Lightning Round: Alcoa, Cemex, Chesapeake and More
Chesapeake : One of those stocks Cramer just can’t get enough of, even if it looks due for a pullback. “I want you to buy Chesapeake.”
Watts Water : Cramer was once bullish on this water play but now needs to do his homework and come back to it.
Alcoa : Buy more of the aluminum giant, Cramer advised.
Wachovia : Nothing less than a “trainwreck,” said Cramer. “I do not like that stock at all.”
Cemex : The Mexican cement maker is a great business but you just can’t own a cement company in a slowdown, Cramer said.
Medtronic : Cramer thinks it looks like it’s turning around and called it “right for now.”
Intrepid Potash : After running almost 50% since its IPO, Cramer would take the gains and invest them in similar stocks like Potash , Mosaic or Agrium .
Bristol-Myers : The dividend alone makes this stock worth owning, Cramer said.