Lightning Round: Xerox, Tesoro, Kellogg and More
Xerox : Cramer called Xerox a “pseudo-tech” company. “Get with the Cisco program if you want to be in some tech,” he advised.
J.C. Penney : This retailer is undervalued and should be “bought right here,” said Cramer.
American Capital Strategies : Cramer’s on the fence with this “very controversial” stock. It’s a battleground, and he’s avoiding it.
Tesoro : Gas prices aren’t high enough for the refiners to be right, Cramer said. He prefers integrated oil companies like ConocoPhillips , Chevron or Exxon Mobil .
Luxottica : Cramer’s cool on the idea of a “fashion optical play,” even though he happens to like the company. “Don’t buy,” he said.
Hot Topic : The only teen apparel retailers Cramer endorses are American Eagle , Abercrombie & Fitch and Aeropostale , in that order.
Kellogg : Any company that can make money with raw costs so high is OK by Cramer. He’s bullish on Kellogg, as well as General Mills and ConAgra . If corn prices came down, he thinks all three companies would be “through the roof.”
Aluminum Corp. of China : Cramer is sticking with Baidu.com as the best way to play China.
American Superconductor : “Never a favorite of mine.” Cramer likes NVIDIA , Texas Instruments and Intel more.