Lightning Round OT: Omnivision Technology, Nike and More
Omnivision Technology : Though the stock has a “bad-looking chart” and “the bears are all over it,” Cramer said, he’s still bullish on OTVI because it does business with Apple.
Clean Energy Fuels : “Clean Energy cannot rally,” Cramer said, without support for natural gas from the federal government. And that doesn’t seem to be happening right now. He said the stock could go lower without that support, so investors may want to pass on CLNE for now.
Seagate Technology : Cramer thinks Seagate’s disk drives are in secular decline. Investors are better off with Micron Technology, he said, because it’s making the switch to Flash memory and has a contract with Apple.
Nike : Hold on to Nike, Cramer said. He likes the stock for the long term.
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