Market Overview

Mad Money Lightning Round: Cramer Advises Investors To Take Profits In VirnetX

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that VirnetX (AMEX: VHC) is an “exceptional growth company but it's moved too much. I think you should take profits in it."

For NII Holdings (NASDAQ: NIHD), he said, "I like Latin America but I don't like telco unless they have yield. I like Verizon (NYSE: VZ) and AT&T (NYSE: T)."

Cramer said that Colfax (NYSE: CFX) “has had a big run. I'd take some profits and let the rest run."

For Frontier Communications (NYSE: FTR), he said, "Right now a dividend cut is baked in. I'd wait for a bounce, then sell."

For Akamai Technologies (NASDAQ: AKAM), Jim said, "Monster move after their last quarter. I think you need to take it off the table."

Read more on Jim's Views On Benzinga

Tags: Jim Cramer, mad money Lightning Round

Posted in: CNBC, Jim Cramer, Pre-Market Outlook, Media, Trading Ideas

 

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