Jim Cramer's Mad Money In-Depth, 11/08/07: Bulletproof Investments

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday November 8. Click on a stock ticker for more analysis:

Altria (MO), Freeport-McMoran (FCX), Foster Wheeler (FWLT), Transocean (RIG), MedoCoHealth (MHS) Cramer compares the current market to that of 1990 when commercial real estate fell apart and sent the averages down 13% in six months. What worked then will work now, said Cramer: companies with solid dividends, strong balance sheets and international exposure. He gave viewers a list of five bulletproof stocks for the current environment. MO is splitting itself up into a domestic and an international business, is not affected by high commodities prices and has a 4% yield. FCX does more business in China than in the U.S., and Foster Wheeler reported a great quarter this week, has a market cap of $10 billion that may double, has exposure to the Middle East and is planning a two-by-one split. RIG is the "principal beneficiary" of rising oil prices, is completing its merger with Global Santa-Fe and has no exposure to the U.S. MHS is "the ultimate bulletproof stock," said Cramer, and reported its best quarter ever.

Sell Block: Under Armour (UA), PMI Group (PMI), MGIC Investment (MTG), MBIA (MBI), Ambac Financial Group (ABK)

Cramer would get rid of UA because it has lost its way. While inventory increases are usually a sign to stay away from a stock, Cramer was willing to overlook this flaw because he saw that CEO Kevin Planck was so confident in the company. Insider selling really was the last straw for Cramer, and he gave up on the stock. Cramer believes UA wouldn't have risen so high but for his bullish remarks, but thinks the story is over and retail is a problematic place to be. Cramer warned viewers against allowing themselves to be seduced by low prices among the four horsemen of the mortgage crisis: PMI, MTG, MBI and ABK, and would not buy these names. He suggested those who already owned them should wait for a short squeeze and sell.

Related: Tradermark criticized Cramer for ignoring UA's inventory problem.

Mad Mail: Nastech Pharmaceutical (NSTK) Cramer said he lost sleep after one of his favorite stocks, NSTK, closed at $7.09 on Thursday and lost almost 50% in only three days.

Related: Ant & Sons discusses Nastech's Third Quarterloss.

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