Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,m Wednesday July 9. Click on a stock ticker for more analysis.
Healthcare may not be performing better than it was before, but at least it produces consistent earnings and is safer than other sectors, said Cramer. He recommended Becton Dickinson, which produces surgical supplies and has a diagnostic division. While the company has been lagging behind competitors, CR Bard and Baxter, 55% of its sales are from abroad. The company makes safer syringes which prevent the spread of disease and has a test for a common skin infection picked up in hospitals. BDX has dropped from a 52-week high of $93 to $83 on worries that higher oil prices might make resins used in its products more expensive. Cramer says a healthcare company is not a chemical company and believes oil has hit a wall.
At first glance it seems odd that, a few days before the release of Apple's 3G iPhone, AT&T, the product's only carrier is just a dollar above its 52-week low. Cramer says The Street is punishing AT&T, since it is actually subsidizing the new iPhone, but he added the company will make more money with the new iPhone than with the previous version. Cramer would move money from AAPL into AT &T, which has a 4.8% yield. In addition, the company will not provide merely a one-time bounce, but with its premium data plans and charges for SMS messaging, there should be significant upside for AT&T, which is cheaper, according to Cramer, than its competitor Verizon.
Cramer told one viewer that he likes high-tech oil stocks
and Gulf Island Fabrication, but would wait to buy until the market retreat is finished. Cramer would avoid Blue Coat Systems and Cisco, which reports sales are sluggish. Even though it is developing vehicles that use alternative fuel, Cramer is not bullish on Tata Motors. Oil States
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading!
Get Cramer's Picks by e-mail -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com