It's Time for the Lightning Round!
Aruba Networks : The stock is up a quick $3 after a blowout quarter last week, so Cramer recommends waiting for a pullback before buying in. “If it goes below $20, you have to be willing to pull the trigger.”
Merrill Lynch : “Merrill Lynch is not going to have any problem going over $100.” Cramer says the stock is too cheap right here, so he recommends getting in.
Level 3 Communications : “This stock is a creeper.” LVLT climbs a bit then pulls back, but Cramer thinks it’s in the process of taking out its high. He predicts the stock should end the year between $7 and $8, so any pullback is a chance to get in.
Target : Cramer suggests taking a little off the table and putting some of that money into Wal-Mart, “where the real turn is occurring,” he says. He thinks the stock has plenty of upside left.
Aluminum China : “I want you to ring the register. The Chinese market is overheated.”
Targa Resources :Dominion Resources is probably a better diversified utilities company than Targa, Cramer says. He recommends a switch.
Palm : “I need you out of Palm. I would rather see you in RIMM, Research in Motion.”
Companhia Vale do Rio Doce : “I have not said one thing about selling RIO, and I’m not going to sell it yet.” Cramer says it’s still one of the cheapest minerals stocks out there.
Scholastic : “Way too inconsistent.” Cramer would rather see investors in Barnes & Noble .
Tesoro : The stock’s move has peaked and these margins can’t be sustained, Cramer says. He thinks now is the time to get out.
RF Micro Devices : “I am not going to bless RF Micro – not on this show.” Qualcomm is a better play here, Cramer says.
Questions? Comments? email@example.com