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Aug.25
7:17 PM ET
Monday, 25 Aug 2008
Lightning Round OT: Nokia, Freeport-McMoRan and More
Topics:Stock Picks | Stock Market
Synovus Financial [SNV
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]: “There are literally hundreds of banks that I can’t afford to recommend because it’s just too darn dangerous out there,” Cramer said, and SNV is one of them.
Nokia [NOK
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]: Qualcomm [QCOM
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] is the better pick, Cramer said.
Freeport-McMoRan [FCX
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]: The minerals stocks are in a bear market, but Cramer’s expecting demand in China to return. He recommended buying FCX below $80 a share.
Jim’s charitable trust owns Freeport-McMoRan and Qualcomm.
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