"Mad Money Lightning Round:" Jim Says BMY Better Than PFE At The Moment
In his "Mad Money Lightning Round" on Monday, Jim Cramer said that Palm (NASDAQ: PALM) is no longer a trade as it is going to be acquired soon. He mentioned that traders should now be focused on Apple (NASDAQ: AAPL). Shares of AAPL lost 0.71% in pre-market trading.
Although Best Buy (NYSE: BBY) hiked its dividend last week, Jim thinks the market is extremely competitive. He warned traders to stay away from the stock as he cannot “see a bottom in this company.” BBY is down 0.96% in pre-market.
Jim likes the RedBox business of Coinstar (NASDAQ: CSTR). Although he finds Netflix (NASDAQ: NFLX) more attractive, he believes “there's room for both." While CSTR fell 0.57%, NFLX lost 0.22% in after hours.
When asked about NICE-Systems (NASDAQ: NICE), Jim said that while the company is good, it is “been hammered.” He advised traders to stock with the stock as the company’s earnings momentum is impressive. NICE fell 2.01% in yesterday’s trading.
On Pfizer (NYSE: PFE), Jim said that although the stock offers five-percent yield, there is a lack of earnings momentum. He mentioned that he would sell PFE and buy Bristol-Myers Squibb (NYSE: BMY) instead. While PFE fell 1.86% in pre-market trading, BMY added 0.39% in after hours.
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