Market Overview

Cramer Shares His Thoughts On Bank of America, Skechers And Anheuser Busch


On CNBC's Mad Money, Jim Cramer said that Bank of America Corp (NYSE: BAC) needs two interest rate hikes this year to trade higher. Without the rate hikes, the stock is not in a good shape and it could slip back to $13, added Cramer.

Skechers USA Inc (NYSE: SKX) has to post an exciting quarter to trade at multiples of Under Armour Inc (NYSE: UA) and Nike Inc (NYSE: NKE), thinks Cramer. The last quarter was not exciting.

Cramer believes that Anheuser Busch Inbev SA (ADR) (NYSE: BUD) is the best stock in the sector for people who need income stream. He recommended Constellation Brands, Inc. (NYSE: STZ) for people who need growth.


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Posted-In: CNBC Mad Money Jim CramerMedia