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In the first trading week of 2012, Jim Cramer made 50 calls. The host of CNBC's Mad Money made 38 calls that were "buys" and 12 that were "sells." Cramer pointed out that U.S. unemployment dropped, as jobs were created in sectors like health care and manufacturing. The official unemployment rate was 8.5%, but if a realistic labor force participation rate was used, the rate would be 11.4%:

(Source: zerohedge)

Cramer made 7 notable calls for the week that saw a high average volume of shares traded. 4 were "buys" and 3 were "sells":

#

NAME

Call

Date

52-WK HIGH ($)

52-WK LOW ($)

1

Microsoft Corporation

Sell

1/6/2012

29.46

23.65

2

Pfizer, Inc. Common Stock

Buy

1/6/2012

22

16.63

3

Ford Motor Company Common Stock

Buy

1/5/2012

18.97

9.05

4

Nokia Corporation Sponsored Ame

Buy

1/5/2012

11.75

4.46

5

Dendreon Corporation

Buy

1/5/2012

43.96

6.46

6

Yahoo! Inc.

Sell

1/4/2012

18.84

11.09

7

Research In Motion Limited

Sell

1/4/2012

70.54

12.45

[1] Microsoft (NASDAQ:MSFT) - Cramer says "Sell"

Microsoft should be a "buy."

Microsoft continued its rise, after building a base at $26. Shares are up $2.11 in 2012, up 8.11%. Cramer ranked Microsoft a "sell," a call investors are clearly in disagreement with. Microsoft is a sideways-trading stock that moves between $23.50 and $27. Shares usually sell-off at current prices, but Microsoft may keep moving up in the weeks ahead. Microsoft's CEO will be delivering a keynote at the 2012 International CES.

[2] Pfizer, Inc. (NYSE:PFE) - "Buy"

Pfizer shares were unfazed by its latest patent expiry. The company cut jobs and costs to balance the expected lower revenue for 2012. Cramer liked the high yield offered by the company. Closing recently at $21.57, Pfizer's shares offer a 4.08% yield, or $0.88 per share. In a letter to shareholders, PIMCO's Bill Gross cited a bullishness for big pharmaceuticals.

[3] Ford Motor Company (NYSE:F) - "Buy"

Ford's turnaround story is intact. In 2011, Ford's U.S. sales rose 17% to 2.06 million vehicles. Total sales rose 11%, and the company forecast a 3% global growth for 2012. Ford closed recently at $11.71, pays a $0.20 dividend, which yields 1.71%.

[4] Nokia Corporation (NYSE:NOK) - "Buy"

Closing recently at $5.24, Nokia is up 8.71% in the 4 trading days of 2012. Positive momentum exists for both Nokia and Microsoft. The market barely recognizes Nokia's market share in the smart phone space. The Windows Phone 7 (WP7) market share is currently insignificant. Nokia takes on great risk by relying on the Microsoft operating system, but will benefit with Microsoft advertising the WP7 in North America this year.

[5] Dendreon Corporation (NASDAQ:DNDN) - "Buy"

Up 62.50% this week and closing at $12.35, Dendreon traded at nearly 6 times the average volume. Sales of its prostate-cancer therapy Provenge rose in the fourth quarter by 25%. Revenue from Provenge, a drug used to treat prostate cancer, was $82M in the quarter.

[6] Yahoo! Inc. (NASDAQ:YHOO) - "Sell"

Yahoo starts 2012 down 9.06% as shares closed at $15.52. Shares are nearly 40% above its 52-week low, helped by rumors that it will be sold. Yahoo hired a former Paypal executive of EBay Inc. (NASDAQ:EBAY), Scott Thompson. Yahoo will be paying $27M for this CEO: $1M a year, plus up to $2M in bonuses, plus $1M tied to financial results, and $22.5M in stock incentives.

[7] Research In Motion Limited (RIMM) - "Sell"

RIM is up 5.79% this year, and up 23.21% from its low reached in December. Pundits cite a low P/E of 3.61, sales strength outside North America, Blackberry 10, and Playbook "OS 2.0" as reasons to buy RIM. If RIM's board change, and Royal Bank of Canada's (NYSE:RY) executive Barbara Stymiest becomes Chairperson, this will be a positive for RIM. Stymiest has a CA and FCA. Her accounting background, along with her experience in corporate governance, should be a positive for RIM shareholders.

Disclosure: I am long F.

Source: 4 Buys And 3 Technology Sells From Jim Cramer