"Mad Money Lightning Round:" Jim Says Don’t Expect A Lot Of Upward Movement In IBM

In his "Mad Money Lightning Round" on Wednesday, Jim Cramer said that Exxon Mobil XOM overpaid for XTO Energy. He advised traders to sell the stock. When asked about Kansas City Southern KSU, Jim said that he will buy the stock only after the numbers come down. Jim said that Citigroup C has moved up a lot and people “will be disappointed with their earnings. There will be a better buying opportunity coming on Monday." When a trader asked about BP BP, Jim commented that there were “better opportunities out there." Cramer thinks that Research In Motion RIMM is a dead stock. Apple’s AAPL decision to enter the enterprise smartphone market, was “the death nail for RIMM," he said. Although Jim expected a good quarter from International Business Machines IBM, he cautioned traders against expecting “a lot of upward movement." On Frontier Communications FTR, Cramer said vehemently, "I'm not a buyer of anything Verizon VZ is selling.” He told investors that for yield, he prefers Windstream WIN and Vodafone Group VOD. Read more on Jim Cramer.