Lightning Round: Google, Goldman Sachs, Best Buy and More
Bank of America : If you like BAC, Cramer said, then buy some Wells Fargo . That’s his play on housing’s bottom, which he thinks will happen by the end of June.
Clean Energy Fuels : The natural-gas-as-alternative-autos-fuel play “fizzled,” Cramer said, and with it went CLNE. So he can’t get behind this stock right now.
Best Buy : Cramer’s not bullish on retail right now, but he’s a fan of Best Buy.
Royal Bank of Canada : Investors who already own RY can hold their shares, Cramer said, but otherwise this stock is a don’t buy. While he said RY’s balance sheet was “decent,” there are very few banks he’s willing to recommend right now.
Google : Cramer thinks Google’s having a good quarter, but he doesn’t think advertising, Google’s main moneymaker, will have a good year. So he’s lukewarm about the stock. Cramer would rather see investors in Hewlett-Packard.
Ultra Petroleum : “Natural gas is done going down,” Cramer said, so he’s bullish on UPL.
Goldman Sachs : Cramer thinks Goldman has a great balance sheet, and the stock is cheap. He’s a “huge believer” in GS, he said.
Itron : The stock’s down since Cramer recommended Itron, but he’s sticking with his call. He recommended buying more.
Cabela’s : “That is a walking heart attack,” Cramer said. This stock’s a sell. Dick’s Sporting Goods is a better buy.
Jim's charitable trust owns Goldman Sachs and Wells Fargo.