Lightning Round: Goldman Sachs, Qualcomm, Huntsman and More
Baxter International : Sell BAX. “We thought Baxter’s quarter was the worst of any health-care company,” Cramer said.
Qualcomm : Sell QCOM. “We think that that company is the worst executor of anyone in the business,” Cramer said.
Gilead Sciences : “I have really given up on Gilead,” Cramer said. He thinks the company’s drugs are too expensive in a world where massive government budget cuts are the norm.
Owens Corning : Now that the Cash for Caulkers program has run its course, Cramer can’t get behind this stock right now.
Hunstman : Cramer endorsed HUN, saying it was “a good stock, not a great one.” He also likes Dow Chemical with natural-gas prices down at these levels.
Goldman Sachs : Don’t buy GS. Cramer thinks it could trade down to $130 a share in this market. “Maybe there it gets a little more interesting as you get closer to book” value, he said.
Gran Tierra : Cramer said GTE was a good speculative stock.
China Unicom : Don’t buy CHU. “I think that China is a big mistake to invest in” right now, Cramer said.
Cramer’s charitable trust owns Goldman Sachs.
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