Stay Away From Coal Stocks - Cramer's Lightning Round (8/9/18)

Aug. 10, 2018 7:19 AM ETVC, ASXC, ISRG, DUK, AEP, ED, GDOT, SHW, ABBV, BPL, AXON, APTI, ARCH5 Comments1 Like

Summary

  • Cramer is not worried about AbbVie.
  • Axon Enterprise is a buy.
  • The auto parts group is tough.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, August 9.

Bullish Calls

Greed Dot Corp. (GDOT): It's a fintech play that Cramer likes even though the stock is at a 52-week high.

Sherwin-Williams Company (SHW): Book partial profits and let the rest run.

AbbVie (ABBV): "I know there's a lot of bear stories running around. I think that it's good. I know they had one big drug that a lot of people are worried about from the biosimilar situation. I'm not as worried. I think AbbVie's a buy."

Axon Enterprise (AAXN): The stock is heavily shorted, and it has come down. It's a buy at current levels.

Apptio (APTI): They may be the cloud situation for benchmarking.

Bearish Calls

Visteon Corp. (VC): Be careful with the auto parts group.

TransEnterix (TRXC): "I like Intuitive Surgical (ISRG). Let the others come up to be Intuitive Surgical. I don't want to try a new one because they're just too darn hard. I say stick with ISRG."

Duke Energy (DUK): No. American Electric Power (AEP) and Consolidated Edison (ED) are the stocks Cramer prefers.

Buckeye Partners (BPL): Cramer has soured on the pipeline group. Even though it's getting better, there is a lot of hit and miss here.

Arch Coal (ARCH): Cramer said he is not a fan of the coal group.

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Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.

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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