Lightning Round: McDonald's, Walgreen, Nucor and More
SPX : SPX needs a stronger economy to work, Cramer said. So this stock’s a don’t buy for now.
Kraft Foods : Cramer is bullish on Kraft for the long term. Strong management and a good dividend make this stock a winner, he said.
Quanta Services : This a classic Obama play, Cramer said, referring to the president-elect’s plans for improving alternative-energy sources in the U.S.
Crosstex Energy : Cramer doesn’t trust the dividend, he said. Go with Anadarko instead if you want a natural gas play.
Walgreen : Sell, sell, sell, Cramer said. Drug stores are a tough business right now.
Chipotle : Cramer would rather see investors in McDonald’s .
Pre-Paid Legal : Don’t buy, Cramer said. He thinks PPD’s business model is “questionable.”
Ingersoll-Rand : Cramer thinks IR’s next quarter will disappoint, so sell this stock. Wait for it to come down after the resultant sell-off before buying. Cramer said it could drop to $16 from its present level of $20.
AK Steel : Cramer won’t recommend AK Steel, even at $11. But if Nucor pulls back to the low $30s, the stock might be worth buying.
Allied Capital : The last thing investors need with all the problems in banking, Cramer said, is a leveraged financial company. Sell ALD.
Jim's charitable trust owns Quanta Services.