is the hottest company in our stock market, bar none," Jim Cramer told his
"RealMoney" radio show listeners Thursday. But he told his first caller that now is not the time to buy.
The gigantic energy drink company's stock was $30 this time last year, and now it sells for $184. Plus, it's only down $17 from its 52-week high.
It hasn't come in enough, said Cramer, adding that he would wait for it to hit $160 or $170 before buying.
He told another caller that
could someday surpass
, but that the stock has been gripped by momentum and is currently falling prey to profit-taking.
Tata Motors has had a huge run higher, so he said that he would wait a day before buying. Plus, he said that it's important not to buy all at once, since you can never be sure that a stock has hit its bottom.
A caller wanted to know about
, a stock that Cramer until very recently owned for his charitable trust
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Cramer said that he sold his entire position in Altria because of Wednesday's "very discouraging analyst meeting." The chief executive talked about how he could not be rushed into splitting the company into three separate divisions, and Cramer had owned the stock in part because he was hoping that this split would come sooner than later.
Plus, the company pays out a 4.3% yield, which had seemed pretty good. But now that the
has raised the overnight lending rate to 5%, you can earn more by holding cash, which has is a fairly no-risk proposition.
He said that he would wait and buy it at lower price if he wants to get back into the stock, but that right now the big cyclical industrial companies are more exciting.
a challenged company that he had problems with when he owned it for
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He said that it has "shafted shareholders in two ways," by missing earnings repeatedly and by selling itself to
for too little money.
is growing at 16%, but its P/E ratio is only 18, Cramer said. Since he would be willing to pay up to twice the earnings growth, he would buy it until the stock price rose to a level where the P/E ratio hit about 30. He said in the drugstores, CVS is good,
is speculative and that
is best of breed.
A caller wanted to know if
would be a good tech name to add to his portfolio.
Cramer said that this is not the right choice because the company is having a bit of a slowdown, even though it's a good play for fast-growing tech areas like wireless video game controllers. The company is also levered to personal computers, and he believes that the PC business is slowing.
He said that a better play is
, which he owns for
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To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Qualcomm.
James J. 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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