September 12th - CEO step down, GOOG USG

Cramer started out by talking about the firing of the Bristol-Myers Squibb Co. CEO, a call he mentioned yesterday and a few weeks ago as well where the stock has gained 13.2% since that first call on August 17th. Cramer put a price target of $26 on the stock. Cramer then went on to talk about the 4 other stocks he mentioned on August 17th where he said the stocks will go up if the CEOs step down.

The other 4 stocks were:
MMC Marsh & Mclennan Companies Inc.
AVP Avon Products Inc.
BOL Bausch & Lomb Inc.
HD Home Depot Inc.

None of these interest me from a short perspective. On the August 17th show he suggested buying call options on these and the stocks didn't trade much at all after hours.

Next Cramer looked at Google Inc. (GOOG) Its been a long time since Cramer has given the thumbs up for Google and is a stock I watch closely every day. It certainly goes without saying that this is far too expensive and volatile (although the volatility has dropped of late) to even consider shorting off a Cramer recommendation. Speaking of Google though, I was sent an article today about Google wanting to connect to people's microphones on their computers to "listen" to people's TVs and other sounds in an attempt to deliver ads! Apparently this has been news for a while now but this is the first I had heard of it. It seems so ridiculous that I thought it was a joke but there are several sites that make reference to this on the web. This news/rumor doesn't appear to have any effect on the stock, but if they start doing it I could see a lot of people being outraged.

Finally Cramer took a look at what Warren Buffet is buying now. Cramer said he is buying USG Corp. (USG) The company is a housing play stock that creates sheetrock which probably seems counter-intuitive to most market followers. Buffet is apparently buying up the stock hand over fist and even offered to back an offering if not enough people wanted to buy the stock. Cramer said the reason this stock is a good play because it is a commercial building play which isn't the same as residential. He also said the share holders are value investors, who won't sell the shares on a short term run up but continue to add. He also said that the housing slow down probably won't be as bad as people think and that Buffet is probably looking to profit from a big turnaround. Cramer said the stock has the potential to double but closed today at $48.87 which is too rich for a short off the Cramer recommendation in my opinion since stocks this high don't typically get a lot of buyers. In this case though there very well could be buyers, but I don't really like the idea of shorting it since this would be like shorting Buffet's pick....and that doesn't seem like a smart move.