The Week of Cramer (FEB 5 to 9, 2007)

This was an odd Cramer week, because he was in but only partially.  He did his back to school tour at University of Virgina and many of his Wall Street Confidential videos were pre-recorded.  That aside, Jim Cramer did have some things to say.

Cramer is still behind Cisco (CSCO) and he came up with a speculative basket for telecom stocks.

He also gave another speculative pick Friday evening in the seed and seed technology sectory called Landec (LNDC).

On Friday he noted that the upgrade in Semiconductors was ill-timed and he likes "Ag as the new oil."  Here are the full comments on that segment.

In one pre-recorded segment he was actually out in favor of Sarbanes-Oxley and panned most of the current IPO’s in the hopper.

Cramer also had a weekly SELL BLOCK where he featured many past picks, but not all are outright sell calls.  He noted Avon (AVP), Wells Fargo (WFC), Washington Mutual (WM), Abercrombie & Fitch (ANF), Circuit City (CC), Sears (SHLD).

Cramer also said that DST Systems (DST) is a potential buyout candidate.

He also outlined how Sears (SHLD) would benefit from the Fortress IPO, and late yesterday I issued a piece showing how many other non-hedge fund alternative investment vehicles are out that are publicly traded stocks as well.

Cramer was also discussing the implosion in the subprime lenders after the restatements from New Century and after HSBC warned about lower lending hurting them.  He was also dead straight by saying that investors should wait before buying because they would drop further.

Cramer interviewed Celgene’s (CELG) CEO Robert Hugin, and we all know Cramer has been a pro-Celgene picker.

Cramer panned Crocs (CROX) on a long-term basis but said you can actually still make money off it in the near-term.  Under Armour (UA) was the one that Cramer thinks could end up being the next Nike.

While Cramer did this on a pre-recorded basis, it was very interesting to hear him pan ETF’s.  I didn’t agree with the call one bit and think it was a bit targeted, but I have only been on CNBC once and he is on many times a day.

He also started out the week by commenting that he has a new tech exception that you can buy called Avnet (AVT), although it is interesting that it is a distributore more than a producer.  Here is the original list of TECH EXCEPTIONS he gave in January for 2007 when he panned the entire sector.

Jon C. Ogg
February 10, 2007