Goldman Sachs made a “fantastic downgrade” of Best Buy, Cramer said Monday.
The Goldman analyst expects Best Buy to be squeezed at the bottom end by Wal-Mart and the top end by Amazon.com . Cramer called the research report a “smart, smart piece.”
“I agree that the stock should be down a couple,” the Mad Money host said of BBY.
Goldman Sachs also recommended Wynn Resorts , a stock that Cramer had recently endorsed.
One casino he won’t get behind, though, is Las Vegas Sands . He visited the company’s newest location Bethlehem, Pa., and said it was largely empty, contained only slot machines and even Emeril Lagasse’s restaurant was closed.
“If that is representative of LVS’ expansion plans,” Cramer said, “I want to sell it.”
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