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Jim Cramer Six In Sixty - 5/7/12

|Includes: CCL, DISH, NWL, PepsiCo Inc. (PEP), SYY, T

PEP - PepsiCo - I like this, commodity costs are going down, Buy Buy Buy.

CCL - Carnival - Downgraded to Neutral at GS - This is a European play, Carnival switched to a lot of Europe and Europeans are not spending, I think it's a good call.

NWL - Newell Rubbermaid - Oppenheimer upgrade - The exact opposite of Warren Buffer, they're deconglomerizing while Buffet's continuing to buy, that's why this is going higher and his isn't.

SYY - Sysco - food services - talking about inflation coming down a bit in food, I still want to see the proof, these guys have not executed well.

DISH - Dish Network - new subs? - They're costing too much, this is the same as Netflix, these are important issues.

LEAP - wireless - Piper upgrade from Sell to Hold - That's the question, is it ever gonna come back? It's probably down enough.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.