Lightning Round: JPMorgan Chase, Wal-Mart, Colgate and More
Tyson Foods : Don’t buy, Cramer said. CEO Richard Bond told Mad Money that the company’s margins are under pressure, so Cramer can’t get behind this stock right now.
JPMorgan Chase : Cramer’s bullish on JPM, especially after Tuesday’s Federal Reserve announcement. It now looks like Chairman Ben Bernanke is willing to do anything that’s necessary to save the markets and economy from collapse.
Chesapeake Energy : Cramer would rather see investors in Anadarko Petroleum .
Whirlpool : Cramer doesn’t like the balance sheet and the sector as a whole doesn’t look good right now, he said. Don’t buy, WHR.
Colgate-Palmolive : “Colgate is my kind of stock,” Cramer said. CL is well run, the raw costs are declining, and the stock’s a good play on the weak dollar.
World Wrestling : WWE’s dividend is so high at 12% that Cramer doubts the company can afford to pay it out now. And the stock “acts terribly,” he said, so don’t buy.
Wal-Mart : WMT is “one great stock,” Cramer said, “the best-performing stock in the Dow.” Wal-Mart is a buy.
Jim's charitable trust owns JPMorgan Chase and Wal-Mart.
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