Jim Cramer's Mad Money In-Depth, 1/22/08: Ladies' Night

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Includes: AAPL, BB, BBD, CLX, ENOC, FLO, IBM, MSFT, VALE
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday January 22. Click on a stock ticker for more analysis:

Banco Bradesco (NYSE:BBD), CVRD (NYSE:RIO), Microsoft (NASDAQ:MSFT), IBM (NYSE:IBM), Research In Motion (RIMM), Apple (NASDAQ:AAPL)

"Today was the day the Federal Reserve finally blinked and woke up from its reckless stupor," Cramer said as he applauded the Fed's emergency cut which he declared may just be "the beginning of the end of this nightmarish market." If the Fed had not acted, the market might have fallen 1,000 to 1,500 points and Cramer says he hopes to see more cuts. Any lift in bank stocks should be used as a selling opportunity, Cramer said, and he recommended investors go South of the Border to Brazil for buying opportunities such as BBD and RIO. After Apple's drop, Cramer says the stock is becoming "too hard" and would take a look at RIMM, IBM and MSFT instead. He also said broken real estate stocks may begin to look interesting.

T.J. Maxx (NYSE:TJX) While the retail sector thrives on rate cuts, Cramer is looking for a retail name, such as T.J.Maxx that will also do well in a slowdown. Cramer says Carol Meyrowitz has been a transformational CEO and he points out TJX was one of the few retails which reported a rise of December same-store sales. Although it is early in the year, the company has bought $650 million worth of shares and plans to buy another $250 million this month. In addition, TJX trades at 13x this year's consensus earnings estimate. Cramer expects a 12-35% gain in the stock.

Am I Nuts? Yahoo (YHOO) and Celgene (NASDAQ:CELG)

Doctor Cramer analyzed his patients on a special edition of "Am I Nuts?" One woman confessed to being emotionally attached to Yahoo because she went to high school with CEO Terry Semel. Cramer said he doesn't like the management and would scale out of the stock every time it rises on takeover rumors. Cramer told another woman who bought Celgene as a trade that he wished the company had more drugs in the pipeline, but the stock should have 8 to 10 points more upside. Ladies' Night : Flowers Foods (NYSE:FLO), EnerNoc (NASDAQ:ENOC), Pharmerica (NYSE:PMC), Clorox (NYSE:CLX)

Since Tuesday was Ladies' Night on Mad Money, Cramer met with members of Smart Women Securities, a Harvard investment group which has beat the market by 10%. Concerning FLO, Cramer said although he is worried about raw costs and the company's history, he would do research before commenting further. He said ENOC was a bit dicey, but he liked the concept. PMC may face a fickle government and is not well-covered, but deserves further research. While CLX may seem to be overly diversified with brands, Cramer likes it under $60.

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