Cramer’s favorite oil-play stock is National Oilwell Varco (NOV).
Cramer also recommended EnCana (ECA) and Cimarex (XEC). Cramer predicted oil will hit $100 a barrel.
When Procter & Gamble (PG) closes its deal with Gillette (G) the combined company will be a monster, Cramer said. This is the wrong time to sell Procter, Cramer said. “People are selling because they are bored, and that’s wrong.”
Procter & Gamble (PG) spends more on research than all of its competitors combined. “This is why you go with best of breed,” Cramer said.
Cramer spoke with RadioShack (RSH) CEO David Edmondson on the telephone.
On Monday, the stock climbed more than $3 after it announced a 10-year distribution agreement with Cingular, the joint venture between SBC Communications (SBC) and BellSouth (BLS). The deal meant the end of its current deal with Verizon Wireless (VZ).
Cramer said that with RadioShack (RSH) up more than $3 Monday, it was time to ring the register on Tuesday. Some analysts may upgrade the stock; if so, investors should sell stock into those upgrades, Cramer said.
The Lightning Round
Bullish – J.C. Penney (JCP), Transocean (RIG), Freightcar America (RAIL), eBay (EBAY), Corning (GLW), Petroleo Brasilero (PBR), Pentair (PNR), Keyspan (KSE), Frontier Financial (FTBK), Disney (DIS), i2 Technologies (ITWO), Hershey Foods (HSY), Alderwoods Group (AWGI), Marvell Technology Group (MRVL), Eagle Materials (EXP), Panera Bread (PNRA), United Technologies (UTX), Calpine (CPN), Morningstar (MORN), Pioneer Drilling (PDC), and CB Richard Ellis (CBG).
Bearish – AT&T (T), FedEx (FDX), Symbol Technologies (SBL), PetMed Express (PETS), Martek Biosciences (MATK), Novatel Wireless (NVTL), Vimpel Communications (VIP), Tenet Healthcare (THC), Tractor Supply (TSCO), F5 Networks (FFIV), Olympic Steel (ZEUS), Empire Resources (ERS), OraSure Technologies (OSUR), Monarch Casino & Resort (MCRI), Peet’s Coffee (PEET), and Advanced Micro Devices (AMD).
CramersMadMoney.com
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