Recap of Jim Cramer's radio show on Tuesday October 24. Click on a stock ticker for more analysis:
AT&T (NYSE:T) and Comcast (NASDAQ:CMCSA) - Cramer comments that the surge in the market is keeping the bears quiet and to demonstrate his point, he discussed AT&T and Comcast which have been in an upward swing for the entire year. While bears warned that the two companies were going to "kill each other's gross margins" and destroy their stocks, they both hit 52-week highs consistently. In addition to stock buybacks, AT&T and CMCSA's consolidation of cable and telephone have "led to a more benign pricing environment," says Cramer. Comcast has internet, cable and telephone and Cramer predicts that AT&T will benefit from the paucity of cell phone players and that both companies will go higher.
Related: Tiernan Ray discusses AT&T's recent rise in profits and sales.
Wal-Mart (NYSE:WMT), Sears (NASDAQ:SHLD), JC Penney (NYSE:JCP), Kohl's (NYSE:KSS) Best Buy (NYSE:BBY), Lowe's (NYSE:LOW), Halliburton (NYSE:HAL), Kimber Resources (NYSE:KBR) - When the "giant imploding retailer," Walmart, announced that it would halt expansion to take care of its business the market hailed it as good news, according to Cramer. He suggests sticking with retail, commenting that Sears gained five points and that KSS, JCP, BBY and LOW are all doing well. Although Halliburton "blew away its estimates ... nobody believed them," said Cramer who added that the company is poised to spin off KBR "one of the gems of infrastructure." Although Cramer likes HAL, he says it hasn't reached its bottom yet.
Staples (NASDAQ:SPLS): "makes a lot of sense to own, " Cramer said and told a caller to switch out of Office Depot (NYSE:ODP) and Office Max (NYSE:OMX) and into SPLS.
Charming Shoppes (NASDAQ:CHRS): Cramer would buy this stock, especially before the holiday season, if it goes down a dollar from $14.74
Arena Pharmaceuticals (NASDAQ:ARNA): Although this company is "reacting poorly to a recent downgrade, the downgrade was a "mistake," and Cramer would buy 100 shares now and another 100 if it goes down after its report this week. Cramer says Arena is "a great speculative stock."
DivX (DIVX): Cramer says that this stock will go to $30, but suggested selling a bit since it has already had a four-point rise.
Sherwin-Williams (NYSE:SHW): Although Cramer believes that SHW will win its lead paint lawsuits, he believes that the gains have been generous and that one should sell.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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