Mad Money Lightning Round: Cramer Favors GOOG, WMT, INTC, S, ERTS; Shows Dislike For AMD, SLM, PCS, GME
In his "Mad Money Lightning Round," Jim Cramer said that he had reduced the target price for GOOG just because of the China issue. However, all the growth metrics are there in GOOG and that he would buy a little at this time. GOOG lost 3.21% to $564.27 in pre-market trading.
Jim expressed his liking for Wal-Mart (NYSE: WMT), a retail stock. He said its time to sell Advanced Micro Devices (NYSE: AMD) and move into Intel (NASDAQ: INTC). He has also turned against Sallie Mae (NYSE: SLM), which had been his speculative stock of the year. While WMT has gained 0.25%, SLM has lost 3.39% in after hours trading. Meanwhile, AMD has slipped by 5.23% and INTC has gained 1.97% in pre-market trading.
Cramer said that he would rather own Sprint Nextel (NYSE; S) than MetroPCS Communications (NYSE: PCS). S lost 2.54% and PCS slipped 4.01% in yesterday’s trading.
Cramer said that people prefer to play games online rather than go to the stores for them, which makes Electronic Arts (NASDAQ: ERTS) a better buy than Gamestop (NYSE: GME). ERTS has gained 0.86%, while GME lost 0.10% in after hours trading.
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