Lightning Round: Wachovia, Onyx, Oracle and More
Wachovia : Wachovia’s climbing, but Cramer recommended Homegamers scale out of the stock as it goes higher. He can’t get behind it.
Leapfrog :JAKKS and Mattel under $20 for the dividend are the only toy stocks Cramer will recommend.
Chesapeake : Cramer’s bullish on Chesapeake. He said investors should buy it on any pullback.
Onyx Pharma : Cramer has hoped ONXX would get bought out on the strength of its pipeline, but that never happened. Don’t buy, he said.
Westar Energy : Cramer loves the 5% dividend – and any company that can afford to pay one out. Westar’s a buy.
BB&T : Sell BBT. Too much bad debt for his tastes.
Yingli Green : Don’t buy. The stock’s already had a nice run.
Petroleo Brasileiro : PBR’s the kind of stock Cramer recommends buying during the downturns we’ve been experiencing. “That’s the best Brazilian stock.”
AutoNation : “I don’t like that business right here," Cramer said. "I think the economy is not strong enough.”
Dana Holding : “This economy’s not good enough” to own Dana, Cramer said.
Oracle : As much as Cramer said he likes ORCL, he prefers Salesforce.com. He admitted it’s a bit risky, though. Homegamers, be cautious.
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com