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Recall or not, Cramer still likes Nestle.
“It’s not an expensive stock,” he said during Friday’s Stop Trading!.
Nestle recalled its Toll House cookie dough after the Food & Drug Administration warned of potential E. coli contamination, reports said. According to the FDA, since March 66 consumers across 28 states have gotten sick as a result of eating the raw cookie dough. So far 25 people have been hospitalized, but no one has died.
Also, Cramer endorsed Ciena [CIEN
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] as a play on mobile Internet’s mass adoption and the popularity of Apple’s [AAPL
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] iPhone, Research in Motion’s [RIMM
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] BlackBerry and Palm’s [PALM
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] Pre.
“This is the hottest trend,” Cramer said of smartphones.
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