August 9th - FD WHR PG JNJ

Cramer took a look at companies that have made good acquisitions and made the following 4 picks based on that:

FD Federated Department Stores Inc. WHR Whirlpool Corp.
PG Procter & Gamble Co.
JNJ Johnson & Johnson

The cheapest and only stock under $40 is FD and it had no trades after hours. There was hardly any trades after hours for any of these picks and all trade with pretty big volume that make it hard from Cramer to make much change one way or the other in the stock.

The stocks that Cramer said have made bad acquisitions were:

BRCD Brocade Communications Systems Inc.
S Sprint Nextel Corp.
EBAY eBay Inc.
EMC EMC Corp.
ALA Alcatel and LU Lucent Technologies Inc.
BSX Boston Scientific Corp.

A few of the stocks went down a bit after hours. BRCD was hammered the other day down around 20% already. I'm not one to short these "bad acquisition" stocks here.