Cramer Bets Big on Cisco and Cheniere
Jim Cramer made his final trades for the week on Friday, and he revealed that he is buying Cisco Systems (CSCO) and Cheniere Energy (LNG).
Cramer said that Cisco has a strong balance sheet and a dividend yield of 3.2%. He believes that the company's stock price will increase due to its growth in cloud computing.
He also mentioned Cheniere, which he thinks is undervalued. Cramer noted that the company has a strong position in the liquefied natural gas (LNG) market and has a 10-year agreement with Glencore Plc to supply LNG to Europe.