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Jim Cramer Advises His Viewers On Oclaro, Alaska Air And

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On CNBC's "Mad Money", Jim Cramer said he would stay away from Oclaro Inc (NASDAQ: OCLR). He explained that the stock missed earnings estimates and he wants to wait for three months, because this could be the first of many bad quarters.

Alaska Air Group, Inc. (NYSE: ALK) is not making the numbers it used to, said Cramer. He would rather own Southwest Airlines Co (NYSE: LUV). Inc. (NASDAQ: STMP) is a very difficult stock to value, because it has been a big short squeeze, said Cramer. He doesn't want to buy the stock.

Posted-In: CNBC Mad Money Jim CramerMedia


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