Mad Money Lightning Round: Cramer Says It's Time To Buy Apple, BNI
In his “Mad Money Lightning Round," Cramer said that Apple’s (NASDAQ: AAPL) stock has pulled back, following an uptrend before the launch of the iPad. It is time now to buy the stock. After climbing 1.39% yesterday, AAPL’s shares gained 0.20% in pre-market trading.
Jim expressed his dislike for Brocade Communications (NASDAQ: BRCD) and said that there are better plays such as Cisco Systems (NASDAQ: CSCO) in the market. While BRCD lost 3.35% yesterday, CSCO gained 1.16%.
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When asked about Dryships (NASDAQ: DRYS), he said that he does not focus much on the balance sheet and thinks that Diana Shipping (NYSE: DSX) is a much better play. While DRYS added 4.55% yesterday, DSX’s shares moved up 6.49%.
Jim expressed apprehension about Freeport-McMoRan (NYSE: FCX) as its charts are scary. He advises investors to invest in Southern Peru Copper (NYSE: PCU) instead. While FCX climbed 7.35% yesterday, PCU jumped 7.21%.
The latest patent settlement by Boston Scientific (NYSE: BSX) makes Jim think it is not a good investment at the moment. BSX lost 2.43% yesterday.
Jim said that owning Buffet's Burlington Northern Santa Fe (NYSE: BNI) stock is a great idea. BNI gained 0.11% in yesterday’s trading.
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