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Nov.06

10:22 AM ET

Tuesday, 6 Nov 2007

Lightning Round: AIG, Fannie Mae, Home Depot and More

Posted By:Carlo Dellaverson

Topics:Stock Picks | Stock Market

Jones Soda [JSDA Loading... () ]: Sell Jones and sell Jamba Juice [JMBA Loading... () ] and Hansen [HANS Loading... () ] while you're at it, Cramer said.

Radian Group [RDN Loading... () ]: Cramer believes the stock should be sold because the company can’t seem to raise the capital it needs.

Fannie Mae [FNM Loading... () ]: It’s too hard to know Fannie’s real exposure to subprime. Plus, it’s not allowed to get the bad loans off its balance sheet. “I can’t buy it here,” Cramer said.

Global Industries [GLBL Loading... () ]: The best of breed in this sector is Transocean [RIG Loading... () ], according to Cramer.

Trico Marine [TRMA Loading... () ]: It’s better than Oceanerring [OII Loading... () ], but Core Labs [CLB Loading... () ] is “who you need,” Cramer said.

Compellent Technologies [CML Loading... () ]: Crammer called this new IPO a “mini VMware [VMW Loading... () ].”

Oilsands Quest [BQI Loading... () ]: If the Canadian provinces lowered taxes on oil exploration, Cramer thinks BQI would be set up for some good pin action.

Rediff.com India [REDF Loading... () ]: People have been calling this the next Baidu.com [BIDU Loading... () ]but Cramer remains bearish.

Countrywide Financial [CFC Loading... () ]: Cramer still won’t recommend CFC. For investors who really want to play the group, Wells Fargo [WFC Loading... () ] is best, he said.

AIG [AIG Loading... () ]: Sell it, Cramer said. AIG has “way too much subprime,” making it difficult to value its portfolio. “We don’t know what the stuff is worth,” he said.

Home Depot [HD Loading... () ]: It’s exposed to a bad market and it’s just not as good as other retailers, even Lowe’s [LOW Loading... () ], according to Cramer.

Novagold Resources [NG Loading... () ]: If it wins a contract dispute it’s involved in, Cramer thinks NG could be a repository of an incredible amount of cheap gold.

Level 3 Communications [LVLT Loading... () ]: CEO Jim Crowe has “let us down,” Cramer said. Until Crowe agrees to come on Mad Money, LVLT will remain in the sell column.

Old National Bancorp [ONB Loading... () ]: Until the Fed cuts another 100 basis points, Cramer doesn’t want to touch ONB. “That is one nasty looking situation,” he said.

Superior Offshore [DEEP Loading... () ]: This is a low-quality oil services company, Cramer said, in part because it is too exposed to drilling in the Gulf. Transocean [RIG Loading... () ] is best of breed.

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Jim's charitable trust owns AIG, Fannie Mae and Transocean.

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