Mad Money Lightning Round: Jim Says AVAV, UIS, KIRK Not Hot Any More
In his "Mad Money Lightning Round," Jim Cramer said that Annaly Mortgage (NYSE: NLY) is good until the Fed starts raising rates too quickly, which is not going to happen. NLY has lost 0.11%.
Jim said that JPMorgan Chase (NYSE: JPM) has the best balance sheet and dividend in the industry. He believes that JPM will touch $50. JPM has lost 2.57% since morning.
When asked about Kirkland's (NASDAQ: KIRK), Cramer said that the retailing sector is too hot to handle at present as it has had a good run. He prefers Home Depot (NYSE: HD) if he has to choose some home retailing industry. While KIRK has slipped 2.16%, HD has lost 0.99%.
Jim said that AeroVironment (NASDAQ: AVAV) is no longer a hot stock and he would want to rather stay away from this stock. AVAV’s shares have slipped 2.74%.
As Intuit (NASDAQ: INTU) has moved up too much, Jim advises investors to sell the stock. INTU has lost 0.68%.
Jim believes that Amazon.com (NASDAQ: AMZN) is a winner and would touch heights like Apple (NASDAQ: AAPL). While AMZN dipped 2.94%, AAPL lost 1.36% since morning.
As Unisys Corp (NYSE: UIS) has been a takeover target for such a long time, Jim does not want to buy the stock. He discloses that he owns Intel (NASDAQ: INTC) and Cisco Systems (NASDAQ: CSCO) and does not require to own Unisys. While UIS has slipped 1.91%, CSCO is down 1.07%.
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