Lightning Round: Countrywide, CVS, Taser and More
Sysco : Once a stock that Cramer loved, Sysco is now just “OK.” With consumer spending slowing, it’s better to look elsewhere, he said.
Countrywide : If the Fed cuts, Countrywide will soar. But it still has its share of problems. Cramer would rather own the preferred stock than the common.
CVS Caremark : An “unbelievably strong” company and one of Cramer’s favorite stocks for this environment.
Hewlett-Packard : After that last quarter, it’s obvious HPQ isn’t done going higher, Cramer said. He would buy it.
Monster Worldwide : Cramer recommended the stock earlier this year as a turnaround and potential takeover story. Neither has happened yet and, for that, he apologized. Don’t lose sight, though. He still thinks Monster is ripe for a buyout.
Genco Shipping : Cramer is willing to endorse this dry-bulk shipper, but he admits that the group was much harder to gauge than he anticipated.
Boston Scientific : Instead, pick up St. Jude , Cramer said.
Titanium Metals : Cramer thinks that cycle is over. He would rather own Freeport-McMoRan for its exposure to both copper and gold.
Schlumberger : Cramer’s a fan of SLB, but likes Transocean better on its pullback.
Taser : “Too hard for this market,” Cramer said. Raytheon is his defense pick.
Jim's charitable trust owns CVS, Hewlett-Packard, Freeport-McMoRan and Transocean.
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