Lightning Round: Rubbermaid, Blackstone, Vale and More
Marvel Entertainment : This company has seen its best days, as far as Cramer is concerned. He would rather own Mattel at $20.
AT&T : Buy it at $35, Cramer said. That’s where it tends to bottom and where the best yield is.
America Movil : A good stock but Cramer urged cautious because Latin American markets are so uneasy right now. He would scale into AMX. Do not buy all at once.
Alliance Data : “No thanks.”
Rite Aid : It is in the penalty box until it shows Cramer two good quarters.
Vishay : Component stocks like this one are not where Cramer wants to be.
Newell Rubbermaid : Cramer said he’s disappointed in the management after it squandered some great opportunities. Don’t buy.
Blackstone : “Itt shouldn’t have come public as far as I’m concerned,” exclaimed Cramer. It is too hard to know what BX owns – and that’s not what you want right now.
Freeport-McMoRan : Like AMX, Cramer would buy FCX in slow increments due to its extreme volatility.
National City : Don’t buy the stock. Cramer doesn’t think it will stay independent. If it does get bought, he expects it to be a “takeunder” situation similar to JP Morgan’s bid for Bear Stearns .
Millennium Pharmaceuticals : Nah. Cramer prefers Genentech .
Cummins : Cramer took the gain on this and is now back to recommending Caterpillar below $70.
Vale : Wait for this to go lower before buying more. In this environment, it’s best to use big dips to buy and big rips to take profits, Cramer said.
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