Lightning Round: BP, American Eagle, Intuitive Surgical and More
BP : “I remain convinced that BP will be an underperformer in the oil patch for as far as the eye can see,” Cramer said. Investors should try Total and its 6% dividend yield instead.
Tibco Software : “I think that Tibco is a valuable company [whose stock] is worth more than it’s selling for right now,” Cramer said. He’s bullish on TIBX.
American Eagle Outfitters : Cramer thinks J. Crew is a better company than AEO, though he wanted to wait until after J. Crew reported earnings on Thursday before recommending the stock.
ReneSola : “This is not the way to go,” Cramer said. He doesn’t like this Chinese solar play.
DryShips : “I just think those stocks are so beated up,” Cramer said, “that it’s difficult not to like them.” But Diana Shipping is the better play.
Intuitive Surgical : Even though this has been one of Cramer’s favorite high-growth plays, he wouldn’t recommend ISRG on Wednesday. “I’m concerned,” he said, a new class-action lawsuit against the company and insider selling.
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