Jim Cramer's Lightning Round OT Comments (SNV, MDVN, RF, FHN, HBAN, BBT)
CNBC Mad Money's Jim Cramer said in the segment of his show called Lightning Round OT that Synovus Financial Corp. (NYSE: SNV) could be a home run. Cramer visited a presentation about this company at Citigroup (NYSE: C), and he likes what he heard there. Synovus (SNV) has to do some refinancing, thinks Cramer. The bonds will have to move first and if some exchange occurs we will get a bull call on this stock. Cramer continued by saying that Synovus (SNV) ran too much this week, but under $3 it is a potential home run. SNV gained 3.16% today and closed at $3.26.
After a fiasco with a Pfizer's (NYSE: PFE) Alzheimer drug, Cramer is not sure how to value Medivation, Inc. (NASDAQ: MDVN). He believes that the sell-off was right and investors should not buy Medivation (MDVN). MDVN fell 0.39% today and closed at $12.82.
Regions Financial Corporation (NYSE: RF) is good and it is not out of steam, thinks Cramer. He added that Regions Financial (RF) is not as good as First Horizon National Corporation (NYSE: FHN) or Huntington Bancshares Incorporated (NASDAQ: HBAN). BB&T Corporation (NYSE: BBT) is the best stock in the sector. Regions Financial (RF) fell 0.54% today, First Horizon (FHN) lost 1.47%, Huntington (HBAN) added 1.30%, while BB&T Corporation (BBT) gained 0.92%.
