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It’s time to “ring the register” on homebuilder stocks. However, one homebuilder stock “the Fed can’t crush,” said Cramer, is Homex Development (HXM), since it’s located in Mexico.

Cramer acknowledged that investing in Latin America isn’t without certain risks, which are “real concerns.” But Cramer is willing to look past those risks because of Homex’s growth.

It is the only Mexican homebuilder listed on the New York Stock Exchange, and its books are kept according to U.S. accounting standards.

Morgan Stanley recently initiated coverage of Homex with an overweight rating.

A caller asked if Cramer was still bullish on Bancolombia (CIB), another Latin American play.

Cramer said Bancolombia was still worth buying, but he wasn’t as bullish on it after the stock’s 40% rally in the past few months.

Asked why Cramer was focused on Mexico, Cramer said the country is self-sufficient in energy, so its economy doesn’t have the headwind of oil that the U.S. economy has.

Adams Respiratory

Adams Respiratory Therapeutics (ARXT), a specialty pharmaceutical company, excites Cramer because of the company’s new variations of its Mucinex expectorant drug. The new variations, Cramer believes, will be granted marketing exclusivity.

If Food and Drug Administration grants marketing exclusivity for these new variations in the first half of 2006, Cramer expects Adams’ revenue to triple.

“If you want to own just one drug stock,” Cramer said, go with Genentech (DNA).

Solar power best of breed

“Solar power is starting to look pretty darn nice,” said Cramer. Cramer likes Cypress Semiconductor (CY), because it doesn’t have the “risk that comes from the fly-by-nighters.”

Cypress has a unit called SunPower, which is “best of breed” in the solar space.

Cypress announced this week that it would spin off SunPower but will keep a controlling interest. “I see at least 5 points of upside from Cypress right now.”

Guest CEO segment

Brown-Forman (BFB) CEO Paul Varga was on the telephone. Cramer was bullish on Brown-Forman because drinkers in their 20s and 30s, who used to drink beer, now prefer drinks made with Southern Comfort and Jack Daniel’s.

Lightning Round

Bullish - Coach (COH), Harman (HAR), Nordstrom (JWN), Martha Stewart Living Omnimedia (MSO), Xcel Energy (XEL), Google (GOOG), Yahoo! (YHOO), Puget Energy (PSD), SCP Pool (POOL), Plug Power (PLUG), Headwaters (HW), FuelCell Energy (FCEL), Terex (TEX), Gamestop (GME), Activision (ATVI), Valero Energy (VLO), Northfield Laboratories (NFLD), Procter & Gamble (PG), Radiation Therapy Services (RTSX), Offshore Logistics (OLG), National Oilwell Varco (NOV), EnCana (ECA), Skyworks Solutions (SWKS), Sirius Satellite Radio (SIRI), XM Satellite Radio Holdings (XMSR) and Genesis Microchip (GNSS).

Bearish - AT&T (T), Time Warner (TWX), Baidu.com (BIDU), LeapFrog Enterprises (LF), Albemarle (ALB), AvalonBay Communities (AVB) and Alcoa (AA).

CramersMadMoney.com
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