Lightning Round: Citigroup, St. Joe, Foster Wheeler and More
Foster Wheeler : “This stock has been crushed, and I think it has been crushed unnecessarily.” Cramer likes Foster Wheeler over a longer-term horizon of 18 months.
C.H. Robinson : Go with UPS instead, Cramer said.
St. Joe : The largest individual private landowner in Florida is heavily exposed to what Cramer said would be one of the last real estate markets to recover. For that reason, he said this stock probably won’t be worth buying for three to five years.
Citigroup : Citi needs to take bold action a la John Thain and Merrill Lynch before Cramer gets bullish on this stock.
Sandisk : This stock is still a sell, sell, sell, Cramer said.
Freeport-McMoRan : Cramer’s confident China’s demand for copper will return. He’s bullish on FCX for the long term. But he said in the short term the stock could end up in the house of pain.
Jim's charitable trust owns Foster Wheeler and Freeport-McMoRan.
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