Lightning Round: Verizon, Google, Cisco and More
Terra Nitrogen : Cramer doesn’t like the fertilizer group right now. Sell, sell, sell, he said.
Emerson Electric : “The market is wrong,” Cramer said. “Emerson’s a better company” than you’d think given the share price. He said EMR is a buy.
Ambac Financial : Cramer doesn’t like the “opaque” financials of Ambac and peer MBIA . The stocks are going up, but he’s not sure why, he said. He believes they both need to raise capital. “I don’t trust them, and I don’t want to be in Ambac or MBI.”
Cisco System : “I like Cisco,” Cramer said. The company’s putting its large cash reserves to work through acquisitions.
GrafTech International : This stock’s too cheap, Cramer said. “I think you should own it.”
Verizon Communications : Verizon’s a longer-term play, Cramer said. Cable stocks may be favored right now, but telecoms will return. AT&T, too.
Google : Cramer called GOOG a “caged tiger,” saying he thinks the stock goes to $500 or higher after Labor Day.
Acco Brands : “I don’t want to be in office products.”
Cummins : This is one of the cyclical stocks you have to ride through this recession, Cramer said. He thinks it will have a great 2009 and an even better 2010.
Jim's charitable trust owns Cisco.
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