Lightning Round OT: CSX, Bristol-Myers, Transocean and More

CSX : CSX looks to be “in pretty good shape,” Cramer said. But while he likes the stock at $28, he wants some quality time with CEO Michael Ward before he gives CSX his full endorsement.

Transocean : RIG is a buy under $60, but not before then, Cramer said. He recommended waiting until $57-$58. Schlumberger under $37 would be an equal trade.

Akami Technologies : Go with Cisco Systems instead, Cramer said. CSCO at $15-$17 is better than mid-teens Akami.

Bristol-Myers Squibb : “I think Bristol-Myers is a buy, buy, buy right here – absolutely.”

Cramer's charitable trust owns Cisco Systems.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?