Lightning Round: Clorox, Donaldson, Hanesbrands and More
Clorox : Cramer called the quarter “disappointing” but said he can’t recommend selling the stock at this low level, especially with the 3.5-percent dividend yield.
Meridian Biosciences : Cramer is bullish on diagnostic companies like VIVO and Becton Dickinson.
Donaldson : “Donaldson’s terrific,” Cramer said.
Genpact : Cramer said there is no catalyst coming for Genpact that makes the stock worth recommending.
Micron Technology : Sell MU. “I would much rather have you in any Internet tsunami name that I’ve been recommending,” Cramer said.
Qwest Communications : Cramer likes Qwest’s 4.5-percent dividend yield, as well as the fact that if it merges with CenturyTel investors will get shares of that company. He’s bullish on CTL, which yields 6.7 percent.
Celgene : Cramer thinks the dip in Celgene’s share price, caused by negative news about the company’s Revlimid blood-cancer treatment, is an opportunity to buy the stock. “I think this stock is going to come back,” he said.
Hanesbrands : Go with Warnaco instead, Cramer said.
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