Lightning Round: Tata Motors, Chipotle, EMC and More
Tata Motors : Cramer said he’d rather see investors in Ford . And he also made an important call on Ford’s preferred shares, telling investors for the first time that they should take profits. “The upside is capped,” he said. “Sell the Ford preferred and start buying the Ford common.”
Chipotle : Cramer urged patience when considering CMG. He thinks stocks like this that have run up in price should pull back, and that will give investors a better entry point.
EMC : Cramer is bullish on EMC despite speculation that the quarter will be “light,” he said. Though he did say his charitable trust took some profits on the stock as a result of the rumors.
MedQuist : “I like it,” Cramer said. He endorses companies that make their money by lowering health-care costs.
IBM : IBM’s chart “is so compelling,” Cramer said, that this stock is “looking more bullish than bearish,” Cramer said.
When this story published, Cramer’s charitable trust owned EMC.
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