Lightning Round: Yamana, Apple, CVS and More
Yamana Gold : “They missed the quarter, and there is no excuse to miss the quarter.” Now that gold is done going up, Cramer said, he can’t recommend AUY.
Research in Motion : “Overdone to the downside.” Cramer said RIMM is a buy. Apple and Corning are buys, too.
Molson Coors : Cramer said he likes TAP, and Brown Foreman as well.
ADC Telecom : “Too hard,” Cramer said. Don’t buy.
MGM Mirage : Sell, sell, sell, Cramer said. He’s bearish on the casino business.
eBay : “That one is trouble,” Cramer said, and so is Yahoo! . Stay away from both internet companies.
Sociedad Quimica of Chile : “I think you’re in the house of pain with that, and it’s going to be at that address for a little bit.” Cramer said that he does believe that “the ag trade will ultimately come back,” but the time is not now.
Eagle Bulk Shipping : Cramer reiterated his buy call on Frontline instead.
Red Hat : “I like Red Hat,” but Cramer said he can’t get behind a software company right now.
CVS Caremark : CVS, along with the rest of retail, is a part of the early-cycle rally taking place right now. He recommended buying CVS.
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