Lightning Round: Chevron, Citigroup, American Eagle and More
Lions Gate Films : “Too speculative,” Cramer said. Don’t buy LGF.
Citigroup : Investors who want to speculate on the banking sector should go with Bank of America . Those wanting a more solid banking play should buy JPMorgan Chase .
Chevron : Chevron is a buy, Cramer said. He thinks the companies continuing reserve discoveries coupled with declining costs could result in a great quarter in the near future.
Cree : Cramer admitted he has been wrong about Cree, so he declined to make a call on the stock.
Frontline : FRO is a buy, Cramer said. He likes Nordic American Tanker as well.
Cummins : While the company is great, Cummins operates in a part of the economy that has yet to rebound. So Cramer can’t get behind CMI right now.
ICON : Cramer would not recommend Icon because he doesn’t like the medical-testing business.
Health Management : HMA doesn’t work as long as President Obama is in the White House. The stock has had a good run, he said, so take profits.
Hot Topic : This is another stock that’s enjoyed some good upside, and Cramer thinks a pullback could be coming. He recommended that investors take profits. The same goes for Aeropostale and American Eagle, he said.
Cramer’s charitable trust owns Chevron and JPMorgan Chase.
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