Mad Money Lightning Round: Cramer Shares His Thoughts On PANL, CWG, DNDN, GOOG, BIDU, YHOO, LANC, ITUB, BMO
May 20, 2010 Uncategorized
Jim Cramer said on CNBC’s Fast Money that he would like to see his fans in the stocks that have a low risk. He thinks that it would be wise to sell Universal Display Corporation (NASDAQ: PANL) and buy Corning Incorporated
(NYSE: GLW). Universal Display (PANL) gained 0.56% today, while Corning (GLW) dropped 2.77%.
Cramer recommends Dendreon Corporation (NASDAQ: DNDN). He thinks this stock is highly speculative, but Dendreon (DNDN) has a vaccine for prostate cancer and Cramer thinks that it could go up to its 52 week high. Dendreon Corporation (DNDN) dropped 2.19% today.
Mr. Cramer likes Google (NASDAQ: GOOG), but he can’t recommend a company that has said no to China. He prefers Baidu, Inc.(ADR) (NASDAQ: BIDU) and Yahoo! Inc. (NASDAQ: YHOO). Google (GOOG) fell 0.79% today.
Lancaster Colony Corp. (NASDAQ: LANC) is oversold, thinks Cramer. He added that he sees a buying opportunity in this stock. LANC gained 0.92% today.
Cramer is bearish on Itau Unibanco Banco Holding SA (ADR) (NYSE: ITUB) because rates are going up in Brazil. He prefers Canadian banks and recommends Bank of Montreal (USA) (NYSE: BMO). BMO added 0.34% today, and ITUB fell 5.51%.