Lightning Round: Cisco Systems, DryShips, Duke Energy and More
Cisco Systems : Despite bearish talk to the contrary, Cramer thinks this quarter will be strong. He predicted CSCO, which he called “very undervalued,” would reach $24-$25 “without a problem.”
DryShips : Sell DRYS. “There are very few stocks in very few areas that are not rallying here,” Cramer said, “and the ones that aren’t rallying I think are doomed to fail when the rally ends.” He counts DryShips among this group.
PetroHawk Energy : With natural gas not performing well, Cramer can’t recommend HK. If investors want a nat-gas play, they should consider Chesapeake Energy because it’s the cheapest, he said.
DirecTV : DTV has had a “miraculous run,” Cramer said, so taking some profits here would be prudent.
Duke Energy : “I don’t want to be in Duke,” Cramer said. Consider Progress Energy , Con Ed or Exelon instead, with EXC being his “favorite one right here.”
When this story published, Cramer’s charitable trust owned Cisco Systems.
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