Jim Cramer Blog

Transocean (NYSE: RIG - News): ' I am going to reiterate that the driller of the year is RIG. This is it! This is the cheap one, and last week, at the A.G. Edwards' conference, they indicated they favor consolidation... That's how you picked up a quick $5, and we are not done yet.'Washington Mutual (NYSE: WM - News): 'This is a very tough call because, in the end, WM has bigger risk, and bigger reward... 'Bank of America (NYSE: BAC - News): 'BAC is a well-run bank with a good dividend ... best-in-breed is BAC.'Thermo Fisher Scientific (NYSE: TMO - News): 'TMO is the arms merchant to biotech. I have liked the stock. When they're in there giving each other the business, and they need equipment, they buy TMO, and therefore I am in favor of it.'Western Union (NYSE: WU - News): 'This company is now on all cylinders. The Mexican business is great.'Freeport-McMoRan (NYSE: FCX - News)Best Buy (NYSE: BBY - News): 'I know this stock has been a dog. I mean it's just been awful. I also know that I have liked it throughout this period... I believe that you have to hold onto it, but the payoff may not be immediate. ... Stay long.'Lundin Mining (AMEX: LMC - News): 'LMC is better than your stock. I would rather see you in that stock at $11, $1.50 below its high, I would buy LMC! That's the copper and zinc play and I say back up the truck LMC, after the copper breakout...'BigBand Networks (NasdaqGM: BBND): 'BBND is one of my favorite new IPOs! I say hold onto it. This is one of the best performers already, and I think it's only going to get better!'Cisco (NasdaqGS: CSCO): 'Many people have taken shots at it ... They are all wrong! It's the best networker in the game. I think it has a big upside surprise and, not only do I want to stay with CSCO, I want to pull the trigger right here!'
Bearish calls:
Helix Energy (NYSE: HLX - News): ' I say swap out of HLX, and get into RIG!'Northern Orion Resources (AMEX: NTO - News): 'I think it's interesting ... LMC is better than your stock.'
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Labels: BAC, BBY, CSCO, FCX, HLX, Jim Cramer, Lightning Round, LMC, Mad Money, NTO, TMO, WM, WU