Lightning Round: Delta, Sears, EMC and More

Delta : “I don’t want to own any airline here,” Cramer said. “I am a believer that oil is not done going up.”

CME Group : The Chicago Merc is a “coiled spring” that’s ready to go to a new high after it reports earnings, Cramer said.

EMC : Don’t be frustrated because EMC isn’t reflecting the gains in its spin-off, VMware , Cramer said. That could take six months or so, he said. For now, sit tight because the core business is “doing incredibly well,” he said.

Alpha Natural Resources : Cramer won’t bless coal until the government passes new carbon-dioxide regulations. Until then, utility companies are afraid of building new coal plants in case they aren’t up to code assuming new regulations are passed, he said.

Parker-Hannifin : Cramer called this company “remarkable,” with an “extraordinarily strong” business, much of which is overseas. “It’s a winner.”

Burlington Northern : Cramer endorses the rails wholeheartedly, but prefers Union Pacific .

Peru Copper : Freeport-McMoRan is the way to go to in the copper business, Cramer said.

Goodyear Tire : It’s better than Michelin, but Cramer would rather be on the other side of this trade - in the oil service names.

Rosetta Resources : This stock is “too cheap” even though it is bogged down in litigation, Cramer said. “Pull the trigger.”

Sears Holdings : Until the housing morass is cleaned up, SHLD is not going to make you a lot of money, Cramer said. He doesn’t recommend buying Sears here, but don’t sell it either, he said. Just hold it if you have it.

Jim’s charitable trust owns EMC, Sears, Union Pacific and Freport-McMoRan.

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