It's Time for the Lightning Round!
Apple : “Apple Computer is the best-acting technology stock in the book … I don’t trust most of tech until we get to the summer, but not Apple … I think Apple is best in show … pull the trigger.”
Yamana Gold : Cramer thinks gold is a good place to go, and a stock to own is AUY, which is the only gold company that is “completely and utterly replenishing its coffers even as it produces gold. Lets back up the truck at $12.”
SAIC : Cramer had to give up on this one. His problem is that this particular segment of defense spending has slowed a bit. General Dynamics is best in show in this sector, Cramer says.
Genentech : “This stock acted pretty darn well in the selloff.” Home Gamers know that Cramer likes biotech as a defensive play here, but he’s not as sure of Genentech as he is of Celgene , Gilead or Genzyme . But it's still in his top four biotech plays.
Microsoft : “Everybody knows Vista is not selling well,” but Cramer thinks Microsoft at $26 deserves a buy. “The stock is down five points, but that’s an overreaction.”
Diamond Offshore Drilling : Cramer’s pecking order of drillers is very clear: Number one is Transocean , then GlobalSantaFe , and only after that would you pick up DO.
Garmin : “I thought Garmin acted very well today … I put them in the same category as Apple” with the clean quarter they just had. Cramer says let this stock come in at $50 … then pull the trigger multiple times. “What a stock, what a company, what a Lightning Round!”
Jim's charitable trust owns Transocean.
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