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Jim Cramer's Mad Dash: SanDisk Is Going Down as Dresser-Rand Pops

Stocks in this article: SNDKDRCNOV

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, wanted to discuss the two big movers in Thursday's trading session. 

SanDisk (SNDK) "is going to be down very badly today," he reasoned, despite beating on top and bottom line estimates.

The company's conference call is not going well, as management is telling shareholders that pricing is "not holding up." 

Turning to Dresser-Rand Group (DRC), shares are moving higher following a report suggesting that Siemens wants to acquire it. 

"The energy revolution continues," Cramer said, adding that Dresser-Rand is a great company. 

He added that National Oilwell Varco (NOV) seems unlikely to bid for Dresser-Rand, but he also likes the former, calling NOV "by far the cheapest" stock of its peers. 

Shares of Sandisk are down 12%, while shares of Dresser-Rand Group are up 14%. 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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