Lightning Round: Frontline, Yamana, CVS and More
Interactive Brokers : The stock’s down, but Cramer said he can’t get behind it, despite liking the company. After the Bear Stearns debacle, he’s steering clear of the financials. Don’t buy.
Yamana Gold : Gold’s going to $1,600, Cramer said. “Stick with it.”
ConocoPhillips : Let the stock pull back, buy some more, then sell at a profit, Cramer recommended. He said there’s a lot to like about COP.
Andersons : “Anderson on any dip is right.” Cramer’s still confident in the agriculture sector over the long term.
MedcoHealth Solutions : If MHS makes it back to $45-$47, take profits, Cramer said.
Amerisourcebergen : “That is a good company,” Cramer said, but the stock keeps dropping. Don’t buy.
Baidu.com : “It’s gotten too hot for me.” As a speculative play in a market with no room for speculation, Cramer said he won’t recommend BIDU.
Scientific Games : “I got this wrong.” Cramer said he thought the company was well run at one point, but no more. Scientific Games is a sell.
CVS Caremark : With growing competition in the pharmacy benefit management industry and what Cramer called a cooling drug store business, his charitable trust sold its CVS holdings. But he said CVS right once it’s back to $35.
Frontline : “I like that stock,” especially the great dividend, Cramer said.
NYSE Euronext : “This is the worst stock I’ve ever picked in my life.” Cramer admitted it was a mistake to recommend NYX.
Jim's charitable trust owns ConocoPhillips, NYSE Euronext and Yamana Gold.
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