Mad Money Lightning Round OT: Cramer Still Believes In WFT (RMBS, INTC, PWR, PIR, WFT)
Jim Cramer said on CNBC's Mad Money that Intel (NASDAQ: INTC) is a much better investment than Rambus Inc.(NASDAQ: RMBS). He explained that Intel (INTC) had a great quarter with revenue growth and lots of projects, but the stock didn't go up. You can get Intel (INTC) for the price it traded before earnings, and there is no reason to buy Rambus (RMBS). Rambus Inc. (RMBS) fell 4.03% on Friday, and Intel (INTC) dropped 2.28%.
Cramer believes in Quanta Services, Inc. (NYSE: PWR). He said that if you want to invest in alternative energy, you have to take a look at Quanta Services, Inc. (PWR). Quanta Services, Inc. (PWR) dropped 4.65% on Friday.
Pier 1 Imports, Inc. (NYSE: PIR) had a good quarter and the stock reacted positively, but then it got hammered after a bad consumer confidence report. Cramer thinks that this company will become a winner again, and he is not worried by the poor performance in the last month. Pier 1 Imports, Inc. (PIR) fell 7.36% on Friday.
Cramer owns Weatherford International Ltd. (NYSE: WFT) for his charitable trust fund. This stock is killing us, said Cramer. WFT is struggling lately, but Cramer still thinks it is a buy. Weatherford International Ltd. (WFT) dropped 2.09% on Friday.
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