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Cramer's Mad Money Daily Recap 8/2/05

Laser stocks are in play.

Only discretionary funds should be used with no more than 20% of a portfolio holding this type of stock.

Candela (CLZR) owns 24% of the market and has great sequential growth.

Cutera (CUTR) posted better-than-expected second-quarter earnings late Monday.

Laserscope (LSCP) is another stock to buy.

The best laser stock to is Syneron Medical (ELOS). The company has 14% of the market. Investors should buy the stock ahead of its quarterly earnings release on Thursday.

Oil Sands Stocks

Kinder Morgan's (KMI) $3.1 billion purchased British Columbia-based Terasen, and Cramer believes that this proves that the oil sands business is now profitable.

French company Total (TOT) launched a $1.1 billion bid for Deer Creek Energy on Tuesday. This is more proof that oil sand plays are for real.

Cramer said investors should be buying Suncor Energy (SU), a pure play that gets its oil from tar oil.

Canadian Natural Resources (CNQ) will move higher once it gets its Horizon oil sands project up and running.

Husky Energy (HUSKF.PK - or HSE.TO), a Canadian company, could be spinning off its oil sands assets soon.

Petro-Canada (PCZ), trading at 19 times earnings, is another stock that investors should be buying.

EnCana (ECA), trading at 17 times earnings, is the most undervalued stock in the group. Cramer named EnCana the cheapest and best play of the lot.

Sirius needs a rest

Sirius Satellite Radio (SIRI) has had a monster run, climbing 70% over the last several months. Now it's resting after reporting a great quarter. Cramer said that stocks always anticipate good news -- at least three to six month out.