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Closing Out a Position

I'm taking my final profits in one name and eyeing places to invest the cash.
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I am going to sell the last 200 shares of Black & Decker (BDK) I hold in the portfolio. I'll make the sale after you receive this Alert.

I have been scale selling in my Black & Decker position, as the stock has worked its way higher. I am up 20% from my last trade and will take the money to put to use in other names in the fund that have more upside potential.

I am looking to add to: Cisco (CSCO) , Costco (COST) and WellPoint (WLP) . I am also looking at my energy names and waiting to pick up any on real weakness: Devon Energy (DVN) , Foster Wheeler (FWLT) , National Oilwell Varco (NOV) and Freeport-McMoRan (FCX) .

Regards,

Jim Cramer

Click here to literally trade alongside with Cramer!http://www.thestreet.com/staticFull/aap-td-ct-offer_alert.html

DISCLOSURE: At the time of publication, Cramer was long Black & Decker, Costco, Cisco, Devon, Freeport-McMoRan, Foster Wheeler, National Oilwell Varco and WellPoint.

Send email to james.cramer@thestreet.com.