Cramer's 'Mad Money' Follow-Up: Freeport
On Monday's "Mad Money" show, Jim Cramer spoke with Royal Caribbean Cruises (RCL) - Get Report Chairman and CEO Richard Fain, who said that the company is poised for good things as the economy picks back up.
Cramer said he'd buy the stock below $12 a share. On Tuesday, Royal Caribbean closed down 67 cents, or 4.2%, at $15.19.
Cramer said even though he doesn't see
Pepsi
(PEP) - Get Report
going up in the near future, he wouldn't sell the stock here, either.
On Tuesday, Pepsi closed down 31 cents at $49.27.
He did recommend selling
Freeport-McMoRan
(FCX) - Get Report
, however, if it'll make you a profit. He said during the
that he'd sold some for his
charitable trust and was waiting for a 10% pullback to get back in.
Freeport lost $1.87, or 3.7%, to close at $49.11.
As for
JDS Uniphase
(JDSU)
, Cramer was adamant against pick up shares of that stock.
JDS Uniphase fell 17 cents, or 3.5%, to close at $4.76 on Tuesday.
Cramer wanted viewers to wait to buy
Hansen Natural
(HANS)
until it pulls back by 3% to 5%. He said he's "been blinded by the strength of this stock."
On Tuesday, Hansen added 16 cents to $43.61.
He wasn't a buyer of
Ashland
(ASH) - Get Report
, either, saying that it had moved up "so far, so fast." He advised viewers to sell the stock fast if they owned it.
On Tuesday, Ashland gave up 80 cents, or 3.3%, to close at $23.59.
Cramer called
Riverbed
(RVBD)
"one of my tech favorites" and said there was good money to be made with the stock.
On Tuesday, Riverbed closed down 9 cents at $17.56.
At the time of publication, Cramer was long Pepsi.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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