Cramer told a viewer to not pay attention to the West Texas Intermediate crude prices as they do not reflect the true price of oil. Cramer told a second viewer to be weary of
(OII), as deep-water drilling has not yet been fully blessed by Washington.
When asked about
(STI), Cramer said the banks remain dicey as Washington continues to attack them. Cramer did give the nod to
(M) when asked about this retailer. He said when gas prices go up, the markets sell retail, but stick with Macy's.
Finally, when asked about making money with eBooks, Cramer said he likes Apple and
(AMZN). However, he said all high-multiple stocks get hammered after earnings, so wait for the pullback before buying.
Cramer was bullish on
(IBKR - Get Report)
(IDCC - Get Report)
Buffalo Wild Wings
(BWLD - Get Report)
First Niagara Financial
He was bearish on
Chipotle Mexican Grill
Hudson City Bancorp
High on Gold
In his "No Huddle Offense" segment, Cramer once again recommended investors own some gold. He reiterated that gold has outperformed all other asset classes and he's bullish on gold bullion, the
SPDR Gold Shares
ETF and on gold miners such as
Cramer said he's not a fan of gold coins, as they include too high of a markup.
--Written by Scott Rutt in Washington, D.C.
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