Mad Money Lightning Round OT: Cramer Thinks That MHR Is A Buy (MHR, VHC, EGP, ETP)
On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Magnum Hunter Resources Corp (NYSE: MHR) is a buy. It has a great property, added Cramer. Magnum Hunter Resources Corp (MHR) fell 4.75% today, and it closed at $8.02.
VirnetX Holding Corporation (AMEX: VHC) is one of the biggest short squeezes ever, thinks Cramer. But he doesn't like short squeezes, and it is time to ring the register, said Jim Cramer. VirnetX Holding Corporation (VHC) fell 7.17% in the regular session, and it dropped 1.65% in the after hours.
Cramer can't recommend REITs as a buy at this moment, because they are yielding less than 5%. Instead of buying EastGroup Properties Inc. (NYSE: EGP), he would buy Energy Transfer Partners, L.P. (NYSE: ETP). EastGroup Properties (EGP) gained 0.12% today, while Energy Transfer Partners, L.P. (NYSE: ETP) fell 0.47%.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.