Jim Cramer: News Corp., Becton Dickinson, Nighthawk

News Corp. and Becton, Dickinson & Co. were recommended yesterday by CNBC host Jim Cramer on his ``Mad Money'' television show.

News Corp., the media group controlled by Rupert Murdoch, is expanding its holdings to include more online money-making ventures. Murdoch is now ``the master of new media,'' said Cramer, a market commentator and former hedge-fund manager.

``News Corp. is an old media company that may be ready to join Yahoo! and Google at the top of the Internet hierarchy,'' Cramer said on his show. ``I think News Corp. can make you money.''

News Corp., which operates in eight media segments, last year bought Myspace.com, the on-line social networking site that has more than 90 million registered users. The site is set to expand internationally in regions such as France and Germany.

Cramer expects News Corp. to ``grow earnings over 21 percent.''

Shares of News Corp. rose 24 cents, or 1.2 percent, to $20.32 in extended trading on the New York Stock Exchange.

Other stocks recommended by Cramer include Becton Dickinson, the world's largest maker of hypodermic needles, which he described as ``a great medical supply and diagnostic play.''

With a slowing economy, investors ``absolutely want to have more medical exposure,'' Cramer said. The company has developed a test that can detect strains of drug-resistant staphylococcus bacteria, the germ causes skin and bone infections and a lethal type of pneumonia, in just two hours.

Insulin

Becton Dickinson is primarily ``a diabetes play,'' Cramer said, because it sells insulin and other drug delivery devices.

``When the economy gets ugly, you want to buy medicine chest stocks,'' Cramer said. ``Becton Dickinson is making itself the medicine chest of medicine chests.''

Shares of Becton Dickinson rose 19 cents, or 0.3 percent, to $60.05 in extended trading on the New York Stock Exchange.

Other stocks recommended by Cramer include Baxter International Inc. (BAX), which has started human testing of a bird flu vaccine made with a new method intended to speed production in case of a pandemic, C.R. Bard Inc., which makes catheters and other medical devices, and ResMed Inc., the world's second- biggest maker of products to treat sleep disorders.

Nighthawk Radiology

Nighthawk Radiology Holdings Inc., which offers night and weekend radiology services in the U.S., also was recommended by Cramer.

``I think there's a doctor shortage in America, particularly a radiologist shortage, so the idea of shipping the X-rays to Australia is smart,'' he said.

During the ``Lightning Round'' of responding to viewers' questions, Cramer recommended OGE Energy Corp. (OGE), Research In Motion Ltd. (RIM) if the stock pulls back to $60 a share, Coach Inc. (COH), Hexcel Corp. (HXL), JPMorgan Chase & Co. (JPM), Wells Fargo & Co. (WFC), Martek Biosciences Corp., Vertex Pharmaceuticals Inc. (VRTX), Qwest Communications International Inc. and Zoltek Cos.

He told viewers to avoid Goldcorp Inc. (G), JDS Uniphase Corp. (JDSU), Lucent Technologies Inc., Cray Inc. (CRAY) and Anadigics Inc. (ANAD)

To contact the reporter on this story: Samantha Zee in San Francisco at szee@bloomberg.net

To contact the editor responsible for this story: Glenn Holdcraft in New York at gholdcraft@bloomberg.net

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