Jim Cramer, portfolio manager of TheStreet's Action Alerts PLUS and host of CNBC's 'Mad Money' says he's holding onto stock of Allergan (AGN), saying the deal with Pfizer (PFE) makes sense. Cramer was asked by a viewer whether it was time to take some profits in Disney (DIS) and he responded that he wouldn't take money off the table ahead of the new 'Star Wars' movie. Cramer also commented on MasterCard (MA) and Visa (V), saying they are both 'great stocks,' and said Starbucks (SBUX) is a stock to own, not to trade. A viewer asked whether it was time to buy Chipotle (CMG), and Cramer responded that people believe the stock is oversold, so it could bounce higher. Cramer also weighed in on chatter that Under Armour (UA) might be interested in buying Lululemon (LULU)and said that Under Armour can go it alone. Other stocks Cramer discussed Monday include Zynga (ZNGA), Navient Corp (NAVI), Agios Pharmaceutical (AGIO), Valeant (VRX), Eli Lilly (LLY), Caterpillar (CAT) and Chevron (CVX). Send your questions to Jim Cramer on Facebook) and on Twitter @JimCramer using #CramerQ.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.