Mad Money Lightning Round OT Recap (AVAV, ARLP, PBT)
Jim Cramer said on CNBC's Mad Money Lightning Round OT that he doesn't like the defense stocks in general, and he wants to sell AeroVironment, Inc. (NASDAQ: AVAV). He is worried that the defense budget will be cut. AeroVironment (AVAV) gained 0.13% today.
Cramer thinks that Alliance Resource Partners, L.P. (NASDAQ: ARLP) has a nice dividend. He doesn't like the coal industry, but if he was looking to buy a stock in that space, he would buy Alliance Resource Partners, L.P. (ARLP). Alliance Resource Partners, L.P. (ARLP) fell 2.79% today.
Permian Basin Royalty Trust (NYSE: PBT) is a great stock with a dividend yield of 7%, said Cramer. This stock is also near its 52 week high, and Cramer expects a slight pullback. He suggested investors to wait for the pullback before they buy Permian Basin Royalty Trust (PBT). Permian Basin Royalty Trust (PBT) gained 0.10% today.
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