Lightning Round: Morgan Stanley, Smuckers, W&T Offshore and More
International Bancshares : Cramer is worried about IBOC’s construction loan portfolio. So don’t buy this stock right now.
Allos Therapeutics : Cramer said ALTH works as a speculation play.
Morgan Stanley : Cramer’s charitable trust has been selling some of its MS holdings. While the negatives are already priced into the stock, he doesn’t expect any significant movement in the near term. So investors can look for other banks to own.
Smuckers : Don’t buy, SJM. He said it’s too defensive to own with the market turning up.
W&T Offshore : “Worrisome,” Cramer said of WTI. Don’t buy.
Church & Dwight : This is another stock that is just too defensive for Cramer to get behind right now. Don’t buy CHD.
Cramer's charitable trust owns Morgan Stanley.