Qualcomm
Qualcomm (QCOM: 61.47 0.00%) fell 3.2% after Mr. Cramer called their latest earnings report “an abomination”. Cramer was clearly upset at QCOM’s management for delivering such embarrassing results. The poor guidance was particularly frustrating given the company’s bullish posture 2 weeks ago at the Consumer Electronics show.

Joy Global
Shares of Joy Global (JOYG: 0.00 N/A) and Bucyrus International (BUCY: 0.00 N/A) plunged 2.9% and 5.0% respectively following bearish comments by Jim Cramer. He views the slowdown in China having a negative impact on both stocks. Cramer doesn’t believe the stock has hit bottom yet and cautioned investors to wait to buy this stock.

Deere & Co.
Deere (DE: 88.50 0.00%) stock slid 2.3% after Cramer warned that the stock was headed down in the short term. While Cramer still believes that Deere is a good company, the stock is feeling the negative impact of the slowdown in China. For investors with a 6-9 month outlook the stock will still likely make them money, but in the short-term look for more selling.

Mad Money host Jim Cramer continued his week-long special on the top investing themes of 2010. Cramer discussed his top stock picks in the international and emerging markets. He recommended that investors hold 20% of their portfolio in international stocks. However, Cramer’s global stock picks seemed immune to the “Cramer effect” and finished down today despite the positive exposure.

Vale (VALE: 26.42 0.00%)
Shares of Vale did post a modest gain of 0.3% after Cramer recommended the iron ore producer as his top stock pick for Brazil. Cramer likes the fact that Brazil’s economy is projected to grow by 5% in 2010. If commodity prices continue to rise, Cramer believes that Vale (the world’s 2nd largest mining company) could grow revenues by 40% in 2010.

He also recommended Banco Santader (STD: 8.75 0.00%) as the best way to play the Brazilian financial sector.

China Unicom Hong Kong (CHU: 18.78 0.00%)
China Unicom’s shares dropped 0.6% despite a bullish recommendation from Jim Cramer. Cramer continues to be a big proponent of the mobile internet revolution and a big fan of Apple (AAPL: 476.68 0.00%). CHU happens to be not only one of the largest telecommunication companies in China, but is also the exclusive carrier of the iphone in China.

Southern Copper (PCU: 0.00 N/A)
With the recent rise in copper prices, Cramer also recommended Southern Copper. The world’s 5th largest mining company operates several mines in Peru and Mexico. However, PCU’s stock declined 1.0% despite the bullish recommendation.

Infosys Technologies (INFY: 55.73 0.00%)
Infosys dropped 3.1% today, despite Cramer telling a caller that it was his top stock pick in India.

Statoil (STO: 26.68 0.00%)
Statoil fell 0.6% despite Cramer’s bullish recommendation of the Norwegian oil company. STO is currently the 6th largest oil company in Europe. The firm has been cutting costs and building up its reserves and is in great position to capitalize on rising oil prices. Cramer observed that for every $1 increase in the price of oil, Statoil earnings will rise by 3.6%.

BHP Billiton (BHP: 80.73 0.00%)
BHP, the world’s largest miner, saw its stock fall 0.9% today despite a positive recommendation on last night’s Mad Money show. Australian-based miner already receives 20% of its revenues from China and is poised to capitalize on their reviving economy. Cramer also noted that BHP has plenty of cash on its balance sheet for future acquisitions.

Bank of Nova Scotia (BNS: 52.39 0.00%)
While Canada’s economy is just now starting to recover from recession, Cramer believes that Bank of Nova Scotia is in better position than most American banks. Nearly 40% of their lending is in international markets and they have a large Latin America exposure. While Cramer likes the bank’s 4.1% dividend yield and believes that Wall Street is overly pessimistic on the stock, investors shrugged off the recommendation and the stock fell 1.5%.

JC Penny’s (JCP: 42.35 0.00%) jumped 9.7% after Cramer said he thinks the retailer will have a great back-to-school season. He also recommended Urban Outfitters (URBN: 27.14 0.00%) which gained 6.8%. 

