Lightning Round: CSX, Home Depot, WaMu and More
CSX : The hedge fund that’s trying to oust CEO Michael Ward ought to give up and let this “great manager” run the company, Cramer said.
Royal Bank of Scotland : “I wouldn’t touch this thing with a 10-foot pole.”
Molson Coors : Excluding Sam Adams , the beer stocks are all buys to Cramer.
Washington Mutual : WaMu remains one of the worst-run companies Cramer has ever seen in his 25 years in the business. There is no way he would recommend owning this stock.
Home Depot : Another stock Cramer wouldn’t be buying. The only retail he’s sanctioning right now is Costco and Wal-Mart .
Onyx Pharma : “Don’t touch it,” Cramer said.
Hudson City Bancorp : No bank – not one – is getting Cramer’s seal of approval right now. He also said he doesn’t suspect Hudson City to be bought.
Trina Solar : Wind is the new solar, as far as Cramer is concerned. He’s staying away from “dangerous” solar names like Trina.
Intercontinental Exchange : When it comes down to it, the exchanges are still financials. And Cramer won’t get behind any financials right now.
Energy Conversion Devices : This is one good alternative energy play, Cramer said.
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