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Lightning Round: Alcoa, Palm, Johnson Controls and More
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Palm [PALM
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]: Palm is a “long-term winner” in the mobile-Internet growth trend, Cramer said. He endorsed PALM as a speculative buy.
American Axle [AXL
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]: Cramer would rather see investors in Johnson Controls [JCI
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].
Skyworks Solutions [SWKS
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]: Cramer is bullish on SWKS, but the stock has been lagging recently. He urged viewers to wait until the company reports earnings before buying.
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Allete [ALE
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]: Kinder Morgan Energy Partners [KMP
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] is a better pick, Cramer said.
Alcoa [AA
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]: Buy AA, Cramer said. He thinks this stock go reach “the high teens.”
Medifast [MED
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]: Cramer likes MED as a play on President Obama’s intended health-care reforms. But he recommended waiting for a pullback before buying.
Cramer's charitable trust owns Johnson Controls.
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