Market Overview

Mad Money Lightning Round: Cramer Advises Investors To Buy Kinder Morgan Energy Partners

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Lithia Motors Inc (NYSE: LAD) is “way too speculative for you. I'd go with Carmax (NYSE: KMX) or with AutoNation (NYSE: AN)."

For Kinder Morgan Energy Partners (NYSE: KMP), Jim said, "People didn't like the secondary. I say that's nonsense, I say buy, buy, buy."

Cramer advises investors to sell Valero Energy (NYSE: VLO). He added, “We don't want to own any refiners right now."

For Alcoa (NYSE: AA), he said, "I'm a believer. I remain a buyer. It's an awful acting stock, though."

Jim said that Estee Lauder (NYSE: EL) “fits the barbell thesis; they cater to the high end. I'd be a buyer."

For Micron Technology (NASDAQ: MU), Jim said, "That trade is over and we're not looking back. Sell, sell, sell."

Cramer likes Cheesecake Factory (NASDAQ: CAKE). He added, “I'd be a buyer with raw costs coming down."

For Johnson Controls (NYSE: JCI), Jim said, "I think if there wasn't an auto bear market I'd be a buyer. I think it's stalled here."

He believes that HCA Holdings (NYSE: HCA) has “got a lot of growth. I'm a buyer."

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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