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Kinder Morgan, AT&T and Edwards Lifesciences were just some of the names in Cramer’s mailbag Thursday. But before he answered his “Mad Mail,” he presented his homework on some other names that popped up recently.
Last Friday, Adam in New York asked about two foreign stocks—Yandex and MakeMyTrip. Cramer has told homegamers to avoid Yandex, the Russian version of Google , since it went public in May and he’s sticking by that call. The company appears to be growing and recently had a strong quarter. However, he’s concerned because when the IPO lockup expires on November 21, many insiders will sell for the first time. “we want to stay on the sidelines until the selling passes,” he said.
The “Mad Money” host called Make My Trip “just to rich for me.” At 62 times next year’s earnings, its way too pricey in this volatile market, but it may be worth coming back to in a less chaotic environment.
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