Market Overview

Mad Money Lightning Round: Cramer Dislikes JPMorgan

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Kodiak Oil & Gas (AMEX: KOG) is a “good spec, but it is a spec.” He added, “We're not talking Exxon Mobil (NYSE: XOM), we're talking about a little company here, but it's good."

For JPMorgan Chase (NYSE: JPM), he said, "I don't like the bank group. I'm bearish on the banks."

Cramer said that Vera Bradley (NASDAQ: VRA) “missed the quarter. You need to ring the register and go, go, go."

For Hecla Mining (NYSE: HL), Jim said, "I think that this group is in bear mode. I urge you to buy the SPDR Gold Shares (NYSE: GLD) and not the miners. I don't like them."

Cramer said, "Before the end of the summer, SanDisk (NASDAQ: SNDK) is going to tread water. I think they will have a good back-to-school season, but not before then."

Read more on Jim's Views On Benzinga

Posted-In: Jim Cramer mad money Lightning RoundCNBC Jim Cramer Pre-Market Outlook Markets Media Trading Ideas

 

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