Jim Cramer: Gol Linhas, Polo Ralph Lauren, Saks, Devonshire

Gol Linhas Aereas Inteligentes SA (GOLL4) was recommended today by Jim Cramer on his ``Mad Money'' television program on CNBC because he said it will benefit from an acquisition announced yesterday.

The market commentator and former hedge-fund manager said the Sao Paulo-based company's acquisition of competitor VRG Linhas Aereas SA, or Varig, would send shares to $40. American depositary receipts of Gol rose $3.37 to $29.88 in trading today.

``Those nasty price wars from Rio and Sao Paulo are a thing of the past,'' Cramer said. ``I see a 30 percent move ahead'' for Latin America's biggest airline carrier.

He placed Polo Ralph Lauren Corp. (RL) on his ``benefit of the doubt list,'' because the company is expanding internationally, online and in department stores. He also added Saks Inc. (SKS), calling President Ronald Frasch a ``merchandizing genius'' while saying Chief Executive Officer Stephen Sadove ``returns money to shareholders,'' pointing to $8 in special dividends and a rising stock price.

Volcano Corp. Chief Executive Officer Scott Huennekens was a guest on the show today. Cramer recommended the company, saying it had the potential to grow by 25 percent, without giving a time frame.

``Volcano is a buy, buy, buy,'' he said. Volcano makes medical equipment that provides images of arteries.

Syntax-Brillian, BP

During the ``Lightning Round'' and ``Sudden Death'' segments, Cramer recommended buying or holding Crocs Inc. (CROX), Genentech Inc., Sears Holdings Corp. (SHLD), Devonshire Industries Ltd., Onyx Pharmaceuticals Inc. (ONXX), TD Ameritrade Holding Corp. (AMTD), Qwest Communications International Inc., Kinder Morgan Energy Partners LP (KMP), Brush Engineered Materials Inc. and FactSet Research Systems Inc. (FDS)

He suggested selling or not buying Time Warner Inc. (TWX), LHC Group Inc. (LHCG), Frontline Ltd. and Nvidia Corp. (NVDA)

Cramer began his ``Sell Block Segment,'' by recommending divesting holdings in Syntax-Brillian Corp. He criticized company CEO Vincent Sollitto, who appeared on the show Tuesday, for not disclosing that the company was announcing that day it had raised $15.5 million by selling more than 2.1 million shares.

During the segment, he also suggested selling holdings in or staying out of BP Plc (BP/), Movado Group Inc. (MOV), Glu Mobile Inc. (GLUU) and Aruba Networks Inc. (ARUN) He suggested buying Verizon Communications Inc. (VZ), Vonage Holdings Corp. (VG), Clearwire Corp. (CLWR) and BigBand Networks.

Cramer said he owns Sears and Marvell Technology Group Ltd. for his charitable trust.

To contact the reporter on this story: James Temple in San Francisco at jtemple@bloomberg.net.

To contact the editor responsible for this story: Jeff Ward at jward@bloomberg.net.

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