This week’s Game Plan is packed with plays for next week. It’s even got a bit of Sell Block in it because yesterday’s Skee-Daddy Day special kept Cramer from getting to it.
Not that he regrets hosting such a great episode of Mad Money. But he didn’t get a chance to share the good news about Penn National Gaming, which was one of the companies he said back in April was a likely private equity target. Well, Penn has agreed to a $67-a-share offer from Fortress. That’s a hefty 42% profit from where Cramer recommended it.
TASER is up since Cramer gave it the one and a half thumbs up, too. The stock climbed 34% since Nicolas Sarkozy won the French presidential election. Time for a schnitzel.
The Paris Air Show should generate some interest in aerospace and defense, Cramer says. There are eight stocks he recommends ahead of the festivities:
The Tyco analyst meeting should be taken as a chance to get out of the stock, Cramer says. He just doesn’t think there’s much upside left.
Tuesday is also when Darden reports. Cramer recommends getting in ahead of the numbers.
Wednesday is a mix of good and not so good. Circuit City and FedEx should be avoided, Cramer says, but Morgan Stanley might do well. Goldman Sachs and Bear Stearns have set the bar so low, that may bode well for Morgan.
Bottom Line: We’ll always have Paris, the Paris Air Show that is. Don’t forget to sell Tyco into its analyst meeting, Cramer says, or buy Morgan Stanley before it reports on Wednesday.
Jim's charitable trust owns Goldman Sachs.
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