Jim Cramer: AT&T, Time Warner, Halliburton, Coldwater Creak

Investors looking for a value stock should consider AT&T Inc. (T), and Time Warner Inc. (TWX) as a growth stock, Jim Cramer said on his ``Mad Money'' television program on CNBC.

AT&T's soon-to-be complete deal with SBC Communications will decrease competition and give the company room to raise its dividend, said Cramer, a market commentator and former hedge-fund manager.

As for growth stocks in the cable TV industry, Cramer said Comcast Corp. (CMCSA) is a better company than Time Warner, though that reason makes the later a better stock pick. Analysts and investors look at how much a company can improve in a year, and since Comcast did so well in 2006, it will be harder for it to improve as much as Time Warner is expected to.

Time Warner is likely to have better accelerated revenue growth, or ARG, than Comcast, he said.

``Despite everything I like about Comcast, when it comes to profits and profit growth amazingly I still have to go with Time Warner,'' Cramer said. ``If you want capital appreciation, if you want growth and can tolerate risk associated with chasing it, then the stock you want to own, the pragmatic growth stock for 2007, will be Time Warner.''

Cramer recommended Bank of America Corp. (BAC), CBOT Holdings Inc., Coldwater Creek Inc. (CWTR), Crown Holdings Inc. (CCK), Genentech, Inc., Halliburton Co. (HAL), Jarden Corp. (JAH), Knot Inc., McGraw-Hill Companies Inc., Openwave Systems Inc. and TEPPCO Partners, L.P. in response to questions during the show's ``Lightning Round'' segment.

He also told viewers to avoid Cheesecake Factory Inc., Halozyme Therapeutics Inc. (HALO), Home Solutions of America, Inc., Nokia Oyj (NOK1V), Playboy Enterprises Inc., Sealed Air Corp. (SEE) and Smith & Wesson Holding Corp. (SWHC)

Cramer said he owns Halliburton for his charitable trust.

To contact the reporter on this story: Ryan Flinn in San Francisco at rflinn@bloomberg.net

To contact the editor responsible for this story: Aimee Sullivan at asullivan@bloomberg.net

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