Sell Block
In the show's "Sell Block" segment, Cramer told viewers he's putting homebuilders on the block. He advised people sell WCI Communities (WCI Quote), even though the stock hasn't done anything since he recommended it. Right now, Cramer said, he's "adamant homebuilders can't be owned." In addition, he said he's concerned about real estate investment trusts and suggested market players sell Simon Property Group (SPG Quote). It's also time to sell Hologic (HOLX Quote), Cramer said, because of recent reports that question the company's products. Moving on to the rails, he advised swapping out of Norfolk Southern (NSC Quote) and buying Union Pacific (UNP Quote), which he owns for his charitable trust, and which he said he likes more than Norfolk Southern. Further, Cramer recommended selling Greenbrier Companies (GBX Quote) and also reiterated his sell on Coldwater Creek (CWTR Quote), even though he said it looks like it's starting to come back. Although some of the semiconductor-equipment companies are being upgraded, Cramer believes they shouldn't be, and he told viewers to stay away from the group. Moreover, Cramer said he believes Gilead Sciences (GILD Quote) is now too expensive against Celgene (CELG Quote) and advised investors to swap from the former to the latter.- Loading Comments...
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