Jim Cramer's Mad Money Lightning Round July 23rd
Symantec (SYMC): "Can't recommend it, frankly." Cramer said to swap out of Symantec and into Oracle (ORCL).
Reliance Steel (RS): "Everybody's decided that all the steel stocks have to be SoldSoldSold. ... What Cramer's telling you is to pull the trigger on this weakness after that great quarter. Pretty simple."
Hercules Offshore (HERO): "The reason that it's not kept pace with the group is that it's shallow drilling. ... I cannot get behind that one." Cramer recommended instead deepwater drillers Transocean (RIG) and GlobalSantaFe (GSF).
"Goldman Sachs (GS) is challenged not as a company. ... I'm staying pat with Goldman Sachs for Action Alerts PLUS, my charitable trust." For dividend-paying stocks, Cramer recommended the following: the dry-bulk carriers; Consolidated Edison (ED), for a conservative dividend play; Altria (MO), for more risk; and AT&T (T), on a pullback. He also owns Altria for Action Alerts PLUS.
Flotek Industries (FTK): "I think Flotek is one of the kind of stocks ... that fits into my RIG and GlobalSantaFe thesis. ... This group is so in bull market mode, it is taking up everything!"
Brookfield Asset Management (BAM): "People have been dissin' it," Cramer said, but it depends on your time frame. CEO J. Bruce Flatt "is a great, great investor, and BAM ... should be bought here. I think people dissin' BAM are gonna have to face the music."
AT&T (T): "Reports this week, and I'm not concerned about the quarter." Cramer said that with a buyback or a dividend boost, "this stock goes to $42." But otherwise, he said, it stays where it is. "It's just not that exciting."
Valmont Industries (VMI): "I have been talking about this bull market in lighting, and it's really working here." Cramer said Valmont is at the crux of the agriculture, industrial and infrastructure bull markets. "It's a winner. I would stick with Valmont."
Published By TheStreet.com
Reliance Steel (RS): "Everybody's decided that all the steel stocks have to be SoldSoldSold. ... What Cramer's telling you is to pull the trigger on this weakness after that great quarter. Pretty simple."
Hercules Offshore (HERO): "The reason that it's not kept pace with the group is that it's shallow drilling. ... I cannot get behind that one." Cramer recommended instead deepwater drillers Transocean (RIG) and GlobalSantaFe (GSF).
"Goldman Sachs (GS) is challenged not as a company. ... I'm staying pat with Goldman Sachs for Action Alerts PLUS, my charitable trust." For dividend-paying stocks, Cramer recommended the following: the dry-bulk carriers; Consolidated Edison (ED), for a conservative dividend play; Altria (MO), for more risk; and AT&T (T), on a pullback. He also owns Altria for Action Alerts PLUS.
Flotek Industries (FTK): "I think Flotek is one of the kind of stocks ... that fits into my RIG and GlobalSantaFe thesis. ... This group is so in bull market mode, it is taking up everything!"
Brookfield Asset Management (BAM): "People have been dissin' it," Cramer said, but it depends on your time frame. CEO J. Bruce Flatt "is a great, great investor, and BAM ... should be bought here. I think people dissin' BAM are gonna have to face the music."
AT&T (T): "Reports this week, and I'm not concerned about the quarter." Cramer said that with a buyback or a dividend boost, "this stock goes to $42." But otherwise, he said, it stays where it is. "It's just not that exciting."
Valmont Industries (VMI): "I have been talking about this bull market in lighting, and it's really working here." Cramer said Valmont is at the crux of the agriculture, industrial and infrastructure bull markets. "It's a winner. I would stick with Valmont."
Published By TheStreet.com
Labels: BAM, ED, FTK, GS, GSF, HERO, Jim Cramer, Lightning Round, Mad Money, MO, ORCL, RIG, RS, SYMC, T, VMI
posted by Stock Administrator @ 9:46 AM
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