TheStreet's Jim Cramer says bank shares will move higher following a Fed rate hike; Target is a name to own; and wait to add shares of Boeing until they dip.
Cramer believes banks will rebound after a Fed rate increase "because numbers have to go higher. Huntington Bancshares is a good bank, but I prefer Wells Fargo (WFC) - Get Report and Bank of America (BAC) - Get Report ," he said.
Chris on Facebook said he's watching Altria (MO) - Get Report and Ulta Salon (ULTA) - Get Report and wants to know whether the rate hike and the "dollar vs. yuan" concern will impact both companies in the immediate term. Cramer believes shares of Ulta could go up to $200, because "it is the fastest-growing retailer in the country." He also says Altria is running a good business and he expects shares to move higher as well.
Patrick on Twitter asks about Boeing (BA) - Get Report after its dividend raise and boosted buyback. Cramer said he'd like to buy Boeing on a dip, because he understands there is a wide-body jet glut, which is not good, but the 737 is "selling really, really well. Boeing on a dip is when you buy, don't just come in and buy it."
Nick asks if Valeant (VRX) is now safe to own. Cramer said it just ran up 13 points and "I don't want to come in now. I don't mind coming in on a Disney now, but it's hard for me to come in and say buy Valeant when I know that Allergan (AGN) - Get Report is now cheaper than Valeant."
Eric on Facebook asks Cramer for his thoughts on Walmart (WMT) - Get Report . Cramer said, "Walmart has basically said, 'not this year.' I prefer Target (TGT) - Get Report , because the expectations are so low and it's in the Action Alerts PLUS portfolio.
Keith asks about Micron (MU) - Get Report , because he initiated a position Monday. Cramer said he likes the company but feels Intel (INTC) - Get Report and Lam Research (LRCX) - Get Report are "much better situations."
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At the time of publication,
, which Cramer co-manages as a charitable trust, was long WFC, TGT, AGN and BAC, although positions may change at any time.