"Mad Money Lightning Round:" Jim Says It Is Sell Time For RIMM
In his "Mad Money Lightning Round" on Friday, Jim Cramer said that Research In Motion (NASDAQ: RIMM) is “worse than dead money.” He would sell the stock the minute the price appreciates. After falling 10.84% on Friday, RIMM gained 1.00% in pre-market trading.
When asked about Flagstar Bancorp (NYSE: FBC), Jim said that there are several big banking stocks that are trading very low and advised traders to go for PNC Financial Services (NYSE: PNC). He commented that he liked FirstMerit (NASDAQ: FMER) but can’t recommend it as it has jumped. PNC added 0.48% in after hours.
Jim believed that dividend offered by American Capital Agency (NASDAQ: AGNC) is a warning sign. He advised investors to sell the stock. AGNC moved up 0.10% in after hours trading.
Cramer is enamored by Northwestern (NYSE: NWE), which he considers as one of his favorite stocks in the pipeline sector. “I think it's a winner," he added. NWE lost 0.11% on Friday.
Halliburton (NYSE: HAL) is getting a beating due to oil spill in the Gulf, Jim said. He believed that HAL is not involved in the oil spill and will eventually “be a good one.” He stoically recommended the stock. HAL advanced 0.80% in the pre-market trading session.
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