Cramer welcomed John McGlade, chief executive officer of Air Products (APD) to the “Mad Money” show to discuss his company’s prospects. McGlade told Cramer that ADP has registered patents for lithium ion batteries, which are used in hybrid cars. However, he explained that the technology is not ready for mainstream use at this time. He said right now ADP is supplying Duke Energy (DUK) oxygen that used in the gasification of coal to make energy. The process cuts down on greenhouse gases and could be a big step towards energy independence. McGlade said his company is able to hike prices even in this tough economic environment due to its diversified client base and unique business model. Cramer told viewers to buy ADP. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

The first caller had the following stocks: Costco (COST), Raytheon (RTN), Joy Global (JOYG), Proctor & Gamble (PG), and Chesapeake Energy (CHK). Cramer said this portfolio was diversified. The next caller was long: Alcoa (AA), Apple (AAPL), Harley Davidson (HOG), Ford (F) , and Solarfun (SOLF). Cramer told this investors to sell Ford and buy Raytheon (RTN). Join the fastest growing community of small cap investors at Stockhideout.com

Bullish
Honeywell (HON), Bunge (BG), Emerson Electric (EMR) and Colfax (CFX).
Bearish
Coach (COH) and Qwest Communications (Q).
Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com

Word On The Street
WORD VIDEO HERE
RIMM Trade
Research In Motion (RIMM) reported a higher first-quarter profit, but the shares plunged after the company’s guidance missed Wall Street estimates. Najarian said now is a great opportunity to buy this stock and he disclosed he will be adding to his position tomorrow. He noted the company added 2.3 million new subscribers without bringing out some of its new releases.
Dennis Gartman
The traders spoke with Dennis Gartman, author of The Gartman Letter, about his take on the Fed and commodities. Gartman said the Fed’s action was already priced into the market so he doesn’t see anything happening to commodities. He said its as if no meeting even took place and the market is back to where it was 5 days ago. Gartman noted that oil, gold and the grains all closed strong today and the dollar closed on a weak note. He disclosed he is long a little bit of gold and thinks it will be strong tomorrow. Gartman also said to buy coal on weakness and he advised investor not to short the coal stocks.
Aerospace Trade
Goldman Sachs Group (GS) downgraded Boeing (BA) to sell from neutral and added the stock to its conviction sell list. The traders spoke with Clayton Jones, CEO of Rockwell Collins (COL) about the airline division of his company. Jones explained that only 27% of Rockwell’s revenues come from Boeing and Airbus. He said that the rest of the company’s business segments like defense and business jets are strong and the market is way over playing Rockwell’s exposure to commercial airlines. Jones explained that the stock market is not rational in the short term and he will continue to run his business like they’ve done for the last 6 years – increase operating margins and increase return on investments. Adami said the stock is cheap on valuation and he loves the name. Finerman said she isn’t sure cause you can’t ignore oil.
Election Drug Trade
The traders discussed the which drug stocks would work under a McCain or Obama presidency. Najarian said if McCain wins buy Merck (MRK) and if either candidate wins Novartis (NVS) will work. For an Obama win he suggests Cepheid (CPHD), Myriad Genetics (MYGN) and Immucor (BLUD).
Cyberonics CEO Interview
Daniel Moore, CEO of Cyberonics (CYBX) joined the traders to discuss his company’s prospects. Moore explained that he brought CYBX into the green by cutting costs and expanding its epilepsy business. He explained that the technology the company sells is an implantable generator that sends electronic pules to the brain to treat epilepsy. The product helps to reduce the frequency of seizures. Finerman disclosed that her hedge fund has a large position in CYBX. Najarian said the company is very interesting.
Refiner Trade
Najarian told viewers that he has noticed a lot of insider buying in Tesoro (TSO) and heavy call options trading on the name. He explained that if oil falls the crack spread will widen and refiners should make more money. Terranova said stay away from the refiners. He mentioned that if oil drops the refiners wont be good plays because their inventories are too high. Finerman noted that she has also seen the insider buying in the refiners, but she doesn’t love the price action the sector.
POPS&DROPS
POPS- Barclay’s (BCS) traded up 5% after the bank said it plans to raise $8.85 million. Adami said avoid this stock. Pier 1 (PIR ) traded up 6% after the company dropped its bid to buy Cost Plus. Finerman joked its troubling when a stock goes up for not doing a takeover. Darden Restaurants (DRI) traded up 7% after the company beat earnings estimates. Terranova said if it drops below $30 get out. Ashland (ASH) moved up 9% after JP Morgan upgraded the stock to neutral from underweight. Luxottica (LUX) jumped 9% after the reaffirmed its 2008 outlook. Finerman said the stock had a relief rally. Nokia (NOK) added 6% off a strong earnings report from supplier Jabil Circuit (JBL). Najarian said about time Nokia started moving. Jabil Circuit (JBL) soared 16% after the component maker beat Wall Street profit expecations. Najarian said. that anything in this sector is doing great today. Winn-Dixie (WINN) surged 13% after Friedman Billings & Ramsey upgraded the stock to outperform from market perform. Terranova said the stock is heavily shorted and has more room to the upside.
DROPS- Massey Energy (MEE) fell 2% after the Wall Street Journal said coal producers can’t keep up with booming demand. Najarian said the pull back isn’t that bad. Rockwell (ROK) fell 12% after the company lowered its third-quarter earnings outlook. Adami said the stock hit a 52-week low today. XTO Energy (XTO) dropped 4%. Terranova said wait and see before jumping back in XTO.
Fast&Furious
Lennar (LEN) is set to report earnings before the market opens on Thursday. Adami advised investors to stay away. Discover Financial (DFS) will report earnings before the bell tomorrow. Finerman said take a look at MasterCard (MA).
Trader Radar
Shares of American Greetings (AM) were among the most actively traded stocks on the NYSE Wednesday.
Final Trade
Terranova picked Freeport McMoRan (FCX). Adami selected AT&T (T). Finerman recommended Microsoft (MSFT). Najarian said he’s bullish on Nokia (NOK). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

