Jim Cramer Sees Priceline as a Buy on the Dip, Also Likes Weyerhaeuser

Jim Cramer, TheStreet's portfolio manager of Action Alerts PLUS and host of CNBC's 'Mad Money,' said Monday Priceline's (PCLN) a buy on the dip.
By Jim Cramer ,

Jim Cramer, TheStreet's portfolio manager of Action Alerts PLUS and host of CNBC's "Mad Money," said to buy Priceline (PCLN) on the dip Monday. Priceline gave a weaker-than-expected forecast for the fourth quarter, but did report a strong third quarter. Cramer said Priceline typically guides lower and there's nothing wrong with the company.

Cramer was asked about the big merger between Weyerhaeuser (WY) - Get Report and Plum Creek Timber (PCL) . He said it was a brilliant move and investors should buy Weyerhaeuser. Two viewers asked about stock of Apple (AAPL) - Get Report , including whether the company will hold up with higher interest rates ahead. Cramer said, Apple will do better in a rising rate environment because it has a big cash position. But Cramer doesn't see the stock trading at premium multiple to the market because investors are too focused on only the iPhone business, not taking into account other products that could drive revenue in the future.

Cramer was asked for his thoughts on Alcoa (AA) - Get Report , and he responded that while he likes the company's recently announced plans to split, the problem for Alcoa is that it sells aluminum. Cramer said investors don't want to hold metals companies because of concerns about a slowdown in China, which is also impacting stocks like BHP (BHP) - Get Report , Vale (VALE) - Get Report  and Freeport-McMoRan (FCX) - Get Report .

Another viewer asked about Barrick Gold (ABX) and Goldcorp (GG) . Cramer said it you want a gold stock, buy Randgold Resources (GOLD) - Get Report  or the SPDR Gold Shares ETF (GLD) - Get Report .

A viewer asked if she should sell her Sanofi (SNY) - Get Report stock, which has been going down. Cramer said she should buy Regeneron (REGN) - Get Report instead. Finally, Cramer was asked whether Activision (ATVI) - Get Report is a good buy heading into the holiday. Cramer pointed out that he's liked that stock the whole way up.

Cramer answered viewers' social media questions during a daily segment with TheStreetTV. He's on Facebook and you may find him on Twitter (TWTR) - Get Report @JimCramer. Send questions with the hastag CramerQ.

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