July 17th - NBR LOW ABB

Cramer's first segment looked at beaten down stocks and which are buys and which are still sells. NBR Nabors Industries Ltd. was his buy and EBAY eBay Inc. was his sell. NBR, although only a $30 stock, is in a sector that I won't short (oil and gas drilling), and EBAY is a sell pick, and I don't short Cramer's sell picks as I have mentioned in several previous posts. NBR crossed over $31 after hours, while EBAY was taken down about 18-cents.

Cramer's next segment looked at finding how "cheap" a stock actually is. He compared Lowe's and Home Depot. LOW Lowe's Companies Inc. ultimately came out on top as the cheaper, better pick.

Closing Price: $27.94
After Hours High: $28.30
Percent Increase at High: 1.3%
Price Level Off Point: $28.28
Percent Increase at Level Off Point: 1.2%
Trades on NYSE
Sector: Services
Short %: 2.2%
Days to Cover: 3.7

Very small increase after hours on limited trading. Also a big, well known stock that trades over 8 million shares daily. I don't see much Cramer effect here tomorrow.

Finally Cramer looked at pin action off GE General Electric's earnings. He mentioned several stocks that should do well because they did well for GE. The stocks were:

ABB ABB Ltd.
CIT CIT Group Inc.
BA Boeing Co.
WHR Whirlpool Corp.
VAR Varian Medical Systems Inc.

Of these picks, only ABB fits the price range that is best suited for shorting Cramer's picks but it only had one trade after hours, and it was well after Cramer's show for a 1% increase from the closing price of $11.53.

Certainly some safer picks again this evening. Certainly hard to blame Cramer due to the uncertainties with the war in the middle east which could have major impacts on oil which in turn can turn the market either way in a hurry, not to mention the earnings season. No sense pushing for anything that might not be there for shorting.