Cramer said Chipotle is back and he's a believer.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Doing Your Homework
In his "Homework" segment, Cramre followed up on a few stocks that stumped him during earlier shows. He said that
(CSIQ), with its 300% move so far this year, is too risky and it's time to take profits and move on. He was more bullish on
(XRX), however, as that company is moving into higher-margin businesses.
Cramer also opined on
by saying that this is not his favorite bank and he much prefers
, an Action Alerts PLUS holding.
When asked about
, Cramer said he'd consider owning the stock for another 20% move higher as the stock did nothing when it reported a weak quarter recently. He was bearish on
, saying that he's not a fan of all the refiners.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer offered a memo to Michael Dell and Carl Icahn, telling both of them that
(DELL - Get Report)
is worth, at best, $9 a share, the level at which the bidding war began.
Cramer said it's no secret that PCs, Dell's bread and butter, are in decline and there are no new chips to fuel a major upgrade cycle. Meanwhile, Apple continues to dominate the high end, while companies like
chip away at the low end. And let's not forget the resurgent
, which can afford to give away PCs to reassert itself in the marketplace.
For all these reasons, Cramer said Dell is just not worth its current $13 a share valuation.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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