Lightning Round: Visa, Google, General Dynamics and More
Cavium Networks : When it comes to semiconductors, Cramer said, “it doesn’t matter which one you own, they’re all going down.” He likes the sector long term, but doesn’t recommend buying just yet.
Visa : Consumer spending will rebound when housing bottoms and gas prices dip to $3 a gallon. Until then, don’t buy Visa.
Unilever : Cramer’s bullish on this package-goods company because it’s success isn’t dependent on a strong economy.
Google : Any big-dollar stock is being sold in lumps by hedge funds to raise capital. Don’t buy until GOOG drops to $400, Cramer said.
General Dynamics : If you think Barack Obama is going to win the presidency, then you don’t want to own a defense contractor, Cramer said.
LB Foster :Trinity is a better pick, Cramer said.
Jim's charitable trust owns Unilever.
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