Cramer thinks it’s too soon to buy energy stocks in today’s version of his Wall Street Confidential on TheStreet.com.  Energy and commodity stocks are cratering; now even drug stocks are going up even with the Democrats making their threats. Cramer doesn’t trust the bounce here in energy stocks.  Cramer said he was blind-sided at the Conoco (COP) news and it was worse than Nabors (NBR) since NBR is a natiral gas play.

In healthcare, Caramrk (CMX) is supposed to be out for shareholders.  He has sold CMX holdings now and if CVS  (CVS) stock doesn’t go up it will have a hard time closing.

Cramer makes many more calls and updates here on his video segment if you want to watch the video on TheStreet.com.

Jon C. Ogg
January 8, 2007