Lightning Round: Johnson & Johnson, PNC Financial, Lockheed Martin and More
Johnson & Johnson : Cramer is bullish on JNJ right now. This stocks works with a weaker dollar and in a market focused on defensive plays.
Tenet Health Care : Don’t buy THC. The balance sheet is “not that good,” Cramer said, and we’re still not clear on President Obama’s plans for the sector.
PNC Financial Services Group : PNC has dropped in price enough to make it an attractive buy, Cramer said. “I like the bank group as it comes down. I think PNC’s a winner.”
Elan : “Too dicey,” Cramer said. Go with Genzyme or Celgene instead.
L-3 Communications : Cramer likes the stock, but he said a company that offers a decent dividend yield, like Lockheed Martin or Northrop Grumman might work better. Don’t buy L-3.
Aruba Networks : Cramer passed on recommending ARUN. He wants to do more research on the stock before making a call.
Granite Construction : Sell GVA, Cramer said.
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