Cramer's 'Mad Money' Follow-Up: Altria
On Monday's "Mad Money" TV Show, Jim Cramer cautioned that there are not very many bank stocks that we can trust. He interviewed International Bancshares' (IBOC) - Get Report president, chairman and CEO, Dennis Nixon, who said the bank is committed to credit quality. International Bancshares accepted government TARP funds because it seemed like a "good deal" at the time, said Nixon, who indicated that the bank would rather not be associated with the program.
Cramer liked what he heard from Nixon, but he left it up to viewers whether they could trust International Bancshares or not.
On Tuesday, International Bancshares closed up 44 cents, or 6%, at $7.80.
Cramer said that people should still own gold, and he recommended
Agnico-Eagle Mines
(AEM) - Get Report
and
Eldorado Gold
(EGO) - Get Report
.
Agnico-Eagle Mines closed up 45 cents at $56.92 on Tuesday, and Eldorado was up 19 cents, or 2.2%, at $9.
In his
, Cramer said he was surprised that
lululemon
(LULU) - Get Report
had such a good quarter but advised waiting for a pullback before buying the stock.
Lululemon was up 38 cents, or 4.6%, at $8.66 at the close on Tuesday.
He said he liked
Altria
(MO) - Get Report
more than
Philip Morris
(PM) - Get Report
right now because of the weakening dollar.
On Tuesday, Altria closed down 36 cents, or 2.2%, at $16.02 while Philip Morris was down $1.15, or 3.1%, at $35.58.
He said that no one wants to give
KBR
(KBR) - Get Report
any credit, but he'd buy it at $13.
KBR was up 13 cents, or 1$, on Tuesday to close at $13.81.
At the time of publication, Cramer was long Altria.
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