Lightning Round: Biogen, E*TRADE, Citigroup and More

Biogen : It's down because people are gravitating toward conservative growth with names like Schering-Plough, Bristol-Myers and Merck, Cramer said. He thinks BIIB is actually doing relatively well, all things considered.

VMware : Go with EMC , Cramer said. It's a cheaper way to play VMW and it has other good businesses.

Intercontinental Exchange : The market is banging this stock up for no good reason. Cramer still likes it.

Foster Wheeler : In a volatile market, it's not surprising to see a $140 stock have huge upswings or downswings quickly. One big seller could send FWLT down $20, Cramer said. Is that a reason to stay away? He doesn't think so.
Sirius : The regulators' obsession over the XM - Sirius merger is "ridiculous," as far as Cramer is concerned. It will still get done, though, and SIRI should move higher when it does. Until then, Cramer would hang on to SIRI, calling it a "nice lottery ticket."

E*TRADE Financial : "One of the most toxic portfolios I've ever seen," Cramer said. "It's not coming back."

Deckers Outdoor : Like FWLT, Deckers can drop quickly because poeple see high dollar amount stocks to raise cash but it's still a good stock, Cramer said.

Citigroup : Cramer has faith that new CEO Vikram Pandit will do the right thing and break the company up. But it could still go down before it goes up. Citi is "ground zero for the pressure we are feeling right now," he said.

Jim's charitable trust owns Schering-Plough, EMC and Citigroup.

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