Cigna Is Undervalued - Cramer's Lightning Round (7/12/18)

Jul. 13, 2018 7:13 AM ETNEE, SQM, CI, ESRX, WWE, LRCX, SKX, WST, CLDR, VMW3 Comments1 Like

Summary

  • NextEra Energy is a good growth and yield buy.
  • Hold Skechers USA.
  • Wait for Lam Research to hit 3% yield before buying.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, July 12.

Bullish Calls

NextEra Energy (NEE): This is a growth utility stock with a nice yield. It's a buy.

Cigna (CI): The stock is undervalued after the company's acquisition of Express Scripts (ESRX).

World Wrestling Entertainment (WWE): It's a buy, as the company's subscription-based model is good.

Hold Call

Skechers USA (SKX): It sells at 14 times earnings. Hold the stock.

Bearish Calls

Chemical & Mining Co. of Chile (SQM): It's not an expensive stock, but lithium is not taking off, and hence, Cramer said he cannot recommend it.

Lam Research Corp. (LRCX): "Remember, Lam on the conference call was not that bullish. They talked about the second half not being that great. Now, the stock has come down a great deal. It yields 2.5%, but not until it gets to 3% would I say we've got to buy. I think CEO Martin Anstice is fantastic, but the semi equipment stocks are not the right place to be at this point in the cycle."

West Pharmaceutical Services (WST): Drug delivery stocks don't interest Cramer.

Cloudera (CLDR): Cramer prefers VMware (VMW).

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This article was written by

Mohit is the former Managing Editor for the Breaking News (India team) at Seeking Alpha. Currently working with Benzinga, he was with Seeking Alpha from January 2010 until August 2020. Before joining Seeking Alpha in January 2010, he worked with a start-up equity research firm in the capacity of a Team Leader tracking US company events and results.Born in the U.A.E, he spent most of my growing up years in Dubai. Currently, he resides in Mumbai, India.
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