Jim Cramer Blog

Cramer began Tuesday's show by talking about investing opportunities in Brazil. Cramer believes that Brazil is a good place to invest because it will profit from lowered interest rates in the US and improving investment conditions. His top Brazil play is Banco Bradesco (BBD). Cramer had recommended this stock earlier this year, and then told people to switch into Banco Itau (ITU). Now he wants you to go back to Bradesco because it is cheaper and has better growth prospects.
Southern Copper (PCU): Cramer took a call asking if PCU would react to the falling dollar, and Cramer said not to worry about the US economy much when investing in Brazil. Next Cramer talked about an FCC ruling that is expected tomorrow which will eliminate agreements between cable companies and apartment owners. Cramer also thinks that Corning (GLW) will profit from the removal of these contracts, since Verizon (VZ) and AT&T (T) will move into apartments, and they will need to lay fiber to do so. Cramer also thinks that the company is too cheap considering its growth rate.
Noah Education (NED): This stock stumped Cramer yesterday, and since he thinks the Chinese education market is growing and he is bullish on the stock. He also mentioned that now is the chance to buy more dry bulk shipping stocks.
Cramer returned from the lightning round talking about a $64 per share bid that Kirk Kerkorian made for Tesoro (TSO). He thinks you can profit from some pin action from this offer by looking at other refiners. His recommendation is Marathon Oil (MRO), which would go up 18% if it was given the same valuation as Tesoro. Cramer thinks that refiners have bottomed, and that Marathon has given investors a good entry point, along with exposure to markets with better margins and the fact that they do some exploration as well.
Cramer then read an email thanking him for his stock picks and answered a question about merger arbitrage.
Sudden Death. Cramer is bearish on Palm (PALM) and Coach (COH), and he is bullish on Diana Shipping (DSX) along with other dry bulk shippers.

Labels: ATT. T, BBD, GLW, iTunes, Jim Cramer, Mad Money, Mad MOney Recap, PCU, VZ

Amazon.com Inc. launched its much-anticipated digital music store Tuesday, a move analysts say represents the first hint of real competition for Apple Inc.'s market-leading iTunes.
Amazon MP3, as the new section of the Web retailer's site is called, currently stocks nearly 2.3 million songs, all without copy-protection technology. Shoppers can buy and download individual songs or entire albums. The tracks can be copied to multiple computers, burned onto CDs and played on most types of PCs and portable devices, including the iPod and Microsoft Corp.'s Zune.

Songs cost 89 cents to 99 cents each and albums sell for $5.99 to $9.99.
Major music labels Universal Music Group and EMI Music have signed on to sell their tracks on Amazon, as have thousands of independent labels. The company said several labels are selling their artists' music without copy protection for the first time on the Amazon store, including Alison Krauss on Rounder Records and Ani Difranco on Righteous Babe Records.
Amazon's store competes with Apple's market-leading iTunes, which is also offering some songs without so-called digital rights management technology, which prevents unauthorized copies from playing.

Labels: AAPL, Amazon.com Inc., AMZN, Apple Inc., iTunes, Microsoft Corp., MSFT

Add gBox Inc. to the growing list of online music services hoping to chip away at iTunes's dominance.
The Cupertino, Calif., startup was forced out of a stealth mode when Universal Music Group announced late Thursday it would test sales of some digital music without the customary copy-protection technology.
Under the program, gBox will get referrals through ads Universal will buy through search leader Google Inc., gBox Chief Executive Tammy Artim said Friday.
Google will get standard advertising fees rather than a cut of sales under the arrangement. The ads, which would appear when a Google user searches for specific terms such as the name of an artist, will direct the user to gBox.

Labels: AAPL, Apple Inc., gBox, GOOG, Google Inc., iTunes