Lightning Round: Philip Morris, Wells Fargo, Con Ed and More
New Alliance Bancshares : With the Democrats making TARP rules even stricter, Cramer’s reluctant to recommend most banks, New Alliance included.
RadioShack : Sell, sell, sell, Cramer said. “I don’t want anything to do with consumer electronics.”
American Capital : Cramer can’t get behind this subordinated-loan company. Sell ACAS, he said.
OGE Energy : Cramer prefers Con Ed , which he said has bottomed.
Salesforce.Com : Believers in high-growth stocks and a strong second half to 2009 should buy CRM, Cramer said, though he’s trying to direct investors to more conservative names right now.
SandRidge Energy : Again, Cramer would rather see people in BP for its 7% yield, if they’re buying oil and gas stocks.
Philip Morris International : Cramer’s bullish on PM at $41.
Wells Fargo : After Obama’s TARP reassessment (see above), the only two bank stock’s Cramer will recommend are JPMorgan Chase and Wells Fargo.
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Jim's charitable trust owns BP, JPMorgan Chase and Wells Fargo.