Market Overview

Mad Money Lightning Round Recap (SKX, CUB, CHK, VMW)

On CNBC's Mad Money Lightning Round, Jim Cramer said that he still believes in the shoe bull market. He thinks that Skechers USA, Inc. (NYSE: SKX) is still a buy, because it is an inexpensive stock that has a good story. Skechers USA, Inc. (SKX) fell 5.40% on Friday, and it closed at $32,09.

Cramer has always liked Cubic Corporation (NYSE: CUB). He thinks that it is a good defensive stock. Cubic (CUB) fell 4.59% on Friday.

Chesapeake Energy Corporation (NYSE: CHK) fell because natural gas went down, explained Cramer. He thinks that Chesapeake Energy Corporation (CHK) is still a good investment. CHK fell 2.66% on Friday.

VMware, Inc. (NYSE: VMW) was on fire because of the cloud computing. Cramer explained that when stocks trade this high they tend to get hammered, and when that happens we should not buy until we see the signs that they settled. VMW dropped 3.14% on Friday.

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Posted-In: Jim Cramer mad money Lightning RoundCNBC Long Ideas Jim Cramer Short Ideas Media Trading Ideas

 

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