Cramer Highlights

• Cramer welcomes author and fellow CNBC TV host Donny Deutsch to the show to discuss his new book “The Big Idea.”
• A tribute to the entrepreneurial spirit, the book comes highly recommended by Cramer.
• Deutsch said the wealthiest people in the world make it (entrepreneurial spirit) themselves.
• Deutsch said his book highlights dozens of “everyday people” who followed their dreams and made them came true.
• In the Sell Block segment, Cramer revisits a basket of speculative tech stocks he recommended on Dec. 12, and said it’s time to sell all of the names.
• The basket included CIEN – Ciena, SWKS – Skyworks Solutions, TLAB – Tellabs and AMD – AMD, which as a group is collectively up an average of 22.5%.
• The stats: Ciena shares rose 42%, Skyworks is up 20%, Tellabs up 14% and AMD is up just under 13%.
• Cramer said this “field bet” worked due to the fact many of the tech names had been beaten down hard by tax-loss selling and forced hedge-fund selling during November and December and couldn’t possibly go any lower.
• Now though, Cramer said it would be foolish not to take the profits and run, or at least play with the house’s money going forward.
• The tech sector remains weak, and the downside risk for these names are mounting.
• Once investors know themselves and the types of stocks they should own, Cramer said the next step is to evaluate the companies they own.
• Rigorous homework is what leads to good judgement, he told viewers.
• Investors need to make sure the companies they own are viable, make money and don’t have a lot of debt.
• Companies with a lot of debt can’t pay the bills and get into trouble.
• When that happens, the bond bullies take over and leave shareholders in the dust.
• The same principles apply to big companies, always pay attention to a company’s debt and cashflow.
• Cramer said indebted companies, make bad stocks.
• The recent string of bank failures and mortgage meltdowns should drive this point home.

Here’s the list of stocks from Cramer’s Mad Money Show for Wednesday, January 08, 2009.

Note: Dow stocks mentioned tonight: None tonight!

Thumbs up for these stocks………….
DRYS – Dryships $15.13
HNZ – Heinz $36.68
MTZ – Mastec $12.23

Thumbs down for these stocks………..
CSX – CSX $35.23
ENDP – Endo Pharmaceuticals $21.70
HAL – Halliburton $21.16
LVS – Las Vegas Sands $7.24

*A CHARITABLE TRUST STOCK.