Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday November 30. Click on a stock ticker for more analysis:
Bullish calls:

Abbott Laboratories (ABT): 'It's just a great company. ... It's got great drugs and great diagnostics. ... You know I like diagnostics for the show cause I talk about them all the time.'
Southern Copper (PCU)
Freeport-McMoRan (FCX): 'It's got gold, it's got copper.'
Nordstrom (JWN): 'Everyone is saying high end is bad. If the high end's bad, how come Costco had a great quarter? ... I would buy JWN.'
Annaly Capital Management (NLY)
Anadarko Petroleum (APC): 'These [APC, XTO, APA] are just great well-run oil and gas plays, and I'd recommend them to anyone.'
Apache (APA)
Devon (DVN)
XTO Energy (XTO)
American Standard (ASD): 'They've done the restructuring. ... This thing can't stay independent -- it's too good a business.'
Trane (TT)
Northern Trust (NTRS): ' … the two [NTRS and STT] best-run financial institutions in the country. ... Go read their presentations ... I want to recommend Northern Trust up here.'
State Street (STT)

Herbalife (HLF): 'I have switched to Herbalife (HLF) and I am much thinner!'
US Bancorp (USB):  'at 4.8% yield, USB... I'd pull the trigger right here!  I think they're going to own the mortgage market.'
Wells Fargo (WFC)
Southern Copper (PCU): 'Skee Daddy likes PCU... no doubt about it.'
Freeport McMoRan (FCX): ' if you want a cheaper stock that is off more, because the hedge funds kept dumping it all over the place... it is Freeport McMoRan, which is down a quick $15.'
 Novartis(NVS): 'Novartis  is the play.'
Cal-Maine Foods (CALM): 'Yeah, that stock is still cheap.  And people don't understand... it's like the only egg producer around there.'
Kraft Foods (KFT): 'That's the big dairy play that I like very much, and I'm reiterating that everybody's circling around KFT.  Irene Rosenfeld's going to sell some brands.  That stock goes from $32 to $35.'
Dell(DELL):'It reports later this week.  I think it's going to have an upside surprise … I think it reports $30 by the year's end.'
Coca-Cola Enterprises (CCE)
PepsiCo(PEP): 'PEP, at $68, has still got more upside.  Great international growth.  Frito Lay turned.  Brand new sugar-free Gatorade coming, and great ads last night on Sunday Night Football on NBC.'
Toll Brothers (TOL): 'I think is going to bottom, ahead of all the other homebuilders - the only area in this whole country with real estate that is not falling off a cliff.'
 CACI International (CAI)
 Raytheon (RTN): 'I like Raytheon more than CAI.'
 Lockheed Martin (LMT): ' … broke out today.'
General Dynamics (GD)
 American Standard (ASD): 'ASD, in the end, is an inexpensive stock.  You know I like the management.  But it's got a new CEO.  It's no longer going to be Fred Poses.  I've got to stick by ASD!' 
Hudson City Bancorp (HCBK)

Bearish calls:

New Stakes:

Hickey and Walters (Bespoke) submit: Below we highlight the stocks owned by Warren Buffett's Berkshire Hathaway as of March 31, 2007. We also include their performance since the 7/19 S&P 500 top to see how his positions have fared throughout the current correction.

As shown, a non-weighted average of each stock's performance is right inline with the S&P 500's decline of -7.69%. His financial and industrial holdings have been hurt the most, while his consumer stocks such as COST, PG, KO, WPO have actually seen slight gains. IRM has performed the best since 7/19 with a gain of 12.5%.

Bullish calls:

On the morning of day two of the Western Governor's Association Energy Efficient Buildings Workshop, the topic was performance contracting: a way of unlocking the power of a government entity's utility budget to make energy improvements that pay for themselves, but might otherwise never receive the necessary capital.

