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Tuesday, July 25, 2006

MAD MONEY Recap (July 24, 2006)

Stock Tickers: SGP, MRK, AVP, DPZ

Jim Cramer's MAD MONEY Recap: Cramer opened saying Avon Products (AVP) is an interesting turnaround play as over half of Avon's revenue comes from emerging markets.

Cramer then evaluated a mistake he made by recommending Domino's Pizza (DPZ) as a Buy; he noted that while he was wrong on timing now is the time to Buy more.

Cramer then recommended pharmaceutical stocks, including his favorite, Schering-Plough (SGP) as a beneficiary of the misunderstood Medicare Part D. Note, he was positive on Merck (MRK) yesterday at 3:30 PM EST on CNBC as well over the same issues, saying he thinks multi-quarter outperformances are likely.
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