Recap of Jim Cramer’s comments on his radio show on Monday November 27. Click on a stock ticker for more analysis:
Retail, Credit and Oil: Wal-Mart (NYSE:WMT), J.C. Penney (NYSE:JCP), Target (NYSE:TGT), Bed Bath & Beyond (NASDAQ:BBBY), Capital One Financial (NYSE:COF), Mastercard (NYSE:MA) - Retailers like JCP, TGT and BBBY are reporting "outstanding" numbers, although Cramer is surprised that Wal-Mart isn't receiving more criticism from the press. He suggests a good way to benefit from consumer confidence for those who don't want to buy retail stocks is to pick up credit card companies, like COF. Although Cramer has liked MA, he is concerned because of its recent run and would buy it lower. Moving on to oil, Cramer says that the sector is in a "sweet spot," which is good for oil companies and investors looking for cheap stocks. If oil remains in the 60s "we're hooked," says Cramer, who would let go in the 80s and comments that, if oil falls to the 50s, companies will lose profits.
Related: Vitaliy N. Katsenelson makes the case for Wal-Mart as a long-term play.
Drug Doldrums: CVS (NYSE:CVS), Caremark (CMX), Walgreens (WAG), Wal-Mart (WMT) and MedcoHealth (NYSE:MHS) - Cramer notes that CVS and CMX have dropped steadily since their merger was announced, and WAG has also fallen. While some blame WMT's cheap drug prices for the decline in the sector, Cramer says that the pharmacies might just be worn out or may be the victims of sector rotation. However, Cramer thinks the all of the above-metioned companies are solid and includes MedcoHealth, which is buying back stock furiously, on the list of drug stocks which won't stay down forever. Cramer recommends buying and holding these companies. On a side note, Cramer tells investors not to be discouraged by the market's lackluster performance on Monday, because in the pre-holiday season, people are using money for shopping rather than investing and not many deals are made around Thanksgiving. However, he says that the situation is "ideal;" the auto and housing market is down, the consumer is confident, and the Fed is unlikely to raise interest rates.
Disney (NYSE:DIS): Cramer likes Disney and thinks it is too cheap to sell.
Google (NASDAQ:GOOG): This stock is the greatest-growing large-cap he's seen, says Cramer, but during a sell-off, he would wait until it went down 30 points before buying more.
Freeport-McMoRan (NYSE:FCX): Cramer thinks this stock is cheaper than PD, the company it is buying.
Companhia Vale do Rio (NYSE:RIO) and Lundin Mining (LMC): These companies are preferable to FCX and PD, says Cramer.
EI DuPont de Nemours (NYSE:DD): Cramer thinks that DD has "great growth" and is a "better bet" than Dow.
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN): Cramer notes that these casino plays have been cleaning up in Macau.
Phelps Dodge (PD): Cramer would prefer to buy Freeport-McMoRan which is buying PD.
Dow Chemical (NYSE:DOW): Cramer thinks this stock is stuck at $39 until it starts making plastic in Asia.
Boyd Gaming (NYSE:BYD): This company missed a big opportunity to move to Macau, says Cramer.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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