Cramer said he doesn’t like the market as real estate looks crummy, financials are dropping, gold safety is being discussed, options expiration is next week and he thinks that you could see a lot of prevailing winds acting against a bullish bias. If it is a selling week the good companies with quarterly reports will still get hit. He thinks things will get worse in the market before they get better. He does have several names he has a gameplan for next week:
After Prudential (PRU) did so well and AON (AON) did too, he thinks Met Life (MET) is even better and will do well. You can buy 1/2 Before the earnings and buy 1/2 after earnings.
Chipotle (CMG) and Denny’s (DENN) both report; but because Cramer is nervous ahead of the week he thinks you buy after earnings to avoid event risk. On Lifetime Fitness (LTM) he likes it. On Baidu.com (BIDU) Cramer thinks you should be patient, be careful because it is wild after earnings. KB Home (KBH) is one the you can buy after the profit taking after earnings. Daktronics (DAKT) already sold off 8% so he wants to be in ahead of the quarter.
In a call-in he also said he still likes Level 3 Communications (LVLT). That is his second time to call it this week; and this was his #1 speculative pick for 2007.
Jon C. Ogg
February 9, 2007
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