Jim Cramer's Market Minute Recap, Dec. 6

Recap of Jim Cramer’s comments on Market Minute from TheStreet.com TV, Wednesday December 6. Click on a stock ticker for more analysis:

Altera (ALTR), Oracle (ORCL): Cramer sees Altera's performance as evidence that tech is strong: "Altera blows up; the stock doesn't even go down,"Cramer said,"I mean, what does that tell you about what's happening here?" The fact that the chipmaker's stock did not suffer after lowering its estimates shows that "the tech trade is still very much alive," said Cramer, "and I decide that it's alive not by how much upside there is but by the limit on the downside." Cramer suggested that investors stay with ORCL in spite of a Lehman Brother's downgrade, and to at least "open the books and take a look" at how the company is really doing.

Ingersoll-Rand (IR), Deere (DE), and Caterpillar (CAT): Cramer believes that housing's biggest enemy is rampant negativity, which affects IR, DE, CAT, and other stocks related to housing. He adds certain areas are becoming attractive spots for building homes, and a decline in mortgage rates is opening up new possibilities: "There is demand, we are still a growth country and people will still buy houses with mortgage rates this low because they don't want to lose the rates," Cramer said.

Pfizer (PFE) and Goldman Sachs (GS): Oil is going to go down a bit, says Cramer, and drug stocks are stalled. However, he believes that PFE's failure is company-specific and does not bode ill for the entire sector. Finally, Cramer says that if he were an analyst, he would suggest clients buy GS because the Street's numbers are too low.

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