“I like what I heard,” and “I took it as bullish,” is what Jim Cramer said on CNBC’s “Stop Trading!” segment Wednesday about the Federal Reserve’s action. Cramer said he agreed with Ken Heebner that the best way to play the Fed’s decision is to look for global market plays. He feels that Brazil is the best positioned emerging market and he recommended shares of Petrobras (PBR). Moving on, Cramer said he can see how the Fed thinks the American consumer is making a comeback, but he didn’t agree. He explained the Fed is looking at casual dining play Darden (DRI), which is showing strong same-stores sales at its Olive Garden and Red Lobster franchises. He said he would still avoid most retail stocks. Lastly, Cramer said buy ConocoPhillips (COP) on a down futures day because the Fed isn’t crushing commodities yet. Join the fastest growing community of small cap investors at Stockhideout.com

Cramer recommended Oceaneering International (OII) for a play on clean offshore drilling. He explained that the company makes robotic operated vehicles (ROVs) – unmanned, joystick-controlled machines – that make offshore drilling more safe and prevent spills by inspecting deepwater pipelines, repairing leaks and assisting in drilling and removing waste material left behind from exploration. The company commands 34% of the global market for ROVs and 75% of its revenues come from the ROV division. Cramer also likes the company’s electro-hydraulic ROV umbilical business, which supplies power and fluid cables to the ROVs and the oil platforms, and has doubled its market share from 21% in 2004 to 42% in 2006. Cramer noted that capital investment in offshore drilling could surge to $305 billion from 2007 to 2011, vs. $204 billion from 2002 to 2006. “This is the stock to own for a resurgence in offshore drilling,” he said. The “Clean Tech” sector is poised to be the biggest gainer in 2008. See what our analysts rank as the #1 opportunity today

Cramer came out with bullish comments on graphite electrode maker GrafTech (GTI) for a play on the booming steel sector. GrafTech doesn’t make steel, but it does manufacture graphite electrodes, which are used in electric arc furnaces that steel producers use to turn scrap metal into steel. Cramer explained that furnaces need one electrode for every 8-10 hours of operation, and right now demand is exploding with most steelmakers running furnaces at full capacity. The demand for the company’s products is soo strong that GrafTech has been able to raise prices three times this year. The company is also a new-tech play. It makes insulation that is used to produce silicon for solar panels and graphite molds for deepwater drill bits. Cramer said the company has shored up its balance sheet and is buying back debt along with buying back 3 million shares of its own stock. Cramer reiterated his bullish call on steel plays US Steel (X), Reliant Steel (RS) and Nucor (NUE). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

Jerry writes, “In your game plan a few weeks ago, you said judging by the Standard and Poor’s Oscillator, you expected a multi-day rally to ensue. You recommended several stocks: Wells Fargo (WFC), Toll Brothers (TOL) and Owens-Corning (OC). Since then, the market has not rallied. At this point, should I hold these stocks and continue to wait for the rally or should I dump them?” Cramer said the S&P Oscillator is still showing a reading of being oversold. He advised the viewer to give the trade another week. He reminded viewers that this was just a trading call and not a long term buy call. Ian writes, “Yesterday, you said there’s no pure play on LED technology, but what about Cree (CREE)? It’s an LED pure play and very interesting company.” Cramer called CREE a loser and said the company has been a serial disappointer. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com

Bullish
Chesapeake Energy (CHK), Alcoa (AA), Medtronic (MDT) and Bristol-Myers Squibb (BMY).
Bearish
Wachovia (WB), Cemex (CX) and Intrepid Potash (IPI).
Join the fastest growing community of small cap investors at Stockhideout.com

