Lightning Round: Bank of America, Clean Energy Fuels, Novagold Resources and More
Bank of America : “Bank of America is a dead stock," Cramer said. He does not see a catalyst ahead, and can't recommend buying BAC at this time. Cramer said his charitable trust owns a small position because he thinks Bank of America could be big next year.
Clean Energy Fuels : This natural gas name will one day come into its own, Cramer said. He believes there will be a chain of nat gas stations across this country someday, but it needs help from the government. That help, he said, is not on the immediate future. Therefore, he can't recommend buying it at this time.
Mercer International : Cramer likes MERC, and believes it is inexpensive.
Limited Brands : LTD is up there with Cramer retail faves Bed Bath & Beyond , TJX Companies , Costco Wholesale and Ross Stores . However, Cramer said now is the time to play with the house's money. If you own LTD, take out any cash you put in and let it run, he said. He believes this stock is going up to $50 share.
Southern Copper : Copper is Cramer's one worry in the Chinese market right now, he said, and he can't recommend it. While he likes SCCO on a valuation basis, he does not think it can go any higher.
Novagold Resources : All the gold companies are going down, Cramer said. NG's stock is overdone to the downside, and it could continue to get overdone. He believes in the story over the next five to seven years. If the stock goes below $10 a share, he would buy.
When this story was published, Cramer's charitable trust owned Bank of America and Novagold Resources.
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