Lightning Round: Sun Micro, Sears, Tyco and More
DENTSPLY : “You are right. That stock goes higher,” Cramer said. He thinks if the Fed doesn’t loosen, XRAY is the kind of stock that could “make you even more money.”
Sun Microsystems : The fundamentals are good and getting better, Cramer said. “I am, right now, for the first time, behind Sun Micro.”
Cognizant : It has come down hard, making it attractive, Cramer said, but the only company in that space he likes is Accenture .
Sears Holdings : It’s just too levered to housing, and Cramer doesn’t see any light at the end of the tunnel unless the Fed cuts rates “radically.” He thinks more pain is ahead for Sears.
Paccar : This trucking company has been overlooked, and Cramer thinks it is “every bit as good as Cummins .”
Sara Lee : There’s no upside in Sara Lee, Cramer said. He would rather stick with Kraft and Pepsico .
Microsoft : Cramer likes it, but said he “cannot go with Microsoft when there is so much terrific competition away from it.” Go with Cisco Systems for its “genuine momentum” or the “terrific” Hewlett-Packard , he said.
PAETECH Holding : “I’ve got Verizon and AT&T and you come to me with PAETEC?!”
Biovail : Cramer thinks this is a second-rate biotech company. He recommends Amgen , Schering-Plough, Gilead and Celgene .
Tyco : “I was too negative on the stock,” Cramer said. “There is value in Tyco.”
Annaly Capital Management : Cramer thinks this is his number-one name if the Fed cuts rates next week.
Las Vegas Sands : Don’t be short these casino stocks or you could get hurt, Cramer said. He is sticking with Las Vegas Sands, Wynn and MGM Mirage.
Allstate : “Not my favorite insurer,” Cramer said. “I like the stock but I’m not going to rave about it.” He prefers Travelers Cos. .
Jim's charitable trust owns Hewlett-Packard and Sears Holdings.
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