In his "Mad Money Lightning Round" on Monday, Jim Cramer said that Palm
PALM is no longer a trade as it is going to be acquired soon. He mentioned that traders should now be focused on Apple
AAPL. Shares of AAPL lost 0.71% in pre-market trading.
Although Best Buy
hiked its dividend last week, Jim thinks the market is extremely competitive. He warned traders to stay away from the stock as he cannot “see a bottom in this company.” BBY is down 0.96% in pre-market.
Jim likes the RedBox business of Coinstar
CSTR. Although he finds Netflix
more attractive, he believes “there's room for both." While CSTR fell 0.57%, NFLX lost 0.22% in after hours.
When asked about NICE-Systems
NICE, Jim said that while the company is good, it is “been hammered.” He advised traders to stock with the stock as the company’s earnings momentum is impressive. NICE fell 2.01% in yesterday’s trading.
On Pfizer
PFE, Jim said that although the stock offers five-percent yield, there is a lack of earnings momentum. He mentioned that he would sell PFE and buy Bristol-Myers Squibb
BMY instead. While PFE fell 1.86% in pre-market trading, BMY added 0.39% in after hours.
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AAPLApple Inc
$201.190.09%
Edge Rankings
Momentum
24.07
Growth
32.21
Quality
75.10
Value
9.37
Price Trend
Short
Medium
Long
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