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
, 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
, 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
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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