Lightning Round: Verizon, Exelon, Wachovia and More
Pep Boys : “They got no pep. I do not want to be in that stock.”
Brushed Engineered Materials : This Boeing-related stock cannot be owned right now, Cramer said. “The airlines are only going to get worse, not better.”
SunTrust Banks : Sell on any rally, Cramer said.
Owens-Illinois : Natural-gas costs are hurting this stock, so Cramer said he needs to see the next quarterly report before he can recommend OI.
Exelon : Cramer’s bullish on this utility.
Duke Energy : Duke has a decent dividend yield, Cramer said. But if investors want a dividend, go with ConEd . If they want to invest in a utility, go with Exelon.
Verizon Communications : “I want to buy Verizon here,” Cramer said, though he admitted it’s a contrarian play right now. AT&T at $33 is a buy – and a contrarian pick – as well.
Ener1 : This is a speculative stock, Cramer said, but he thinks it’s a buy. Sociedad Quimica is a better play, though, he said.
Wachovia : “I do not like Wachovia Bank.” Sell half on Wednesday, Cramer said, and sell the rest if we get the short squeeze he’s expecting.
EMCORE : Another speculative stock, EMCORE “is not for me,” Cramer said.
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