Jim Cramer told fans of his “Mad Money” TV show Wednesday to buy J. Crew (JCG). He slapped a $35 price target on the stock despite the shares weak performance this year – JCG is down 46% since December. Cramer thinks the stock can reach $35 in 12 months. He explained that J. Crew recently missed earnings due to a problem with the company’s Website. The site went down on June 28, an important weekend day that put a dent in the company’s sales figures. Cramer explained that upgrades to web company’s sites are very troublesome – he has suffered the same problems at Thestreet.com. Despite the setback at JCG, he believes the company is getting back on track and the overhaul of the Website will soon be complete. Cramer also mentioned he likes the CEO Mickey Drexler. Drexler turned around Gap Stores (GPS) and started Old Navy. Finally, he said that J. Crew will probably trade lower until the 12 analysts that follow the company start upgrading the stock. 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!

Cramer compared CVS Caremark (CVS) to Walgreen’s (WAG) for his “In The Ring” segment on Wednesday’s “Mad Money” TV show. Cramer started out by giving the entire drugstore sector an overall rating of 4 out of 5. He said drugstores are great plays for economic slowdowns like we are in right now. Next, Cramer looked at the growth. He explained that same-store sales are the key thing to look at with drugstores. Recently, CVS reported same-store sales that were up 3.1%, vs. Walgreen’s which came in at 4.1%. Next, he looked at both company’s growth strategies. He pointed out that last year CVS acquired Caremark and that move hasn’t helped the company. By contrast, Walgreen’s has been improving existing stores and not opening up new ones. Cramer awarded Walgreen’s three points for both categories – final score 7-5 WAG. Cramer advised viewers to buy WAG once the stock pulls back to $34. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com

The first caller had the following stocks: Altria (MO), Bristol-Myers Squibb (BMY), Nike (NKE), General Electric (GE) and Cisco (CSCO). Cramer said he loved this portfolio. The second caller is long the following names: Great Lakes Dredge (GLDD), Darling International (DAR), Frontline (FRO), Tupperware (TUP) and Temple Inland (TIN). Cramer said this portflio is good for this environment. The third caller held these stocks: Coca-Cola (KO), Terra International (TRA), Hewlett-Packard (HPQ), John Deere (DE) and Amgen (AMGN). Cramer said Terra and Deere are in the same sector. He recommended selling Terra for a defense stock or an idustrial stock. 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!

Lightning Round
Bullish
Emerson Electric (EMR), Cisco Systems (CSCO), GrafTech International (GTI), Verizon (VZ), Google (GOOG) and Cummins (CMI).
Bearish
Terra Nitrogen (TNH), Ambac Financial Group (ABK) and ACCO Brands (ABD).
Sudden Death
Cramer was bullish on Dawson Geophysica (DWSN), Bristol-Myers Squibb (BMY) and Energen (EGN). Join the fastest growing community of small cap investors at Stockhideout.com

Word On The Street
WORD VIDEO HERE
Options Action
Jon Najarian noticed unusual options action in AFLAC (AFL). He said options traders are buying $65 out of the money calls on the stock.
Tech Trade
The traders talked about the strength in Apple Computer (APPL) Wednesday off the rumors that the new Mac products could be released soon. Najarian said new products could be coming and it makes sense. Terranova said Apple and Research In Motion (RIMM) are his favorite tech stocks right now. Tatro said Apple could blow numbers away.
Fertilizer Trade
The traders mentioned that fertilizer stocks like Potash (POT), Agrium (AGU) and Mosaic (MOS) all traded up on Wednesday. Tatro said he’s short Monsanto (MON), MOS and POT. He thinks the trend is over. Terranova said he would sell the ag stocks as well.
Dell Take
Clay Sumner, senior analyst of FBR Capital Markets joined the traders to talk about Dell Computer (DELL). Sumner thinks Dell will report a strong earnings report. “We’re looking for Dell to outperform. I think margins could surprise to the upside,” he said. Sumner said margins should improve into the second half of the year and Wall Street isn’t giving the company enough credit. He explained that Dell will benefit from emerging markets like India and China. He thinks the stock is heading to $30. Lastly, he reminded viewers that Michale Dell just bought $100 million worth of stock. Najarian disagreed, he said Lenovo is much better and the stock is heading back to $22.
Housing Trade
The traders discussed playing the housing market. Tatro said the housing stocks look like they’re bottoming from a technical perspective. He recomended the Homebuilders ETF (XHB) with a stop below $17. Adami said play the sector with Home Depot (HD).
Obama Trade
The crew discussed a report from Goldman Sachs Group that said if Obama looks like he is going to win the White House the hospital stocks could rally. Terranova said Community Health (CYH) and Well Point (WLP) are already trading like Obama is going to win. Tatro said buy Tenet Healthcare (THC) with a stop at $5.25.
Fannie & Freddie Take
The traders discussed the news that Fannie Mae (FNM) is replacing their chief financial officer and appointing a new chief risk officer. Jon Najarian said don’t touch either FNM or Freddie Mac (FRE). He thinks both stocks have death written all over them.
POPS&DROPS
POPS- Ikon Office Solutions (IKN) rose 9% after Ricoh agreed to buy the company for an 11% premium. Jon Najarian likes the deal. China ETF (FXI) rose 3%. Tatro told investors to sell half of their positions since he recommended the stock a few days ago. Nucor (NUE) popped 3% off of positive comments from UBS. Adami likes the stock at current levels. Valero (VLO) jumped 4% off news that Tropical Storm Gustav could become a hurricane. Terranova advised viewers to look at the stock. Talbots (TLB) soared 28% after the clothing maker reaffirmed its full-year profit estimates. Jon Najarian said sell the rips despite the fact the stock is cheap. Border’s (BGP) surged 20% after reported a smaller-than-expected loss. Terranova thinks the stock is heading to double digits.
DROPS- Mattel (MAT) fell 3%. Adami likes the stock here. Amylin (AMLN) plunged 23% after the company’s diabetes drug was linked to two more deaths. Terranova mentioned that Goldman Sachs has a $46 price target on the stock. Solarfun Power Holdings (SOLF) dropped 14% after traders locked in profits following their earnings beat. Tatro said he’s done with solar stocks for a while. American Axle (AXL) fell 2% after the stock was downgraded to neutral from outperform. Adami likes Borg Warner better. Dollar Tree (DLTR) lost 4% after the company’s outlook was below Wall Street estimates. Jon Najarian said buy the dips. Brown Shoe (BWS) dipped 3% after the company reported profits were down 80% this quarter and they reduced their full-year outlook. Tatro said this stock isn’t for him.
Final Trade
Terranova said buy Excel Maritime (EXM). Adami likes EMC Corp. (EMC). Tatro picked UltraShort Basic Materials ProShares (SMN). Najarian said buy NetApp (NTAP) off the options activity. The “Clean Tech” sector is poised to be the biggest gainer in 2008. See what our analysts rank as the #1 opportunity today

