Cramer Bearish On GOOG, MTW, PBI; Bullish On SQM, DPZ, BUCY, TIN, BZ, PCU, IP
Throwing cold water on yesterday’s rally in tech stocks, Jim Cramer expressed his view in the "Mad Money" show that Google (NASDAQ: GOOG) may have hit a speed bump after its standoff over cyber-attack issues in China. Jim believes that the overall impact of GOOG pulling out of China may be sizeable on the search giant’s share price, even if the contribution of the country to the company’s earnings comes out to be a few cents. Cramer mentions that GOOG’s loss in the Chinese market could translate into gains for Apple (NASDAQ: AAPL), as no competition for iPhone in China could be a boon for the company.
Cramer prefers only Chemical & Mining of Chile (NYSE: SQM) when it comes to investing in lithium stocks. He also turned positive on Domino's Pizza (NYSE: DPZ) as the company has once again begun to deliver. Cramer indicated that while DPZ trades at just nine times its earnings, rivals Papa John's (NASDAQ: PZZA) trades at 12 times and Pizza Hut trades at 13 times.
Cramer was bullish on Bucyrus International (NASDAQ: BUCY), Southern Peru Copper (NYSE: PCU), Boise (NYSE: BZ), Temple-Inland (NYSE: TIN) and International Paper (NYSE: IP). While BUCY’s shares have dropped 0.70% to $65.43 in today’s trading, PCU’s share price has slipped by 1.42% and IP’s shares declined by 1.84%. However, TINs’ shares rose 0.91% to $19.98.
Cramer was bearish, however, on Manitowoc (NYSE: MTW) and Pitney Bowes (NYSE: PBI).
