Market Overview

Jim Cramer Gives His Opinion On Alcoa And Under Armour


On CNBC's Mad Money, Jim Cramer explained to his viewer that with a 1-for-3 stock split, Alcoa Inc (NYSE: AA) wants to make sure it stays above $5. He added that the S&P 500 has a strong tendency to eliminate from the index stocks below $5 and Alcoa wants to avoid that. He also said that he likes the company.

Cramer isn't concerned by the recent downgrade of Under Armour Inc (NYSE: UA). He believes it can cause a short-term hiccup for the stock, but he wants to take a long-term view. Cramer has faith in Under Armour's CEO, Kevin Plank.

Posted-In: CNBC Mad Money Jim CramerMedia


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