Lightning Round: WWE, Apache, Dominion and More
Mechel : MTL works as a speculation play, though he warned this $3 stock is more likely to hit zero than $6.
Athenahealth : Don’t buy ATHN.
WWE : “The stock’s been a disappointment.” Don’t buy WWE.
Apache : Natural gas is too tough right now, so Cramer can’t recommend APA. Investors who feel strong about the stock should at least wait for a pullback.
UIL Holdings :Dominion Resources and its 6.4% dividend yield make for a better utility play, Cramer said. He also likes Edison International as an Obama play, and he thinks that Con Ed is cheap right now.
Cedar Fair : “There is no fun in FUN,” Cramer said. Stay away from Cedar Fair.