Lightning Round: Elan, Ford, Textron and More
American Eagle Outfitters : For retail, Cramer likes TJX, Costco and Wal-Mart. AEO is a don't buy, he said.
Ford : Go with the preferred stock rather than the common, Cramer said.
Foster Wheeler : "This is a tough tape. Let's buy slowly." That's how Cramer has been building a position in FWLT for his charitable trust.
Mindray Medical : China is too hot right now, Cramer said. He will only recommend Baidu.com and Focus Media in that market.
Textron : TXT has one of the best quarters Cramer has seen, he said, but in this market investors need to be cautious. Buy in increments as the share price declines, he said.
Intercontinental Exchange : ICE could drop as low as $100, Cramer said, from its Wednesday close of about $116.
Elan : Don't buy, Cramer said.
Arch Coal : "ACI is good. Peabody is better. And I'm reopening the book on Patriot Coal."
Chimera Investments : "I feel very confident" in Chimera, Cramer said. Along with Annaly, it's "one of the two best ways to play the crisis in housing."
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