Mad Money Lightning Round: Cramer Thinks That Citigroup (C) Is A Buy (C, Q, ATPG, CVX, COP, NLY, PNG, PG)

On CNBC's Mad Money Lightning Round, Jim Cramer said that people are asking him what is going on with Citigroup C. He recommended it as a buy and the stock is still not doing that well. Cramer explained that Tim Geithner is selling the stock, and that is why it is not moving higher. He still thinks that investors should buy Citi (C), as it will be substantially higher this time next year. Citigroup Inc. C fell 0.97% today, and closed at $4.10. Qwest Communications International Inc. Q is a sell, thinks Cramer. Qwest Communications International Inc. (Q) fell 1.05% on Thursday. Cramer believes that ATP Oil & Gas Corporation ATPG is too speculative, and he thinks that Chevron Corporation CVX and ConocoPhillips COP are better picks. ATP Oil & Gas (ATPG) fell 4.54% today, while Chevron (CVX) and ConocoPhillips (COP) gained 0.06% and 0.49% respectively. Everyone hated the quarter that Annaly Capital Management, Inc. NLY posted, but Cramer urges investors to stick with this stock because it will bring you a big dividend yield. Annaly Capital Management (NLY) fell 1.95% today, and closed at $17.08. PAA Natural Gas Storage, L.P. PNG should be sold, believes Cramer. This stock is trading near its 52-week high. PAA Natural Gas (PNG) fell 2.40% on Thursday. Cramer likes The Procter & Gamble Company PG. This is the stock his charitable trust fund owns. The Procter & Gamble Company (PG) gained 0.52% today.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCLong IdeasJim CramerShort IdeasMediaTrading IdeasConsumer StaplesEnergyFinancialsHousehold ProductsIntegrated Oil & GasIntegrated Telecommunication ServicesJim Cramermad money Lightning RoundMortgage REIT'sOil & Gas Exploration & ProductionOther Diversified Financial ServicesTelecommunication Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!