Cramer's Stock Plays Off The Magellan Fund Portfolio - Stockpickr! Your Source for Stock Ideas

Cramer's Stock Plays Off The Magellan Fund

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Date updated:01-17-2008

Jim Cramer looked at some of the names in Fidelity's newly reopened Magellan fund on CNBC's "Stop Trading!" segment Monday. "I've known Harry Lange for close to 20 years. ... He's a fabulous manager," Cramer said. What's more, "Harry's names are so right given the selloffs that we've had."

NOK
Nokia Cp Ads
$13.71
+1.93%
$13.81

Cramer believes one of the fund's names, Nokia (NOK), is underrated. "Nokia just went down ... under a misperception that it was getting killed. Nokia is the winner."

People owning NOK also tend to own: ABT DGX EPD FMD GSK JNJ JOSB

TheStreet.com Rating: C What is this?

GOOG
Google Inc.
$570.56
+0.67%
$570.50

Cramer added that search behemoth Google (GOOG) is "just resting" ahead of its earnings report.

People owning GOOG also tend to own: AAPL AMD CSCO DELL IBM INTC MSFT

TheStreet.com Rating: B What is this?

GOOG
Google Inc.
$570.56
+0.67%
$570.50

Cramer added that search behemoth Google (GOOG) is "just resting" ahead of its earnings report.

People owning GOOG also tend to own: AAPL AMD CSCO DELL IBM INTC MSFT

TheStreet.com Rating: B What is this?

GLW
Corning Inc
$16.29
+3.10%
$15.87

Of Corning (GLW), Cramer said "Everyone is panicking." Cramer owns Corning for his charitable trust, Action Alerts PLUS.

People owning GLW also tend to own: ADTN ALGN AMLN BEAS CCMP CKFR CRL

TheStreet.com Rating: C+ What is this?

SPLS
Staples
$22.26
-0.22%
$22.47

Cramer couldn't get behind all of Magellan's names, however. "The one that is the true glass-half-full for him and half-empty for me is Staples (SPLS). I just don't like retail at all."

People owning SPLS also tend to own: AUY BP CSE KEY LMT LUNA PEG

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