Jim Cramer's Real Money Radio Recap, Nov. 30

Recap of Jim Cramer’s comments on his radio show on Thursday November 30. Click on a stock ticker for more analysis:

WellPoint (WLP), MedcoHealth (MHS), Quest Diagnostics (DGX), Schering-Plough (SGP), Johnson & Johnson (JNJ), Pfizer (PFE) Merck (MRK), Novartis (NVS), GlaxoSmithKline (GSK) - Cramer notes that drug stocks are having a post-election rally and are screaming "buy, buy, buy!" with the exception of Pfizer, a "challenged company" which has fired a lot of people to "create an upside surprise by lowering its bar." Cramer likes MHS, DGX, SGP, JNJ, MRK, NVS, GSK and adds that WLP is best of breed.

Related: Ted Allrich discusses Pfizer's 20% cut in its salesforce.

Sacked Citi: Citigroup (C) - Cramer comments that since CEO Chuck Prince protected Citibank against New York Attorney General Eliot Spitzer, shareholders have been "brain dead and happy" and fail to realize that there needs to be a change in leadership. Concerning suggestions that Citibank should be broken up, Cramer said, "I believe that breakup calls make sense, but not until you have someone at the helm who can make a difference." Cramer suggested selling Citibank.

Related: Citibank is expanding into China

Housing, General Motors (GM), Ford (F) and Exxon (XOM) - Cramer notes that in housing, sellers are "desperate", are cutting prices, and buyers should take advantage of the current inventory excess. "There is not an industry in the world that can finance nonproducing inventory except oil, which is why I like that business so much," Cramer said. "Its inventory goes up in price as it sits because of a developing multiyear storage." Homebuilding is a cyclical rather than a secular grower, explains Cramer adding that they "downgraded the cyclicals at the bottom of the cycle because the price-to-earnings ratios soared." Cramer notes the pullback of the auto and housing sectors and predicts a "big decline" in the economy, adding that GM and Ford are laying off workers. Cramer does see some momentum in energy with Exxon as the "annointed stock."

Bullish calls:

Las Vegas Sands (LVS) and MasterCard (MA): Although these stocks are "beaten down" Cramer declares that they are going up and would pull the trigger if they go down five or six points because "even the best ones need to take a breather."
Saks (SKS) and Nordstrom (JWN): Saks is "in the midst of a major turnaround" and should join ranks with JWN.
Bank of America (BAC): This company knows how to treat its shareholders, according to Cramer.
Cisco (CSCO): Cramer says he is a "Cisco guy" when it comes to telecom.
AK Steel (AKS): Cramer likes this company but prefers Reliance Steel (RS).

Neutral/Bearish calls:

Continental (CAL): Cramer likes this airline, but since the sector has had a "tremendous" run, he would take profit now.
JPMorgan (JPM): "Fine," says Cramer, but not a "must own."
RF Micro Devices (RFMD)
Coldwater Creek (CWTR): When a caller complained about being in the "house of pain" with Coldwater Creek, Cramer replied, "That's because it's a huge mistake."

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

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