Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday December 8. Click on a stock ticker for more analysis:
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
Cramer identifies fertilizer companies AGU and MOS as two "perfect plays" for the presidential primaries, since the candidates will start going for the caucuses in corn-belt state Iowa, and they will be talking about ethanol. Not only has demand for the alternative fuel increased, but corn yields have declined 1.5%, and farmers will be buying more fertilizer to increase production. Cramer suggests picking up the stocks and selling them into the caucuses. On a side note, Cramer remarked that he is "outraged" that Citigroup has not explained the sudden 2.25% jump in its stock to $51.85, and apparently, some people knew that the stock was headed higher ahead of time. "I'm ashamed by the system sometimes," Cramer said. "I want answers."
Manchurian Candidate: Global Sources (NASDAQ:GSOL)
Although Cramer is usually bearish on Chinese stocks because of their association with Communism and that "China is a country that can legally seize any assets it wants," Cramer is making an exception in the case of GSOL because, after doing some homework, he thinks that the stock is headed from $14 on a "not-so-long march" to $20, but since the stock is thinly traded, he suggests using limit orders. Global Sources, which sells ads on the internet and in magazines, is the second largest business-to-business Chinese company, and is set to purchase Number 3 on the list. Cramer points out that it is trading at under 50% of its growth rate, and has shown that it is a "survivor" in a web industry that sees many failures.
Related: Helen Wang predicts that, in a few years, China will have the most internet users in the world.
Cramer approves of analyst Jonathan Cramer's buy rating on Best Buy, which is down on worries about consumer spending and should be bought before its earnings report next week because it will rebound. "The long-term picture for the stock is good," he said. While Cramer thinks that GS will have a great quarter, he is "a tad concerned" because it is up. If the stock goes under $200, Cramer would pick some up along with Bear Stearns and Lehman Brothers. He would also buy some HPQ ahead of the analyst meeting on December 12.
Related: There are predictions that BBY will be among hardest hit by a retail decline just before Christmas.
Cramer bets that TRMP will beat out four other casino companies in the Philadelphia decision later this month, because rather than building a casino on the waterfront, Trump is planning to put his operation in a "not-so-great neighborhood" where it can generate jobs. If Trump loses the bid, Cramer says that it will drop to $19 and that people should buy it. On another note, Cramer said not to wait in buying LVLT until after its purchase of BWNG because the acquisition has "totally been factored into the stock."
Related: More on LVLT's proposed acquisition of Broadwing.
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