More Videos:

Cramer Quick Take: The 60-Inch TV Will Be Key This Holiday

Tickers in this article: AMZN BBY WMT AAPL COST
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK (TheStreet) -- What will be the hottest gift this holiday season? Jim Cramer told Lindsey Bell at Monday that he thinks it will be the 60" LED TV.

Cramer said companies including Costco (COST) , Wal-Mart (WMT) and Best Buy (BBY) all seem to have made the 60" TV their big loss leader this season in order to lure customers to their stores. That may be the gift that everyone wants.

Cramer was also bullish on Apple (AAPL) , a stock he owns for his charitable trust, Action Alerts PLUS, as that company has refreshed its entire line of products for the holidays.

Cramer said he's frankly quite surprised to see so many people out shopping, which is evidence most consumers don't know how much the fiscal cliff will be costing them as of Jan. 1.

In an ideal world, he said, the fiscal cliff would be solved with a few shopping days left before Christmas and everyone would be very merry indeed.

When asked about online sales at (AMZN) , Cramer said that this high-multiple stock continues to do well, but he would invest using deep-in-the-money call options to minimize downside risk.

To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.

-- Written by Scott Rutt in Washington.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

Usage of this site is governed by TheStreet's Terms of Use available here. Information collected on this site may be collected by TheStreet and OC Register. TheStreet's use of information collected on this site will be governed by TheStreet's privacy policy available here. OC Register's use of information collected on this site will be governed by OC Register's privacy policy available here. If either TheStreet's or OC Register's privacy policy have provisions that are more restrictive than the provisions of the other party's privacy policy, such more restrictive provisions shall not apply to such other party.

Copyright © 2012 Orange County Register Communications. All Rights Reserved.
Site Help | Site Map