Lightning Round: Berkshire Hathaway, ConAgra Foods, Amazon.com and More
Imax : Don’t buy Imax, Cramer said. He has soured on the movie companies ever since Shrek 3 didn’t do as well as expected at the box office.
Starwood Hotels and Resorts : Cramer is bullish on HOT. He thinks the company’s success right now is proof that the economy isn’t as bad as people say it is.
Cisco Systems : Cisco is a buy. “Everybody else seems to be selling it,” Cramer said. “I think they’re going to be wrong.”
SandRidge Energy : Cramer can’t get behind SD until its merger with Arena Resources closes, which is supposed to happen “in another few weeks,” he said.
Garmin : Sell Garmin. “I think it’s a dangerous stock,” Cramer said. He did admit the company’s balance sheet is strong, though, so investors shouldn’t feel pressured to dump GMRN immediately.
Manitowoc :Caterpillar , Bucyrus International , Joy Global and Deere are all better picks, Cramer said.
Las Vegas Sands : Go with Wynn Resorts instead, Cramer said.
Amazon.com : “I worry about Amazon,” Cramer said, because of increasing competition in the space. So investors should stay away from the stock.
ConAgra Foods : CAG held up even after reporting a “not-so-great quarter,” Cramer said, and that’s a bullish sign. Cramer thinks this stock is a buy.
Berkshire Hathaway : Berkshire is a buy, Cramer said.
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