Cramer started Tuesday's Lightning Round with a mini Sell Block. He recommended taking profts in Baidu.com and Focus Media, which are up 116% and 28% respectively since June 13. Holders of BIDU should sell enough to regain the capital invested but let the rest run, he said. Owners of Focus should take half off the table.
Harman International : Cramer said it’s best to wait until the end of the year before looking to buy HAR.
Arris Group :Cisco Systems is a better pick. “We bank with John Chambers,” Cramer said.
AK Steel : Cramer recommended owning AKS on the potential for a takeover.
Global Payments : “I’m not really interested in Global Payments.”
Melco : Go with Wynn and Las Vegas Sands instead, Cramer said.
Republic Services :Waste Management is the best-of-breed stock in this space.
Altria : “That stock is just in a resting pattern…stick with that one, and buy more Altria if it goes below $65.”
Intuitive Surgical : “One of the great growers,” Cramer said.
E*Trade : Investors could start to build a position in ETFC, Cramer said, but he isn’t bullish on the stock just yet. He said he doesn’t think it goes below $9.
Freeport-McMoRan : Cramer expects FCX to go $120, but he wouldn’t frown on investors taking profits.
GigaMedia : Again, Cisco is the better play, Cramer said.
hhgregg Inc : Cramer likes Best Buy or Lululemon better.
Jim's charitable trust owns Altria and Freeport-McMoRan.
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