Lightening Round: NKE, GILD, V, CSCO Rock

Posted on 02/09/10 at 9:18am by Monica Gerson

In his “Lightening Round,” Jim Cramer said that Nike (NYSE: NKE) is extremely cheap and should be bought now. NKE fell 0.65% to close at $61.30 yesterday.

Jim believes that SPDR Gold Trust (NYSE: GLD) is a better investment than Silver Standard Resources (NASDAQ: SSRI) as he is unsure of the future of silver. GLD lost 0.61% to close at $104.04 yesterday only to gain 0.65% to $104.72 in pre-market trading. Meanwhile, SSRI slipped 4.59% to close at $17.27.

As Gilead Sciences (NASDAQ: GILD) surprised on an upside during the previous quarter, Jim considers it a buy at present. GILD closed the day yesterday at $46.09, after losing 0.63%.

Jim reminded his viewers that Visa (NYSE: V) and Cisco Systems (NASDAQ: CSCO) had the most impressive numbers in the most recent quarter, making them an attractive investment. While V gained 0.59%, CSCO lost 0.85% in yesterday’s trading.

Jim commented that although Church & Dwight (NYSE: CHD) is a good company in the current environment, he prefers Colgate-Palmolive (NYSE: CL) and Clorox (NYSE: CLX). CHD lost 0.64% and CL shed 0.21% in yesterday’s trade.

For Potash Corp. of Saskatchewan (NYSE: POT), Jim said that it can move up or down suddenly. However, the possibility of the stock moving up in the near future is remote. After losing 1.90% in yesterday’s trade, POT gained 1.45% in pre-market trading.