One financial stock that Cramer continues to recommend is Huntingdon Bancshares (HBAN: 6.05 0.00%). The stock jumped 6.6% on Friday after Cramer said the stock is “dynamite” and he prefers it over KeyCorp (KEY: 8.17 0.00%). Cramer recommends investors continue buying Huntingdon. 

Cramer all tried to reassure the market in the wake of the accounting scandal at Huron Consulting (HURN: 38.33 0.00%). While Huron has seen its stock price fall nearly 70% in the last few days and probably has completely destroyed its reputation, Cramer sees opportunity in some of the other accounting firms that have fallen along with Huron. Cramer recommended Duff & Phelps (DUF: 14.87 0.00%), but also likes FTI Consulting (FCN: 43.14 0.00%). The stocks reacted positively to Cramer’s bullish recommendation gaining 2.7% and 2.9% respectively. 

Citigroup managed only a 1.3% gain on Friday despite Cramer spending a great deal of time on his show outlining the merits of investing in Citigroup. While Cramer believes that investing in Citigroup is like investing in America, he also laid out five reasons for investors to be buying Citi’s shares: 

1. It is very cheap. Cramer believes the book value is about $4 per share and thinks the stock should sell at 1.5x book value for a $6 price target.

2. The governments 34% stake. The government can sell its 34% stake in Citigroup on September 10. The government has already made $5 billion on its position, and could have a $20 billion windfall from the sale.

3. Geographic positioning. Citigroup is the dominant bank in 108 countries. In spite of its domestic woes, Citigroup is still the leader in emerging markets.

4. Good bank vs. bad bank. Citigroup is spinning off its toxic loans by dividing itself into two companies. This will leave the main bank with three profitable businesses; retail banking, global services and investment banking.

5. Solid management. Cramer likes the current management team at Citi and believes the government would be crazy to replace CEOs Vikram Pandit and Ned Kelly.

Shares of Citigroup gained 6.2% after Cramer said the stock the stock was a buy. Cramer sees no reason why Citi’s stock can’t reach $4 per share. Cramer has been bearish on Citigroup in the past and even now seems to struggle with his newfound bullish stance. 

Cramer again recommended Smith Micro Software (SMSI: 2.58 0.00%) sending the stock up 2.8% on Thursday. Cramer really like the mobile internet sector and likes SMSI even though its trading nears its 52-week high. “I am a buyer on any weakness”, said Cramer. 

Other Cramer stock picks: 

First Energy (FE: 42.94 0.00%) gained 1.4% – “First Energy is a well-run company with a good yield.”

Tellabs (TLAB: 3.81 0.00%) jumped 1.6% – Cramer says to buy, buy, buy TLAB under $6 a share.

Shares of Bank of America finished up 6.5% after Cramer said the stock “could rally another 50% and maybe even double”. Cramer believes that Bank of America is undergoing a “volatility expansion” and is heading towards $25 per share. Cramer believes that BAC is a cyclical play that will recover along with the economy. He recommends Bank of America as the best way to play an economic recovery. 

Research in Motion (RIMM: 16.49 0.00%) also benefited from the “Cramer effect” gaining 1.6% on Wednesday. As recently as last month, Cramer was bearish on RIMM due to increasing competitive pressures. However, Cramer now acknowledges that “RIMM is going up without me”. 

Other Cramer stock picks: 

NCR Corp (NCR: 21.44 0.00%) fell 1.1% – After Cramer said he was not a fan of the stock.

Elan (ELN: 13.44 0.00%) dropped 1.5% – “One of my least favorite drug companies.”

PPG Industries (PPG: 91.61 0.00%) jumped 3.7% – Cramer reiterated his bullish position on the stock and their 4% dividend yield.

While not all of Jim Cramer’s stock picks always perform as you would expect, we at CramerEffect.com have singled out ten of Cramer’s best bullish stock picks from the last month. 