Word On The Street
WORD VIDEO HERE
Fed Trade
The traders spoke with Steve Leisman about the chances of the Fed hiking rates. Liesman implied that the Fed language will not accommodate those in the market looking for hints at rate hikes in the future. He explained that the market is ahead of the Fed on the next rate move. “market is well wired for rate hikes beginning in August or September,” he said. Macke said if the Fed promotes a steady as she goes message the market will respond bullishly. Adami advised investors that if they don’t think the Fed will be hawkish then get long gold cause the dollar is in trouble.
RIMM Trade
The trades talked about how to play Research In Motion (RIMM) ahead of its earnings report set for Wednesday. Just about every analyst on the street is expecting RIMM to report earnings and revenues toward the high end of their guidance. Tim Long, a senior research analyst for Banc of America joined the traders to talked about RIMM. Long said there’s a lot more on the horizon for RIMM. He thinks a strong quarter out of RIMM bodes well for Apple Computer (AAPL) and Nokia (NOK). “The way we look at the market we see smartphones taking share from other types of electronics devices such as cameras or music players,” he said.
Window Dressing Trade
Fund managers are notoriously famous for dressing up their portfolios at the end of the quarter. Typically, money mangers buy up the best names and sell the worst. Macke said sectors like energy, agriculture and steel are overbought, while autos and financials are oversold. He suggested investors buy heavily shorted General Motors (GM) for a trade here, but not a long-term investment. Adami advised investors to play CVRD (RIO) in the steel space. Najarian thinks technology is going to be great in the second half of the year.
Housing Trade
The traders discussed some stock plays for the beaten-up housing sector. Adami explained that new housing starts are around 1 million and that level has signaled a bottom for the cycle in the last 35 years. Adami said for high risk traders look to play Centex (CTX), DR Horton (DHI), KB Homes (KBH) or Toll Brothers (TOL). Finerman said stay away from housing stocks with a lot of debt. Najarian said he hates housing.
POPS&DROPS
POPS- Raytheon Company (RTN) traded up 3% after JP Morgan upgraded the stock to overweight from neutral. Adami said the stock is cheap at 13 times earnings. Pulte Homes (PHM) popped 5% after Credit Suisse started coverage of the stock with an overweight rating. Finerman said move on. UST (UST) jumped 4% after UBS upgraded the stock to buy from neutral. Najarian said this company is all about chewing tobacco and investors should keep an eye on it. The Cheesecake Factory (CAKE) popped 6% after Wedbush Morgan upgraded the stock to buy from hold. Macke said if you are shorting CAKE he is on the other side of that trade. “Eventually there’s a bottom,” he said. Novartis (NVS) traded up 3% after Exane BNP raised its rating to neutral from underperform. Najarian said they have some great stuff in the pipeline and the company is out there making acquisitions. Pzena Investment Management (PZN) surged 13% on no news. Finerman said Rich Pzena is one of the best names in money management. Starbucks (SBUX) traded up 2% after Wedbush Morgan said the company should form a partnership with The Cheesecake Factory. Macke said the trend is down until they come up with a better business model then letting the hippies run the business.
DROPS- United Parcel Service (UPS) lost 6% after the firm cut its second-quarter profit guidance. Macke said UPS stock only turns down in this economy. Copper Tire & Rubber (CTB) dropped 4% after the tire maker cut production for the second-quarter. Adami said there is big short interest in this stock and it has more room to the downside. comScore (SCOR) plunged 23% on news that Google (GOOG) might launch its own Internet traffic service. Finerman said this news is awful for comScore. Smurfit-Stone Container (SSCC) fell 11% after Citigroup raised its rating on the stock from high to speculative and lowered its price target. Adami said not so good.
Rich Trade
The trades discussed some stock ideas that play off the rising trend of affluent consumers who are pinching their pennies and shopping for deals. Macke said play Wal-Mart (WMT), Costco (COST) and BJ’s (BJ). He advised investors to buy the pull back in BJ’s which was downgraded on Tuesday.
Trader Radar
Shares of Eastman Kodak (EK) were among the most actively traded stocks on the NYSE Monday.
Fast & Furious
The Fed will announce its FOMC decision on Wednesday. Adami said he has a bad feeling that Ben Bernanke might change his tune tomorrow. He advised investors to watch out for a fall in the dollar. Research In Motion (RIMM) will report its last quarterly report before it sees competition from Apple’s business iPhone. Macke thinks the competition from Apple is wildly overstated. He said RIMM will do just fine. CSX (CSX) will hold its shareholder meeting at noon on Wednesday. Najarian said don’t get nervous about CSX, as long as agriculture and coal keep doing well CSX will be strong. Bed Bath & Beyond (BBBY) will report earnings after the bell on Wednesday. Macke said specialty retail is where love goes to die. Oracle (ORCL) reports earnings on Wednesday. Najarian thinks ORCL will deliver on its earnings.
Final Trade
Adami picked Home Depot (HD). Finerman recommended Pharmaceuticals HOLDRS (PPH). Najarian said buy McDonald’s (MCD). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!