Cramer's Take On Wal-Mart Stores And Cheniere Energy

Jim Cramer said on CNBC's Mad Money that it is good that Wal-Mart Stores, Inc. WMT decided to close some stores. So far, the company has just been adding new stores, without a clear strategic plan. He likes the divided yield that the company has been paying and he believes that it is safe. Long-term investors can open a quarter of a position on Thursday, thinks Cramer. He doesn't believe that the stock is going to revisit low $50s.

Cramer lost faith in Cheniere Energy, Inc. LNG when Charif Souki had to leave the company. He also believes that the LNG market is a very crowded area and he is not a fan of the stock any more.