Lightning Round: Xerox, Transocean, Union Pacific and More
Clean Energy Fuels : “I no longer believe that this Congress is going to go for natural gas,” Cramer said. So he can’t recommend CLNE right now.
McMoRan Exploration : “I need you to hold on to this stock,” Cramer said. He called MMR “incredibly cheap” and said the company’s acquisitions over the past year could cause the stock to double. “Stay long, buy more, any pullback.”
Xerox : Cramer is bullish on XRX. “I like the stock at $10,” he said. “I think you could pick up 30%-40% here.”
Union Pacific : UNP is a buy, Cramer said, calling it an “inexpensive stock.” He also likes the fact that the company’s contracts are up for renewal, and he expects Union Pacific to lock its clients in for higher prices.
Transocean : Cramer would rather see investors in Schlumberger , but he does think there’s another “10 points to upside” for Transocean. So, “I understand owning RIG,” he said.
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