Lightning Round: Wal-Mart, Allergan, UPS and More
Wal-Mart : In this trade-down recessionary environment, Wal-Mart is a winner, according to Cramer. He thinks it could go to $52 or $53.
Peabody Energy : Coal is good – and BTU is the best coal stock – but natural gas is a better play in Cramer’s view.
Procter & Gamble : A solid balance sheet, good fundamentals and a plan to cut costs. PG is right, Cramer said.
Core Labs : It’s hanging in there, Cramer said. He would buy it in scale here at $122.
Allergan : Cramer doesn’t understand how this stock has been performing so poorly. It must have something to do with an inherent fear about the drug stocks, but he is sticking with AGN.
UPS : This is a very well-run company, which is why it’s hanging in despite the economy, Cramer said. When things get better, he’s willing to bet UPS goes to $100. For now, though, don’t buy. Questions, comments, suggestions for the Mad Money website? email@example.com
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