Mad Money

Cramer's lightning round: IBM's downgrade makes no sense

Key Points
  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

First Horizon National Corp.: "This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don't. I think they're wrong. [CEO] Bryan Jordan understands."

HollyFrontier Corp.: "I'm not going to disagree with you. I think it is a value play, as long as you accept that. I do like Valero more than HFC, but I definitely understand why you want to buy a stock that's down and out."

Chevron: "Well that is the best one. If you're going to be in one of those big internationals other than BP – BP's got a 6%, this one's got a 4% yield. [CEO] Mike Wirth is a thinking person. I think he's doing a good job, but again: he is fighting the tide of one of the great bear markets in history."

International Business Machines: "I've got to tell you, IBM [is] problematic. Downgraded this morning from a buy to hold. I've got to find out more about that, didn't make any sense to me."

Cramer's lightning round: IBM's downgrade makes no sense
Cramer's lightning round: IBM's downgrade makes no sense

Disclosure: Cramer's charitable trust owns shares of BP.


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