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In his "Mad Money Lightning Round" on Friday, Jim Cramer said that Research In Motion
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
FBC, Jim said that there are several big banking stocks that are trading very low and advised traders to go for PNC Financial Services
PNC. He commented that he liked FirstMerit
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
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
NWELoading...
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, 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
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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