Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Thursday May 9.
Reckless Speculative Generals: Tesla (TSLA), Micron (MU), Boston Scientific (BSX), Green Mountain Coffee Roasters (GMCR), Barnes & Noble (BKS). Other stocks mentioned: Microsoft (MSFT), Starbucks (SBUX), Transocean (RIG).
The Dow surged before reversing on Thursday. Cramer is seeing signs of froth, given what kind of stocks were the generals leading the rally. The huge gainers on Thursday included Tesla (TSLA), Green Mountain Coffee Roasters (GMCR), Micron (MU), Boston Scientific (BSX) and Barnes & Noble (BKS). These stocks are either speculative or have sizeable short positions. A movement in the market is defined by the “generals” or the stocks leading the rally. Given the unstable nature of the “generals,” Cramer would be careful going forward, since the move seems volatile.