Cramer's Stop Trading! The Best Conference Call of the Quarter (12/18/09)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday December 18. (NYSE:CRM), Oracle (NYSE:ORCL), Microsoft (NASDAQ:MSFT), Darden (NYSE:DRI), Chesapeake Energy (NYSE:CHK), BP (NYSE:BP), Goldman Sachs (NYSE:GS), XTO Energy (XTO), Exxon Mobil (NYSE:XOM)

Cramer said Oracle's (ORCL) conference call was "the best of the quarter" and commented on its "monster beat." Oracle is taking market share from Microsoft (MSFT), but not from (CRM), and Cramer would buy CRM, which has very little resistance on its way to $75.

Darden (DRI) CEO Clarence Otis is "unbelievably conservative" said Cramer, so the CEO's comments on Darden's conference call are an endorsement of consumer confidence. Although Red Lobster's performance has been lagging, sales at Darden's other restaurants have been strong, especially for higher-end steak products. Cramer says Darden's results are proof the consumer is coming back.

While Chesapeake Energy's (CHK) CEO Aubrey McClendon enjoys running his own company, Cramer thinks McClendon might get an offer he can't refuse from Chesapeake partner BP (BP). Cramer thinks Chesapeake is the natural gas company that most resembles XTO Energy (XTO) which was recently bought by Exxon Mobil (XOM).

Cramer predicts Goldman Sachs (GS) CEO Lloyd Blankfein will be pressured to do without a bonus, and thinks the money should be used to expand the company's program to award loans to small businesses.


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