March 27th - NYX JCP FD HRS

Cramer reiterated his buys on his picks of the year for 2007 and specifically looked at NYSE Group, Inc. (NYX)

Closing Price: $93.60
After Hours High: $ 95.61
Percent Increase at High: 2.15%
After Hours Most Recent Price: $ 95.29
Percent Increase at Most Recent Price: 1.81%
Sector: Financial
Days to Cover: 5.4
Short %: 24.29 %
% Held by Insiders: 0.72 %
% Held by Institutions: 57.10 %
50 Day Moving Average: $92.13
200 Day Moving Average: $78.82

Too high a price for me as the stock is only up 1.8%. If you have deep pockets and can control a lot of shares short then maybe it would be something someone might play, but for maybe 1% to the downside its not worth it in my opinion.

Cramer's next "Benefit of the Doubt" pick was J C Penney Corporation, Inc. (JCP)

Closing Price: $81.85
After Hours High: $ 82.82
Percent Increase at High: 1.19%
After Hours Most Recent Price: $ 81.69
Percent Increase at Most Recent Price: -0.20%
Sector: Services
Days to Cover: 3.4
Short %: 3.87 %
% Held by Insiders: 1.02 %
% Held by Institutions: 90.70 %
50 Day Moving Average: $81.75
200 Day Moving Average: $73.59

Apparently people don't like this segment or maybe the stock as the stock is down after hours after a small increase. Obviously no play if there is no spike.

His other "BOD" pick was Federated Department Stores Inc. (FD)

Closing Price: $46.23
After Hours High: $ 46.50
Percent Increase at High: 0.58%
After Hours Most Recent Price: $ 46.48
Percent Increase at Most Recent Price: 0.54%
Sector: Services
Days to Cover: 1.3
Short %: 2.01 %
% Held by Insiders: 0.17 %
% Held by Institutions: 85.20 %
50 Day Moving Average: $42.86
200 Day Moving Average: $40.01

Although not in the red after hours, FD is hardly up. Again, no spike, no short potential.

Finally Cramer recommended Harris Corp. (HRS) after he did his homework on HSTX and said HRS (the parent company) was the better buy.

Closing Price: $50.21
After Hours High: $ 51.18
Percent Increase at High: 1.93%
After Hours Most Recent Price: $ 50.94
Percent Increase at Most Recent Price: 1.45%
Sector: Technology
Days to Cover: 3.1
Short %: 2.02 %
% Held by Insiders: 0.56 %
% Held by Institutions: 83.70 %
50 Day Moving Average: $49.50
200 Day Moving Average: $44.58

Yawn! Another small percentage gain after hours, but in this case the price has gone above the top band of the bollinger band which was $50.81 (I didn't post the chart, but you can see at stockcharts.com if you want to). So this means the downside is hard to tell and there could be support at that top band as some stocks will "walk the band" or in other words, stick close to it. So maybe a small drop at the open, but unlikely for the stock to drop enough to consider here.