Lightning Round OT: Noble Energy, Ariba and More
Brookline Bancorp : This stock may look cheap, Cramer said, but investors are better off buying JPMorgan Chase , “which is probably the best bank in the world.” JPM is “down very big,” making for a better opportunity.
Noble Energy : Cramer said it’s too likely that earnings estimates will come down for Noble, given the Gulf of Mexico oil spill, so he can’t recommend this stock. Sell NE.
Ariba : Cramer thinks Ariba is a “great company,” but he said the stock is “overextended.” So investors should take profits in ARBA.
When this story published, Cramer's charitable trust owned JPMorgan Chase.
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