Tuesday November 28 2006 Recap of Mad Money with Jim Cramer

Tuesday November 28 2006 Recap of Mad Money with Jim Cramer

Show Theme: Investing with a Market Sell-Off

Look for a stock that should be up on good news but the market has forgotten about the good news because of the sell off.

Look for a stock that is around 100 dollars that the rest of the market is scared to touch.

AGN. Buy it bit by bit. If you wanted 25000 shares of AGN then let this be your first 5000 here.

Allergan, Inc.

(Public, NYSE:AGN)

Caller: MMT
Cramer: Go to the shop that will take care of all of your needs which is AGN.

Caller: PMRT?
Cramer: Best of Breed Laser Company. Take advantage of the weakness.

Commercial Break:

COF : Rate cut? Borrowing less and paying lower prices. All of the big ticket Christmas items like PS3s and big screen tvs were bought on credit. Trades at less then 12% next times earnings. Deal for Northfolk bank takeover is finalized on Friday? Cramer thinks COF will be doing a stock buy back next year to sop up the dilution of the Northfold takeover. Good weak dollar play.

Capital One Financial Corp.

(Public, NYSE:COF)

Bottom Line: There are those that dream of solutions. There are those that dream profits. Buy Buy Buy.

Caller: AXP American Express Company
Cramer: Cramer likes AXP but MA has more growth potential. One thumb up for AXP but two thumbs up for MA.

Commercial Break:

Its Time for the Lightning Round:
.
1-800-743-CNBC Mad Money Phone Number for the Lightning Round.
madmoney@CNBC.com

Caller's Stock : Jim Cramer's Recommendation
SHLD : Cramer totally misses the Rock impression. Two thumbs up.
TWX : Buy Buy Buy. Cheapest cable company and dot com and magazine business.
OVTI : Coach's Challenge. So many better cheaper Tech stocks. MRVL is the suggestion.
URS : Rebuilding the levies in California. Bullish because of big contracts.
GLW : Corning? Mon back.
AIG : Jim owns it and owns it for the Charitable Trust.
ICGE : No. Wants you in GOOG
BQI : go to suncorp or ?
TIVO : Cramer thinks its a Sell becuase he is vindictive and does not like the fundamentals.

Commercial Break:

How to spot and understand a great piece of investment research looks like:
Beat up on Analysts and give them no chance to defend themselves. Analysts tend to be all wrong in the same way at the same time.

But not every analyst is like that.

David Strasser: Upgraded LOW. Admit the fundamentals have not bottomed yet. You cannot wait for the bottom. Stocks diverge from the companies near term performance. (Whatever that means). Strasser acknowledges that Lowes has good management. PE analysis. Lowes should be trading at 18 times earnings. Interest rates are coming down and inflation has peaked. Risk versus reward. 4 down 12 up. Strasser is a former hedge fund manager. All that matters is performance.

Lowe's Companies, Inc.

(Public, NYSE:LOW)

Commercial Break:

Interview with Plantronics' CEO?: Hands Free Trend in California. Changes in the Law. Not only on the road but the products can be used in the office as well. Blogger Note: to me this means speaker phone :End Blogger Note. ORCL decided to standardize on VOIP using PLT.

Cramer is on the fence: Don't Buy ring the register.

Plantronics, Inc.

(Public, NYSE:PLT)

Commercial Break:

Very close to the bottom of the profit taking.