Jim Cramer told fans of CNBC’s “Stop Trading!” show to avoid trading the potential Tropical Storm Gustav. Cramer doesn’t think it’s smart to play natural gas and oil companies off the storm, because if it doesn’t hit oil could fall $8 to $9 by Tuesday. Next, Cramer brought up a recent story from The Wall Street Journal that said the infrastructure trade is dead. Cramer took issue with the call and said if the trade is dead why is Fluor (FLR) up so big and why is Shaw Group (SGR) and Foster Wheeler (FWLT) moving higher. Moving on, Cramer said he wants to know who the source was for the Barron’s article that caused Freddie Mac (FRE) and Fannie Mae (FNM) to fall 50%. “All that’s happened is that it’s gotten worse for Fannie and Freddie, but the stocks go up every day. Where is that Barron’s source,” Cramer asked. Finally, Cramer told viewers he is buying Quanta Services (PWR) for his charitable trust. He said PWR is solving the problem of connecting alternative energy sources to the energy grid. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com

Jim Cramer told fans of his “Mad Money” TV show Tuesday that he thinks the housing market will bottom in the third quarter of 2009. Cramer said he thinks the rebound is coming after he looked at the charts of the seven largest home builders, Toll Brothers (TOL), Centex (CTX), D.R. Horton (DHI), Pulte Homes (PHM), Lennar (LEN), MDC Holdings (MDC) and KB Homes (KBH). He said all the stock charts peaked one year before the housing market topped. Now he says the charts for the housing stocks have bottomed last month. Cramer listed 10 reasons for why the housing market will rebound in the third-quarter of 2009:

1. There are far fewer homes being built now than in 2005.
2. The $300 billion Federal Housing Bill is helping homeowners avoid foreclosure.
3. Home prices have come down to bargain levels (as much as 30-40% in some areas).
4. The hottest housing markets are starting to cool off.
5. Mortgage rates should decline once Freddie Mac (FRE) and Fannie Mae (FNM) are nationalized.
6. The bulk of “teaser rate” home loans have reset and foreclosures will now decline.
7. The rate of household formation will increase as thousands camped out in apartments can now afford homes.
8. Immigration levels should rebound after the November election.
9. The biggest problem areas are now contained in such problem states as California, Florida and Arizona.
10. The areas with the highest foreclosure rates are starting to stabilize. 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!

For the second series of “In The Ring,” Cramer compared Pfizer (PFE) to Johnson & Johnson (JNJ). Cramer gave the drug sector a 3 out of 5 due election risk. He explained that Big Pharma is usually the sector to be in during a slowing economy. However, the sector now has a lack of new drugs and it’s losing patent protection on old drugs as generics eat away at their growth. Also, the Democrats are Big Pharma’s enemy. There’s a good chance they’ll win in November and that posses a great risk to the sector. Cramer compared the growth prospects of both companies. He gave JNJ 2 points for having a more diversified product line and strong growth from its consumer products segment. Pfizer, sold its consumer products division to JNJ. Moving on, Cramer analyzed patent expirations. Johnson is expected to lose $3.8 billion in sales from patent expirations, while Pfizer expects to lose $6.6 billion. Cramer said JNJ wins again here. Finally, Cramer looked at each company’s product pipeline. Johnson has 7 to 10 new products that are expected to hit the market in 2008 or 2010, while Pfizer expects 15 to 20 new drugs. He gave one point to Pfizer in this segment. Finally, Cramer said he likes JNJ’s culture and dislikes Pfizer’s lawyer CEO. He also likes that Warren Buffett owns JNJ. The final score was 6-4, JNJ wins. Cramer explained that Pfizer might look cheap at 7.7 times next year’s estimates, but it isn’t. He said wait for JNJ to drop to $68 if you want in. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com

Cramer welcomed Robert Gross, Chairman and CEO of Monro Muffler (MNRO) to the show to talk about how consumer spending trends are changing due to the tight credit markets. Gross said the company is seeing an increase in business as people keep their cars longer and spend more on maintenance and repairs. He mentioned that customers are looking for more ways to increase fuel efficiency. Plus, people are visiting his mechanic shops more often for check ups on tire inflation and air fuel filters. Gross pointed out the company is acquiring competitors and looking for more takeovers in the coming months. Cramer told market players to buy the stock which is down $5 from its high. Join the fastest growing community of small cap investors at Stockhideout.com