(NICE - Get Report)
reported a "beautiful" quarter Wednesday, but investors were hoping for more upside guidance. He said investors were using the "disappointment" as an excuse to take profits. However, he sees nothing wrong with the fundamentals and wants to own the stock.
A caller asked if one should be wary of
(ZUMZ - Get Report)
, which announced an expanded secondary offering Wednesday that included sales of shares by insiders. Cramer said he would normally be perturbed by the situation but that he checked with some of his institutional sources, and they are not concerned, he said. Cramer believes the offering will be easily absorbed at the price of $35.60 and that the stock is now headed higher.
Cramer believes copper prices have peaked, and therefore the stock of
has peaked. The one copper stock Cramer still likes is
because he likes the Peruvian copper market.
(CHK - Get Report)
, Cramer said the stock is a hold. He would take a hard look at Chesapeake if it fell to about $25, he said. Chesapeake traded at $27 late Thursday.
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is going to "break out to the $40s." The stock was at $38.55 in late Thursday trading.
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, a stock Cramer recommended on his "Mad Money" TV show Wednesday, Cramer said the stock opened Thursday at about the price where he thought it would go over several days. Don't chase it, he said.
Finally, Cramer said because he believes the selloff in oil is not over, chemical companies such as
(DOW - Get Report)
(DD - Get Report)
(PPG - Get Report)
are going higher.