Cramer Doesn't Like DryShips (DRYS); Recommends Frontline (FRO) or Nordic American Tanker (NAT)
Despite a "Don't Buy" recommendation by Jim Cramer on Mad Money last night, shares of DryShips (Nasdaq: DRYS) are trading slightly higher in this morning's pre-market session. The stock is currently up 0.32% to $6.30.
Taking a caller during the "Lightning Round", Cramer simply said hes "not going to go there", referring to DryShips stocks. Instead, Cramer recommended investors pick up shares of either Frontline (NYSE: FRO), on of the largest drybulk shippers by market cap, or Nordic American Tanker (NYSE: NAT).
Notably, shares of Frontline are currently trading up more than 2%, possibly on the Cramer tout.
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