Cramer's 'Mad Money' Follow-Up: TAP
Jim Cramer recommended Molson Coors (TAP Quote) but didn't like the outlook for ManTech (MANT Quote) on his "Mad Money" show Thursday night. Both companies traded higher Friday.
On Friday, shares of Molson Coors closed higher, up $0.46, or 1.46% to $34.10. Shares of ManTech closed higher too, up $0.02, or 0.05% to $43.98. Cramer interviewed Peter Swinburn, president and CEO of brewer Molson Coors, to find out how the beer company is managing the difficult economic climate. Swinburn characterized the company's business as "surprisingly resilient." Calling Molson Coors one of the few Obama-resistant companies left, Cramer recommended the stock.
In the following weeks, shares of ManTech rallied back, but on light volume, only to get hit with another round of selling. This time, however, the stock plunged below its key 10-week and 40-week moving averages, clearly showing that the big guns were getting out.
Cramer said the fundamentals at ManTech were also signaling trouble and the company has a two-tier stock structure, which is another red flag that he avoids at all costs.
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