Lightning Round: Tribune, Cummins, Amgen and More
Headwaters : “There are so many better plays in alternative energy,” Cramer said. He would rather own SunPower or First Solar .
XM Satellite Radio : Cramer prefers Sirius because he thinks it will fare better if the merger deal doesn’t get done.
Tribune : Cramer thinks activist investor Sam Zell will help TRB get to $34, but he would sell the company if he were an employee. Without being an arbitrager, Cramer said he trusts Zell “as a gentleman and as a great investor.”
Blockbuster : “I don’t have a good view of this stock right here so I’m going to say don’t buy.”
Cummins : A correction in the market – which Cramer thinks is on the horizon – would hurt Cummins, but it’s still a “world-dominating company.”
CIT Group : Cramer doesn’t think the risk-reward is worth it. “Don’t buy.”
Amgen : It’s simply not as good as Celgene , Cramer said. CELG hit another 52-week high today and he isn’t backing away.
Caterpillar : It seems that investors are finally putting behind them the notion that CAT is purely an American housing play, Cramer said. But it will probably go down before it goes up. He recommended letting it come in, then pulling the trigger.
Arcelor Mittal : It’s been ramping, but Cramer prefers the U.S. steel companies.
China Finance Online : This stock has exploded, so Cramer would advise investors who got in early and caught the upside to take out all their initial investment immediately and let the rest run. Don’t get greedy, he said.