It's Time for the Lightning Round!
NewMarket : At USC on Friday, a student stumped Cramer on this chemical company that is a parent to Ethyl Corp. and Aflon Chemical. Cramer did his homework over the weekend, and while NewMarket is doing “interesting stuff,” he would rather go with Nova Chemicals , which is a “cheaper play” in the chemicals arena, he said.
Leucadia : “I like that,” Cramer said. “I think Leucadia is very right.”
Wachovia : There is a trio of big money centers that Cramer is willing to own because he thinks their yields offer a cushion: Bank of America , Citigroup and Wachovia.
Tata Motors : Cramer isn’t a huge fan of India right now, but he had blessed Tata when it was at $14-$15, and he blesses it here again at $17.
Clearwire : “No. I’m not going back to that well again,” Cramer said. He recommended taking profits in Clearwire, and he’s not looking back.
Apple : Cramer still feels Apple is “good to go,” but it has become his least favorite of his four horsemen of tech, behind Amazon , Research in Motion and Google . “Take a little bit off the table and let the rest run,” he said.
Citadel Broadcasting : “A radio company on my show?! Sell, sell, sell!” In fact, if you own any radio company you should sell it, Cramer said.
Jim's charitable trust owns Citigroup.
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