10. Caterpillar (CAT: 114.04 0.00%) – The industrial stock gained 23% after Cramer recommended the stock on his show on July 20. Cramer stressed that even beaten down stocks, like Caterpillar, become attractive buys when you consider their long-term stories. “Nobody really cares right now whether business is strong or not,” Cramer said. “They just feel these stocks got too hammered.” 

9. Wynn Resorts (WYNN: 114.64 0.00%) – The stock gained 26% after Cramer stated on July 21^st that he preferred Wynn Resorts over Las Vegas Sands. While technical analysis at that time pointed to Las Vegas Sands as being a buy, Cramer recommended WYNN based on the company’s fundamentals. Cramer thought Wynn was undervalued back then and his advice to buy was right on the money. 

8. PPG Industries (PPG: 91.61 0.00%) – On July 6, Cramer stated that PPG was a winner and recommended that investors buy the stock at its current price (then at $43). Since that show the stock has soared 28% to finish the month at $55. 

7. Walter Energy (WLT: 73.57 0.00%) – On the same day as the PPG recommendation, Cramer also urged investors to look at Walter Energy. Cramer called the company a “great conglomerate” and advised investors to buy at the current levels. Investors that did buy off that recommendation saw the stock gained 34% by the end of July. 

6. Charming Shoppes (CHRS: 5.34 0.00%) – After Dress Barn announced it was acquiring Tween Brands at a 20% premium, Cramer suggested that Charming Shoppes might be the next takeover target. He called Charming Shoppes a broken stock, not a broken company, and he liked the fact that while the stock was trading for only $3 it had $1.32 per share in cash. Since that recommendation on July 7, the stock has jumped 36%. 

5. Lincoln National Corp (LNC: 24.39 0.00%) – On July 13, Cramer warned investors that they needed to get positive on Lincoln National. By the end of the month, the stock had rallied 37%. 

4. Ford Motor (F: 12.84 0.00%) – While Cramer expressed mixed emotions over investing in Ford on his July 20^th show, he felt the stock was too cheap to pass up. “I will, under $6, repeatedly tell people to pull the trigger”, said Cramer. Ford finished the month of July above $6 per share, but investors that bought on Cramer’s recommendation saw it gain 39%. 

3. Jones Apparel (JNY: 10.17 0.00%) – While Cramer is not a fan of retail stocks, he managed to pick a big winner in Jones Apparel. The stock gained 42% after Cramer called JNY “one of the best retail operations in America.”

2. W.R. Grace & Co. (GRA: 55.08 0.00%) – One of the more unusual stock picks was Cramer’s recommendation of W.R. Grace on July 6^th. While Cramer acknowledged that it was an “off the wall play”, he said he would bless it as a speculative play. Speculators saw the stock gain 44% by month end. 

1. Gannett (GCI: 15.14 0.00%) – Drum roll please…..the number one stock pick of Mr. Jim Cramer in the month of July was…..Gannett. While the country’s largest newspaper company surprised everyone with stronger than expected second quarter results, it was Cramer’s prophetic utterance after those earnings on July 16^th that deserves a lot of kudos. Commenting on GCI’s quarterly results Cramer said, “I am not in a million years going to dump after that. I think that you will have a 50% move in Gannett.” Since that show Gannett’s stock has indeed had a 50% jump in their stock price….53.5% to be exact. Nice call Mr. Cramer. 

While Mr. Cramer’s stock recommendations are just one of the factors that affect the stock market, we feel that his comments carry a lot of weight. You can track the stock picks of Jim Cramer right here at CramerEffect.com each day.

Best Buy (BBY: 25.40 0.00%) gained 1.7% after a positive recommendation by Jim Cramer on Thursday’s Mad Money show. “I’m liking Best Buy for market share purposes”, said Cramer. He believes the U.S. economy is in recovery mode and Best Buy is in a good situation to benefit from that recovery. 

However, two other of Cramer’s recommendations seemed to buck the trend. Scott’s Miracle Gro (SMG: 51.47 0.00%) slid 1.9%, despite the fact that Cramer called the stock a winner. Meanwhile, Occidental Petroleum (OXY: 103.80 0.00%) gained 1.1% despite a rather bearish recommendation from Mr. Cramer. Cramer doesn’t like Occidental’s low yield and puts the stock in the “don’t buy don’t sell” category.

