Cramer told a viewer that he'll pass on
(MEA), a scrap metal recycling play. He said while the scrap metal business is strong, this under-$5 stock needs a catalyst and Cramer doesn't see one.
When asked about
Bank of Montreal
(BMO), Cramer said he's only recommending Canadian banks at the moment and Bank of Montreal is a good one. Cramer also liked
(GM), an Action Alerts PLUS name.
Cramer expressed concern over
(OPEN), saying this richly valued stock might be worth scaling out of as it goes higher. He was more optimistic on
(LLNW) and would hold onto shares of it and wait for a recovery.
Finally, when a
employee asked about owning stock in the company he works for, Cramer said only up to 20% of the viewer's portfolio should be in company stock.
Cramer was bullish on
(M - Get Report)
(FUN - Get Report)
SPDR Gold Shares
He was bearish on
(SIX - Get Report)
In his "No Huddle Offense" segment, Cramer opined on all of the misinformation surrounding the release of oil from the strategic petroleum reserve.
Cramer said he's heard comments that the move was intended to bust up OPEC, but that's simply ridiculous. He said this move was designed to break up another monopoly: speculators in the oil futures markets that have been artificially keeping prices high.
Cramer said governments have been spending trillions to stimulate their economies, only to be thwarted by high oil prices. He said it was the right move to break this trend and is in the international interest to keep prices low.
--Written by Scott Rutt in Washington, D.C.
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