Lightning Round: Alcoa, Sears, Celgene and More
Alcoa : “I didn’t like the quarter,” Cramer said. Go with Nucor instead.
Atheros Communication : This is another company whose quarterly earnings disappointed Cramer. Texas Intstruments , Broadcom or Skyworks Solutions are all better picks, he said.
Sears Holdings : The stock has suffered, Cramer said, because the underlying company is levered to first-time homebuyers. And therefore investors abandoned SHLD once the first-time homebuyer tax credit expired. Still, Cramer thinks this one is “down too much” and he thinks it should be bought.
CME Group : CME didn’t get the post-financial-reform bump that many expected, but Cramer urged viewers to stick with this stock. He thinks it’s due for a good 2011.
Baidu.com : Cramer thinks BIDU could go to $90. He said he would reevaluate the stock if and when it gets there.
Celgene : “I like the company very much,” Cramer said, but he recommended taking some profits given the run that CELG has had.
When this story published, Cramer’s charitable trust owned Nucor.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com