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Tonight was a different show on CNBC’s FAST MONEY hosted by Dylan Radigan with the round table, because Jim Cramer came on with the Fast Money Five.  There is a brief 2 paragraph synopsis about what the regular crew said on their own, and Cramer’s comments were later plus a recap of his Mad Money stocks.

Intercontinental Exchange (ICE) was listed by "the boys" on FAST MONEY as the hidden oil trade; Armor Holdings (AH) was listed as the Iraq trade; and Honeywell (HON) was listed as a takeover candidate.

On the Cisco/Apple case: Jeff Mackey said what I said that the Cisco case against Apple doesn’t matter and it’s irrelevant.  Eric Bolling said the market isn’t paying much attention to it.  I agree with the pro side of the case for Apple, but my partner Doug agrees with the the other side; that’s a market.  Guy Adami said to take money off the table with the volume so high.

On Fast Money Cramer discussed why he is not a commodity fan, and he said Alcoa (AA) was a sideshow winner right now; but he can’t be a long-term bear on commodities.  Cramer likes financials as the best sector for the year.  Cramer did come out positive on Sears Holdings (SHLD) as I suspected he would, but Mackey came out against it and said Lampert isn’t a good retailer.  Adami and Cramer both were out positive again as a turnaround with a great CEO.  Cramer also came out in favor of J&J (JNJ)

On Mad Money Cramer was positive on Petsmart (PETM) and you can click here for the full comments on the turnaround.

His pick for humans was Saks (SKS) as a turnaround, and he thinks it gets bought out.  Here are the comments.

Boy, I tell you what…..watching 5 Pundits who ALL have personality and ego go at it all at once is a Catch-22.  It has value because you can see both sides, but it is troubling to follow and I hope they never do one of these while the stock market is open in normal trading or even when after-hours is still fairly liquid.

Cramer earlier on CNBC noted that he wants to Buy Google (GOOG) at any price under $500, because it’s going into the $600’s.

Good night.

Jon C. Ogg
January 10, 2007