Upon completion of the sale, Bain Capital will acquire all of American Standard’s Bath and Kitchen business with 2006 annual sales of $2.4 billion, 26,000 employees and 54 production facilities in 23 countries worldwide. American Standard will then change its name to Trane. Trane is the flagship brand of its global Air Conditioning Systems and Services business, which last year generated sales of $6.8 billion.

At 0.73x sales, American Standard is selling the bath and kitchen division for a multiple lower than the company’s own 1.03x. However, the lower valuation appears more than justified, because according to the company’s annual report the division had lower asset turnover and lower profitability. Many investors are excited about the prospect of the company’s strongest division trading on a stand-alone basis.

Quote of the Day- "From the House's Mouth"

"There will be a ripple effect of forcing funds to rebalance their portfolios by selling things in a market where there just aren't many buyers. Eventually there will be demand again for securities backed by subprime loans, because the higher-rated bonds in the subprime class are still decent investments. But that won't happen until everybody takes a bath first." - Guy Cecala, publisher of industry newsletter Inside Mortgage Finance (Forbes, July 18th)

When I previewed the earnings report, I noted that “they are on the move. They’re picking up momentum and I suspect they will top estimates.” Clearly my suspicions were wrong, and I probably should have known better than to take a stand on a company doing so much reorganizing. While I think the restructuring will be beneficial in the long term, the report illustrates how much volatility can result in the short term.

The company also updated its full-year guidance:

Quotes of the Day- "From the House's Mouth"

"'08 is probably not going to be a year of strong recovery. Our hope is that it stays no worse than we are today. We're not predicting any significant recovery." - Larry Sorsby, executive VP and CFO of Hovnanian Enterprises (HOV).

TWST: What names are at the top of your list?

• PPI (Tuesday) - Look for my usual breakdown of the industries with pricing power
• Industrial Production (Tuesday) - Let’s see if businesses really are picking up steam
• CPI (Wednesday) - We know food costs more. What else does?
• Housing Starts (Wednesday) - Preview: They will be bad, and if not it will be bad news.
• Leading Indicators (Thursday)

The Earnings Calendar is going into overdrive this week. Some names I’ll be watching:

As part of its approval, the board authorized a dividend on its common stock of one WABCO share for every three shares of American Standard and established the close of business on July 19, 2007 as the record date. The distribution will be made as set forth in the information statement, which will be mailed prior to the distribution to shareholders of record on the record date. The distribution is expected to take place after close of business on July 31, 2007. American Standard will distribute cash to shareholders in lieu of fractional shares of WABCO stock.

As part of the infrastructure boom, the energy efficiency business benefits from significant construction activities around the world as well as the need to replace failing equipment in developed countries. The EERE estimates that by 2015, 15 million buildings will be constructed in the U.S.. All of these new buildings will need the HVAC (heating, ventilation, and air conditioning) equipment and services these companies provide as well as the sensors and controls for energy efficiency.

On May 17th, 2007, Johnson Controls released the results of the Energy Efficiency Indicator Research survey:

Cramer's Dirty Dozen: Whirlpool Corp. (WHR), Black and Decker (BDK), Allegheny Tech (ATI), General Cable (BGC), Honeywell (HON), American Standard (ASD), Johnson Controls (JCI), McDermott (MDR), Foster Wheeler (FWLT), Caterpillar (CAT), Terex (TEX), John Deere (DE)

It is worth noting, too, that median weekly earnings for the nation’s 105.9 million full-time wage and salary workers were $693 in the first quarter of 2007.

This being proxy season, everyone from legislators in Washington to shareholders sitting on their porch stoops in Kansas gets (i) to read how generous the named executive officers' [NEOs] compensation packages were at their favorite publicly traded Companies in fiscal 2006; (ii) to see how much the NEOs picked up in perks, too—personal use of the corporate jet, club membership fees, housing allowances, home security systems, etc.

The latest SEC 13f filing shows only one increase in UnitedHealth Group (UNH) and one reduction in Comcast (CMCSK). Data from quarter ending 12/31/2006; filed 2/14/2007.