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Friday, August 11, 2006

Cramer's MAD MONEY Recap (August 10, 2006)

Cramer opened his show discussing the terrorist plot that was disrupted. He said this is good news because the attempt was stopped. Terrorist threats have already been factored into the market, and the market expects another attack inevitability.

Cramer said to look at security stocks: Essex (KEYW), L-3 (LLL), Varian (VAR). He also said to stay in defensive stocks such as Walgreen (WAG), CVS (CVS), Kellogg (K).

Procter & Gamble (PG) and Johnson & Johnson (JNJ) could also profit if they can start selling their products in flight since liquids and gels are now prohibited on flights.

Cramer then discussed casinos' investment opportunities outside of the U.S. He said Las Vegas Sands (LVS) is the best of breed here; also recommended MGM Mirage (MGM), Harrah's Entertainment (HET) and Wynn (WYNN).

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