Wednesday, 01/02/08 Posted 01/02/08,  11:36 pm	(Scroll down to see Jim's comments below)

Today's date:  Wednesday, 01/02/08
	Dow Jones:	13,043		-220
	NASDAQ:		2,609	- 42
	S&P 500:		1,447	- 21

What should you do?...   What should you sell?... What should you hold onto?...  What should you buy?...

.  .  .  .  .

All right, let's start with the value stocks... Goldman Sachs (GS*), Altria (MO*), and Halliburton (HAL)...

Goldman Sachs (GS*) is still the best stock, but it's a crummy neighborhood.  It's not going to get better.  Although I will tell you that the Federal Reserve will cut over time.  So, by the end of the year, the environment for financials will probably look better...   But, I've got to tell you... 2008 is the year that even our clueless Fed will bail us out...  But, not quick enough for most. 

Stick with GS*... Don't expect a lot of appreciation... I do believe it deserves to trade at $300 but, as we know from the movie Unforgiven, deserves has nothing to do with it...

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Now, Altria (MO*) is probably my absolute favorite of all these stocks for 2008...  I expect it to go much higher.  It's going to split up into international, domestic, and then start the mother of all buybacks... after being pent up for multiple years...  It wasn't allowed to buy.  They had a lot of cash... it was in reserve, waiting for the buyback.  The buyback's going to kick in next year.  You've got to be there...  

.  .  .  .  .

Halliburton (HAL) should work again... but it's more of a natural gas play, and I'd rather play the theme of natural gas with a stock that I'm going to be naming tomorrow... on tomorrow's show...

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Then we've got the three growth names... Cisco (CSCO), Apple Inc. (AAPL) and the NYSE (NYX*)...

CSCO?... I'm worn out by it.  You can only fight the tape for so long.

I think CSCO is just going to be a marginal performer.  I like John Chambers but, look, what's the point, okay?...

I prefer The Four Horsemen of Tech, Apple Inc. (AAPL), Research In Motion (RIMM),   Google Inc. (GOOG), and Amazon.com (AMZN)...

Although, at this price, AMZN is a sell... It got recommended today... We've been on it for so long...

Beyond The Four Horsemen - and I've got to tell you, as long as they grow 30%, I'm going to be with them - I like Hewlett-Packard (HPQ*)...  It's not near growing as fast as the others, but it's inexpensive.  I own it for my trust...

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Now Apple Inc. (AAPL) just happens to be the one of those four horsemen that I want you to think of as the New England Patriots...  Now, would you want to own them next year?... It's going to be very difficult to top a 16-0 season...  That's what AAPL had... But I still don't think you would bet against the Pats, and I wouldn't bet against AAPL either...

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As for the NYSE (NYX*)... the bane of Cramer in 2007... I think it's having a great quarter... I think it's going to have a great year... but maybe... maybe people will recognize that it's more of a play on Europe this year...

This stock did everything right, and it still didn't do well but, if you look at from the point of view from someone who saw it in the $60s go into the $80s, it no longer seems stuck in the mud...

And when a stock is suddenly sprung from the mud like the NYX*, you hang on for the ride up...  I would buy this stock and I believe that Duncan Niedermeyer, the new CEO, will cut overhead much more aggressively than [John] Thane (the previous CEO) could, in part, because of French laws are now kind of saying it's all right... but also because Duncan Niedermeyer is a tech guy... and he understands... I don't think he's heartless, but he understands what needs to be done for the shareholders, in terms of cutting costs there...

I think the estimates are way too low for NYX*...

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As for the speculative names, BioMarin (BMRN) should still work, thanks to the strength of Kuvan, which is the first and only FDA-approved drug for PKU.  By the way, I think there's going to be far more use than any of the numbers indicate. 

I like the pipeline too for BMRN...  It has a drug in Phase II tests for peripheral arterial diseases and sickle cell diseases...   Remember, BMRN is the stock that dreams are made of... 

.  .  .  .  .

As for the two big losers, let's own them again... Rite Aid (RAD) and Level 3 Communications (LVLT)...

I need to see a good quarter from RAD, as much as I think that Mary Sammons had the guts to come on this show.  It took real guts for her to come on the show after the beating that everybody who listened to me, and her, have taken...

But you know what?... Even after that, I cannot bless the stock until I see a couple of good quarters...

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LVLT... I like it here.  Call me a glutton for punishment...

But video on the web, which is what it's levered to - and it had execution problems - and Jim Crow... the terrific CEO... is back to work after a life-threatening illness.  I'm sticking with Crow and I'm sticking with LVLT.

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The Bottom Line!:    Cramer says Goldman Sachs (GS*), Altria Group Inc. (MO*), Apple Inc. (AAPL), NYSE Euronext, Inc. (NYX*) and Level 3 Communications Inc. (LVLT) are my 2007 plays that should do well in 2008... and are still worth owning.

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Stock Snapshots - Includes all stocks mentioned above

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Jim Cramer's rating on this stock	STOCK SYMBOL	Closing price that day	Opening price next day	Full Company Name/Comments (see comments above for each)
	GS*	207.60	208.92	Goldman Sachs (GS*)
	MO*	74.93	75.08	Altria Group Inc. (MO*)
	AAPL	194.84	195.49	Apple Inc. (AAPL)
	NYX*	84.65	85.10	NYSE Euronext, Inc. (NYX*)
	BMRN	36.64	36.79	BioMarin Pharmaceutical Inc. (BMRN)
	LVLT	3.07	3.08	Level 3 Communications Inc. (LVLT)

[ end of final segment ]

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