Cramer's 'Mad Money' Follow-Up: Airgas
On Wednesday's episode of "Mad Money," Jim Cramer spoke with Airgas (ARG) CEO Peter McCausland. In October, Cramer named Airgas a sell, but he said he was wrong, since the stock was up 37% since.
Cramer said last night that he's "sticking" with McCausland. On Thursday, Airgas closed down 25 cents to $42.72.
Cramer's Wednesday "Tech Spec" picks was
Cadence Design Systems
(CDNS) - Get Cadence Design Systems, Inc. Report
, which he said could follow
Taiwan Semiconductor's
(TSM) - Get Taiwan Semiconductor Manufacturing Co. Ltd. Report
27% rise since he'd last recommended that stock.
Cramer said Cadence doesn't have much competition in its business of making tools that help create smaller, faster microchips. He said its management made big mistakes in 2008, but that's all in the past, and the company has a new chairman and CFO who's been buying shares.
On Thursday, Cadence added 28 cents, or 5%, to close at $5.88. Taiwan Semiconductor gave up 66 cents, or 6%, to close at $10.39.
In the
, Cramer he would buy
Waste Management
( WMI). He liked the stock's 4% dividend.
TheStreet Recommends
Waste Management closed down 30 cents, or 1.1%, at $26.65 on Thursday.
Cramer also said that
DryShips
(DRYS) - Get DryShips Inc. Report
is a speculative play in its group. He recommended
Frontline
(FRO) - Get Frontline Ltd. Report
and
Nordic American Tanker
(NAT) - Get Nordic American Tankers Limited Report
instead.
On Thursday, DryShips closed down 66 cents, or 6.2%, at $10.04. Frontline dropped 90 cents, or 3.7%, to $23.73, while Nordic American Tanker was down 50 cents, or 1.4%, to $36.22.
At the time of publication, Cramer had no positions in stocks mentioned.
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