Cramer encouraged buying Google 20 points down, or even $1 down. On a side note, Cramer thinks it's a good sign that people were buying "annointed" stocks Cisco and Apple on a down day. He predicts that Apple will move from $91.19 to $100 and Cisco will increase from $26.93 to $30.
Related: Henry Blodget discusses Barron's analysis of Google.
Housing: The Worst is Over - Cramer reiterated his prediction that the housing crisis is winding down and should be finished in six months. He and his wife experienced this firsthand when, after moving their real estate investments to Mexico because they could not make substantial profits in the U.S., they managed to purchase for $450,000 a home in the U.S. that would have cost a million two years ago. "There are genuine bargains out there," he said. "Maybe this is how bottoms are formed."
Foreign Exchange: Yum Brands (NYSE:YUM), Starbucks (NASDAQ:SBUX), Lucent (LU), Wynn Resorts (NASDAQ:WYNN), Las Vegas Sands (NYSE:LVS), Wal-Mart (NYSE:WMT), Johnson & Johnson (NYSE:JNJ) and Schering-Plough (SGP) - Even though China and India have "incredible growth" potential, Cramer says that few companies can really make a go of it in Asia the way Yum and Starbucks will in a few years. Thus far, Cramer says that "no one has been able to make money off of these markets," apart form WYNN and LVS in Macau. Although some are confident in WMT because of its proposed expansion into India, Cramer is doubtful that the WMT will appeal to Indians, who may agree that it is a "crummy" place to shop. On another note, Cramer says that it is time to stop being negative on drug stocks in spite of the Democratic Congress "given the power of pharma and the positive way seniors view the Medicare Part D plan." He would buy JNJ and SGP on weakness.
Related: Wal-Mart plans to build stores in India beginning in 2007.
New York Stock Exchange (NYSE:NYX): Cramer says that NYX is a "good blue-chip stock" and compares it to Sears Holdings (NASDAQ:SHLD) and Mastercard (NYSE:MA) as a solid long-term investment.
Boston Scientific (NYSE:BSX): Cramer is not worried about BSX's 39% decline and the stent controversy because he feels that people will ultimately prefer stents to pills. However, those who are nervous about stents should buy Johnson & Johnson (JNJ).
Anheuser-Busch (NYSE:BUD): This company has raised its prices and Cramer does not have a problem with Bud anymore.
Apple (OTC:APPL): Even at a high price, Cramer prefers this stock to GTW.
Banco Itau (ITU): "The best-run bank in Brazil."
Harris (NYSE:HRS): This "dynamic communications company" should bottom soon, and Cramer would buy it: "I think it's a good situation, and I like the stock very much," he said
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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