Crude Delivery Business Is In Pain - Cramer's Lightning Round (10/11/16)

by: SA Editor Mohit Manghnani


Buy Alibaba near $100-102 with caution.

Book profits on Cabela's.

Stay away from REITs, as interest rates are bound to rise.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Tuesday, October 11.

Bullish Call:

Alibaba (NYSE:BABA): The stock ran up till $110 and then pulled back. It can be bought once it falls to $100-102. Be careful, as the market is erratic.

Bearish Calls:

Cabela's (NYSE:CAB): The deal is done. Book profits.

Overseas Shipholding (NYSE:OSG): The crude delivery business is tough currently.

DDR Corp. (NYSE:DDR): Don't buy REITs, because the rates will go higher soon.

Waddell & Reed Financial (NYSE:WDR): "I don't like the way that they handled some of the more difficult distressed merchandise. I am not suggesting that you buy that stock."

Fortinet (NASDAQ:FTNT): Cramer believed in Fortinet's business until the company preannounced a weak quarter. Money is moving out of the cybersecurity space.


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