Tech stocks are closer to a bottom than a top, even with the Nasdaq up 6.5% for the year, Cramer said on Monday’s Stop Trading!.
Cramer also had a change of heart on Schlumberger , saying Halliburton has become cheaper and is now the best-of-breed oil services company.
Monday’s pullback in Rio Tinto after the stock hit an all-time high should be viewed as a buying opportunity, Cramer said. BHP Billiton , the world's largest mining company, has sweetened its takeover bid for the London-based RTP. The deal would create a global iron ore behemoth that could lend some stability to surging commodity prices.
And with Visa planning a public offering, Cramer urged caution with Mastercard down over 4% on Monday. While long-term bullish on MA, he called it “irrational” but likely that investors will initially sell MA to buy the Visa IPO.
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