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Wednesday, August 02, 2006

Cramer's MAD MONEY Recap (August 2, 2006)

Cramer evaluated ChevronTexaco (CVX) after having the worst oil earnings of all the majors; he said all the bad news was ignored by the street and he called it invulnerable and it is a Buy. CVX closed at $65.97; trading at $66.34 after Cramer.

Cramer said housing is a complete buyers market now and he prefers the two housing refurbishing plays Fortune Brands (FO) and Masco (MAS), although he was more positive on FO. FO closed at $72.89; trading at $73.30 after Cramer. MAS closed at $26.55; trading at $26.70 after Cramer.

He said another solid cyclical he likes is United Technologies (UTX), although he has been positive on that name for some time. UTX closed at $62.29; unchanged after Cramer as we have heard this name a dozen times.

Jon C. Ogg
August 26, 2006
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