Jim Cramer is the host of CNBC's "Mad Money" and the chairman of TheStreet.com. In 1987, Cramer started his own hedge fund and returned an average of 24% per year between 1987 and 2001. Cramer also authored six money management books.
During the last week, his favorite buy recommendations (four stocks that are recommended in at least two separate shows) on "Mad Money" were as follows:
1- Chipotle Mexican Grill (NYSE:CMG): Chipotle Mexican Grill operates fast-casual, fresh Mexican food restaurants in the United States. Cramer repeated his buy recommendation of CMG three times during the last week. CMG recently traded at $311.5 and gained 105.5% during the past 12 months. The stock has a market cap of $9.8 billion and P/E ratio of 51.5. On July 19th CMG reported financial results for its second quarter ended June 30, 2011. CMG’s revenue for the second quarter was $571.6 million, up 22.4% from the prior year period. Net income for the first quarter of 2011 was $50.7 million, compared to $46.5 million in the second quarter of 2010.
Mark Broach’s Manatuck Hill Partners had $156 million invested in CMG shares at the end of March. Jim Simons’ Renaissance Technologies reduced its CMG holdings by 28% during the first quarter of 2011(Check out Simons’ top holdings).
2- Consolidated Edison (NYSE:ED): Consolidated Edison Inc. is an energy company providing electric, gas and steam utility services in the United States. Cramer repeated his buy recommendation of ED two times during the last week. ED recently traded at $53.3 and has a 4.5% dividend yield. ED gained 18.4% during the past 12 months. The stock has a market cap of $15.6 billion and P/E ratio of 14.3. ED is also one of the 35 growing dividend stocks with low PE ratios. Michael Messner and Jim Simons are among ED investors.
3- Kinder Morgan Energy Part (NYSE:KMP): Kinder Morgan Energy Partners is a U.S. energy company that provides energy products transportation and storage services. Cramer repeated his buy recommendation of KMP two times during the last week. KMP recently traded at $68 and has a 6.8% dividend yield. KMP gained 5.5% during the past 12 months. The stock has a market cap of $22.4 billion and P/E ratio of 118.11. In the past 5 years, KMP increased its dividend payments by 7.07% annually. Michael Messner's Seminole Capital holds the largest KMP position among the 300-plus funds we are tracking. (See Michael Messner’s other favorite stocks)
4- Chesapeake Energy (NYSE:CHK): Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. Cramer repeated his buy recommendation of CHK two times during the last week. CHK recently traded at $30.7 and has a 1.1% dividend yield. CHK gained 38.8% during the past 12 months. The stock has a market cap of $20.2 billion and P/E ratio of 33.7. Mason Hawkins’ Southeastern Asset Management and Robert Pohly’s Samlyn Capital had large CHK holdings at the end of March.
5- Carrizo Oil & Gas (NASDAQ:CRZO): Carrizo Oil & Gas provides exploration and production of oil and gas in the United States and United Kingdom. Cramer repeated his buy recommendation of CRZO two times during the last week. CRZO recently traded at $30.9 and gained 45.1% during the past 12 months. The stock has a market cap of $1.2 billion.
During the August 2 show, about Carrizo Oil & Gas, Chesapeake Energy, Pioneer Natural Resources, Cramer said:
“These got hurt today, that last one's down four points. A lot of people continue to underestimate these companies, which is what's occurring obviously when you have a stock fly up seven points on a day like today. What makes it so hard for people to understand that we have a huge amount of energy trapped beneath our ground, ready for the drilling? I blame it on perception, the perception that it takes years between the times that we start drilling and the moment when we finally find oil. I think there's a belief that anyone who even mentions the idea of breaking the back of OPEC is regarded as a dreamer.”
6- Deckers Outdoor (NYSE:DECK): Deckers Outdoor Corporation engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. Cramer repeated his buy recommendation of DECK two times during the last week. DECK recently traded at $91.1 and gained 84.4% during the past 12 months. The stock has a market cap of $3.5 billion and P/E ratio of 25.
7- SodaStream (NASDAQ:SODA): SodaStream International Ltd. engages in the development, manufacture, and marketing of home beverage carbonation systems and related products. Cramer repeated his buy recommendation of SODA two times during the last week. SODA recently traded at $70.3 and gained 65.4% during the past six months. The stock has a market cap of $1.4 billion and P/E ratio of 66.3. When asked about SodaStream during the lightening round, Cramer felt the only way to play soda stream going into earnings is a deep in the money call to protect yourself from potential downside.
Disclosure: I am long CHK.