The half-point Fed rate cut last week will be good for mining as the value of hard assets rise against paper and a stimulation in economic activity will result in a greater demand for metals, said Cramer. While Lundin Mining has been volatile, Cramer gives it two thumbs up because of its exposure to zinc, copper, nickel and lead, its acquisition of Rio Narcea and Tenke, which increased its exposure to nickel and cobalt. In Asia, demand for zinc continues to rise and the price increased by 3% last week. In addition to this news, Lundin has significant insider buying and at $12, Cramer said it is a buy. Horsehead's IPO in August went virtually unnoticed, and this undervalued stock has the makings of a "solid blue chip," said Cramer. He said if ZINC had debuted this month rather than in August, it would be at 30. He would consider buying it now but told investors to "walk away" once it reaches 23.Game Plan for the Coming Week: Nova Chemicals (NCX), Air Products and Chemicals(APD), Hologic (HOLX), Core Laboratories (CLB), FMC Technologies (FTI), Transocean (RIG), Schlumberger (SLB), Amazon (AMZN), Google (GOOG), Research In Motion(RIMM), Apple (AAPL)
Cramer expects good things from NCX and APD and the Chemical Conference at Credit Suisse next week, and predicts Hologic will "strut its considerable stuff" and the UBS Life Science Conference. He suggests benefiting from high oil prices by taking a look at CLB, FTI, RIG and SLB. Further rate cuts may mean more declines, Cramer commented and added his "four horsemen" stocks: AMZN, GOOG, RIMM and AAPL, are "producing more cash than they know what to do with." With a glass-half-full attitude to the falling dollar, Cramer said a weaker US currency means European and Canadian companies, with expensive currencies, may be taking a look at American takeover targets; "What's bearish to the bears is actually bullish to this guy."
Responding to an accusation that he misrepresents his failures as successes [GS, NYX and SHLD], Cramer responded; "If there is anyone who beats himself up more on the TV than I do, let me know," adding that he never really doubted GS.
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