On Wednesday’s Mad Money show, Jim Cramer told investors that it’s not a question of whether or not to own gold, but how to own gold. Cramer believes that investors can capture some short-term gains by trading gold, as the metal seems to perform better in the second half of the year. Cramer recommended Agnico Eagle Mines (AEM: 35.50 0.00%) as his favorite way to play gold sending the stock up 6.9%. The company continues to expand its production and has seen a 9% increase in its stock price since the beginning of the year. AEM stands to benefit from the rising price of gold since they don’t engage in hedging. Cramer continues to be bullish on gold overall with the uncertainty in the economy and the declining value of global currency. 

Another stock getting a boost from the “Cramer effect” was XTO Energy (XTO: 0.00 N/A). The stock gained 3.4% after a bullish recommendation from Cramer in the Lightning Round segment of Wednesday’s Mad Money show. Cramer called XTO “the signle best performing natural gas stock in history/”. 

Potash (POT: 46.46 0.00%) jumped 3.0% after Cramer stated that fertilizer is one commodity that is immune to the influence of China. Potash is Cramer’s pick in the fertilizer space despite the falling demand seen in recent quarters. Cramer thinks orders will increase once again as the economy begins to recover and farmers see they can’t cut back on necessities like fertilizer for very long.

On Monday’s show, Cramer stated that even companies that get beaten down, like Dow component Caterpillar, can become attractive buys based on their stock’s weakness and on their long-term investment story. “Nobody really cares right now whether business is strong or not,” Cramer said. “They just feel these stocks got too hammered.” Those bullish comments along with better than expected second quarter results announced Tuesday morning helped lift Caterpillar’s stock 7.7%. 

The “Cramer Effect” was clearly the force behind H.H. Gregg’s 7.9% gain on Tuesday. The stock which typically sees trading volumes averaging 450k shares, saw over 2.9 million shares traded on Tuesday. Of course the reason for the big spike in trading activity was Cramer’s recommending the seventh largest appliance seller as a buy. Cramer believes that the fall of Circuit City has benefited H.H. Gregg. With the housing markets finally hitting a bottom, H.H. Gregg could be a place where consumers will go to buy needed items. The company also has plans to expand from 111 stores in the Midwest to 400 stores nationwide. With a multiple of only 14 and a long-term growth rate of 17.6%, Cramer believes the stock is cheap. 

Other Cramer bullish stock picks: 

BHP Billiton (BHP: 80.73 0.00%) gained 4.3% – After Cramer applauded the market trend of buying industrial stocks ahead of the economic upturn

Murphy Oil (MUR: 61.20 0.00%) rose 1.3% – “It is dirt cheap. I want to own this thing, and I want to own the group.”

China Unicom (CHU: 18.78 0.00%) jumped 2.8% – “Yeah, I think that China Unicom is the way that they are going to sell the iphone in China… I have been buying China Unicom hand over fist.”

The one stock lifted yesterday by the Cramer effect was Old National Bancorp (ONB: 12.39 0.00%) which rose 1.7%. Cramer’s call on ONB, “It is a really, really good bank. I would keep buying more. It is not an interesting situation, but it is a cheap situation.” 

Meanwhile, other of Jim Cramer’s bullish stock picks saw massive declines. 

Schlumberger (SLB: 78.41 0.00%) dropped 9.1% – even after Cramer said that at $50 SLB was a good buy and the stock is having a good year in spite of a decline in crude oil.

Transocean (RIG: 49.44 0.00%) fell 9.4% – falling to $67 after Cramer recommended buying the stock at $60.

Boeing (BA: 75.46 0.00%) was down 8.5% – Cramer said that despite the problems Boeing has had with making the Dreamliner plane, the stock still has a safe 4% dividend yield and he would buy Boeing at these prices.

AT&T (T: 30.02 0.00%) dropped 2.1% – “I think buying AT&T is a very smart thing to do. I know it has done nothing, but you get that dividend and that dividend is safe.”