Stop Trading!: Buy XTO's Secondary
"Natural gas is on fire," Cramer said during Thursday’s Stop Trading!.
Best of breed in the group is XTO Energy said the Mad Money host, even against competitors like Apache and Anadarko
Cramer wanted investors ready to take advantage of a 20 million-share secondary offering by XTO. “It will be a win,” he said, just like XTO’s other offerings.
Responding to Lundin Mining’s downward guidance correction, Cramer replied, “Somebody's got to put that company out of its misery.” Shares are down about 11% with an hour left in the trading day.
Liz Claiborne’s having a difficult day of its own, after pre-announcing lower-than-expected earnings. Cramer’s advice: LIZ should close down all its properties other than Juicy Couture and Kate Spade. Shares have dropped almost 18% for the day.
Jim’s charitable trust owns XTO Energy.
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