Watch Live


Jim Cramer: Mattel, AMN Healthcare, Plantronics, L-1 Identity

Mattel Inc. (MAT) and AMN Healthcare Services Inc. (AHS) are worth buying because California passed 12 bills that may be adopted nationwide should Democrats get control of the House of Representatives, Jim Cramer said on his ``Mad Money'' television program on CNBC.

Mattel Inc., the world's largest toymaker, is worth buying because the state may pass a law requiring booster seats in cars for children age 8 and younger, increasing sales for Mattel's Fisher-Price unit, said Cramer, a market commentator and former hedge-fund manager.

AMN Healthcare, a provider of temporary nurses to hospitals, will benefit from a California bill that prevents illegal immigrants from being nurses, while Sunrise Senior Living Inc. and Brookdale Senior Living Inc. (BKD) will suffer from higher costs, Cramer said.

Investors should buy Plantronics Inc. (PLT), a maker of telephone headsets, because of a bill requiring California drivers to use headsets while using mobile phones, Cramer said.

L-1 Identity Solutions Inc., a maker of software to verify documents such as passports, is worth buying because of a bill requiring state-issued identification cards to be tamper-proof, Cramer said.

Lamson & Sessions Co., a maker of outlet boxes and electrical fittings, and PW Eagle Inc., a maker of tubing products, are worth buying because of a California bill banning lead piping.

Investors should buy Palomar Medical Technologies Inc., Cutera Inc. (CUTR), BioLase Technology, Inc. and Mentor Corp. because of a bill that would permit dentists to perform facelifts and lip augmentations, Cramer said.

Toilets, Levees

American Standard Cos., the maker of Champion toilets and Trane air conditioners, is worth buying because of a bill requiring California's use of toilets using 1.6 gallons of water or less per flush, said Cramer.

URS Corp. (URS), a San Francisco-based design and engineering company, will benefit from a bill requiring improvements to California levees, Cramer said.

Wal-Mart Stores Inc. (WMT), the world's largest retailer, should be sold because California passed a bill that would allow cities to be reimbursed for legal fees involved in fighting so-called big-box retailers, Cramer said.

Charter Communications Inc. (CHTR), the No. 4 U.S. cable-television provider, should be avoided because a California bill would allow telephone companies to save money by having one statewide permit, allowing them to introduce video services, said Cramer, who added that he would neither buy or nor sell AT&T Inc. (T)

Drug Prices

A California bill allowing the state to use buying power to lower prescription drugs prices may hurt Pfizer Inc. (PFE) and Merck & Co., Cramer said.

California-based real estate investment trusts Maguire Properties Inc. and Macerich Co. are worth buying because the value of commercial property in the state is rising, Cramer said.

Vulcan Materials Co. (VMC), a maker of crushed stone and construction materials, and Terex Corp. (TEX), the maker of heavy-duty trucks, will benefit from repairs likely to take place on California roads, Cramer said.

Archer Daniels Midland Co., the world's largest ethanol producer, is worth buying because of California Governor Arnold Schwarzenegger's mandate to increase use of alternative fuels, Cramer said.

Investors should sell United Parcel Service Inc. and buy FedEx Corp., and should acquire Schering-Plough Corp. because of changes Chief Executive Officer Fred Hassan is making at the drugmaker.

`Lightning Round'

Cramer recommended Yum! Brands Inc. (YUM), Intel Corp. (INTC), Freeport-McMoRan Copper & Gold Inc. (FCX) and Nucor Corp. (NUE) in response to questions during the show's regular ``Lightning Round'' segment and Hain Celestial Group Inc. in the ``Sudden Death'' version.

He also told viewers to avoid P.F. Chang's China Bistro Inc., Nike Inc. (NKE), Under Armour Inc. (UA), Norfolk Southern Corp. (NSC), Color Kinetics Inc., Redback Networks Inc., BioCryst Pharmaceuticals Inc. (BCRX) and Michaels Stores Inc. (MIK)

Investors should buy CSX Corp. (CSX) when the Federal Reserve cuts interest rates, buy Corning Inc. (GLW) when it falls to $20 and sell 3M Co. (MMM) until Chief Executive George Buckley is replaced, then buy, Cramer said.

Cramer said he owned Schering-Plough, Ingersoll-Rand and URS for his charitable trust.

To contact the reporter on this story: Danny King in Los Angeles at

To contact the editor responsible for this story: Aimee Sullivan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.