Jim Cramer's Market Minute Recap, Dec. 8

Recap of Jim Cramer’s comments on Market Minute from TheStreet.com TV, Friday December 8. Click on a stock ticker for more analysis:

Bank of America (BAC), Barclays (BCS), Xilinx (XLNX), National Semiconductor (NSM), Oracle (ORCL), Research in Motion (RIMM) and SAP (SAP): Cramer admitted disappointment with the strong unemployment number reported on Friday: " ... we got a number that takes the Fed cut off the table but doesn't give us good earnings," Cramer said. "Not exactly what we needed." He commented that financials, which had been performing well, will be affected including BAC which resolved that it would make no more acquisitions. However, Edward Najarian of Merrill Lynch reported that BAC is making a deal with Barclays, "Now maybe we know why [Bank of America's] CFO left," Cramer said, and added that he was certain the the deal would go through, otherwise "Merrill wouldn't stick its neck out." Although Cramer called tech the "go to" group right now and said that gadgets will be hot for the holidays, he noted the poor performance of XLNX, NSM, ORCL, and SAP and says that he is keeping an eye on RIMM.

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