RTX Corporation (RTX)

[dr_praeses]

8/1/07 Jim Cramer's "Mad Money"

During Tuesday's "Mad Money" show, Cramer said he hoped traders took the time to unload stocks in Cramer's outlined bearish sectors when the market rallied Tuesday morning [ July 31, 2007 ] - before it reversed course and finished 150 points lower on lingering subprime mortgage concerns - and then bought Cramer's recommendations. Next, Cramer said he now believes defense, after this quarter, is the seventh "wild bull market." As evidence, Cramer cited news stories indicating upcoming arm sales to the Middle East [ Saudi Arabia , Israel ]. Cramer: It's the U.S. Government's way of propping up defense contractors, and it looks like recently-elected Congressional Democrats will join Republicans to move the bills forward. Cramer: And you can profit from this policy. Cramer likes: Lockheed Martin (LMT), Alliant Tech (ATK), and his No 1. play: Raytheon (RTN). In the Lightning Round, Cramer was bullish on: Factset Research (FDS), Dynegy (DYN), Cisco (CSCO), EMC Corp (EMC), Indevus (IDEV), Costco (COST), and Acergy (ACGY). Cramer also recommended Buying B & G Foods (BGS). Cramer also said to stick with his agriculture plays, but feel free to take some profits if you're up substantially. In the Lightning Round, Cramer was bearish on: First Solar (FSLR) [Take profits with FSLR], and Alcatel Lucent (ALU). In the Sudden Death Round, Cramer had the following recommendations - Buy: Wal-Mart (WMT). Sell: No stocks mentioned.