Lightning Round: GeoResources, Bank of America, Cree and More
Northern Dynasty Minerals: NAK isn’t Cramer’s favorite gold name, but he was willing to recommend it as a speculation play.
GeoResources:Ultra Petroleum is a better play, Cramer said. “Some of these oil stocks are going to correct, and Ultra’s better than” GEOI.
Bank of America: BAC is a buy, Cramer said.
Cree: Cramer likes Cree as a longer-term play on the switch to LED light bulbs from the old-fashioned incandescent kind. He thinks the stock could reach $80.
Cheniere Energy: “It’s a terrific spec,” Cramer said.
Deere: Cramer is bullish on Deere.
Landstar System: “It’s a great company,” Cramer said of Landstar. “I think you got a winner there.”
Intel: Cramer doesn’t agree with Monday’s downgrade of INTC. He likes the 3-percent dividend yield and the balance sheet, and he thinks investors should buy the stock.
When this story published, Cramer’s charitable trust owned Bank of America, Deere and Intel.
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