Mad Money Lightning Round: Cramer Likes NKE (ARMH, CRUS, SNDK, CREE, SWKS, TEL, SAY, CTSH, TNH, POT, APC, SKX, NKE, DSW)
Benzinga 16 years ago
CNBCLong IdeasJim CramerShort IdeasMediaTrading Ideas
ARM Holdings plc (ADR) (NASDAQ: ARMH) is an Apple (NYSE: AAPL) play, said Jim Cramer on CNBC's Mad Money Lightning Round. He added that he likes all the Apple (AAPL) plays. Cramer thinks that ARM Holdings (ARMH) is a buy, and he also likes Cirrus Logic, Inc. (NASDAQ: CRUS). SanDisk Corporation (NASDAQ: SNDK) is also a buy at $42, just like Cree, Inc. (NASDAQ: CREE) at $60, and Skyworks Solutions, Inc. (NASDAQ: SWKS) at its current price.
Tyco Electronics Ltd. (NYSE: TEL) is not attractive enough for Cramer to recommend it as a buy. Tyco Electronics Ltd. (TEL) added 0.22% today, and closed at $26.81.
Cramer doesn't like Satyam Computer Services Limited(ADR) (NYSE: SAY), and he wants to buy Cognizant Technology Solutions Corp. (NASDAQ: CTSH) instead. Satyam (SAY) fell 0.21% today, while Cognizant Technology (CTSH) added 0.20%.
Terra Nitrogen Company, L.P. (NYSE: TNH) jumped on the Potash (NYSE: POT) bid, and Cramer thinks that it is time to take some of the table. Terra Nitrogen Company, L.P. (TNH) gained 1.73% today.
Cramer thinks that investors should stay away from Anadarko Petroleum Corporation (NYSE: APC), until its role in the Gulf of Mexico spill becomes explained. Anadarko Petroleum Corporation (APC) fell 1.58% today.
Skechers USA, Inc. (NYSE: SKX) is a buy here, and so is NIKE, Inc. (NYSE: NKE), thinks Cramer. He also likes DSW Inc. (NYSE: DSW) in the space.