Cramer specifically mentioned Citigroup and Washington Mutual as stocks to schnitzel (Mad Money parlance for selling part of a position). The share price of both companies’ rose Tuesday on a rally led by Lehman Brothers $4 billion stock offering.
As for stocks that are working right now, Cramer recommended the gold sector and oil driller Nabors , which is “very, very right.”
Alcatel-Lucent CEO Patricia Russo, a member of Cramer’s CEO Hall of Shame, appeared earlier on “Street Signs,” but she stills not getting any love from Cramer.
“The company is nothing,” he said, citing problems with ALU’s technology.
“Sony Ericsson is equally challenged,” Cramer continued. “The only [stock] that I would have to buy in this group, if you put a gun to my head, is Nokia .”
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