Lightning Round: RLI, Dendreon, Motricity and More
RLI : Cramer said he likes Prudential Financial more.
Dendreon : While Dendreon is “very controversial,” Cramer said, he thinks investors should hold onto it because of the company’s “breakthrough medical technology” for prostate cancer.
Motricity : Insider selling of newly unlocked shares has put pressure of MOTR, but Cramer thinks the stock is a buy. “It has come down way too much,” he said.
Diana Shipping : Cramer can’t recommend DSX given the glut of ships flooding the industry. That oversupply is killing day rates.
Molycorp : MCP has enjoyed a big run, so Cramer recommended taking profits on half a position and then letting the rest ride.
NovaGold Resources : “I think it’s the best long-term play on gold in the world,” Cramer said.
KBR : Cramer likes the infrastructure business right now, but he thinks Fluor is the better play.
When this story published, Cramer’s charitable trust owned Fluor, NovaGold Resources and Prudential Financial.
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