Lightning Round: Wal-Mart, Apogee, Nortel and More
Capstone Turbine : The stock’s had a good move, so Cramer recommended taking some profits on half your position. Let the rest run, he said.
James River Coal : “I am so bullish on James River Coal.” But again, this stock has really run, Cramer said, so take some profits. For JRCC, sell a third, wait for a bump in price, and then take another third off the table. Let the rest run.
Apogee : “This is a nice, steady long termer…I think Apogee’s good.”
Wal-Mart : “I think that Wal-Mart is so good at $58 that I cannot have you sell it…I see Wal-Mart going to $63.”
Bristol-Meyers Squibb : Cramer said he likes BMY’s yield.
Northern Oil & Gas : “You’ve got a great one in Northern Oil.”
Nortel : Sell, sell, sell, Cramer said.
Concho Resources : “You’ve got a winner.”
Dow Chemical : Cramer likes the company’s yield, but as the world’s biggest buyer of natural gas in a time of excessively high fuel prices, Cramer can’t recommend this stock.
Grey Wolf : Grey Wolf’s another sell, sell, sell, Cramer said.
Jim's charitable trust owns Wal-Mart.