Lightning Round: JPMorgan Chase, Freeport-McMoRan and More

American Tower : Cramer likes AMT as a play on much-needed infrastructure for the mobile Web. He told viewers to buy the stock as the market pulls it, like all stocks these days, down.

JPMorgan Chase : Cramer predicted JPM could go as low as $33-$35, but “I would just want to buy more.” He said the decline in the stock represents “great value.”

Freeport-McMoRan : Sell FCX, Cramer said, even though he likes the company. Whether it’s the exposure to a slowing China or the stock’s big run, he can’t get behind Freeport right now.

Cramer’s charitable trust owns JPMorgan Chase.

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