Cramer Effect Lifts Commscope and Lincoln National

Despite a seesaw session that saw the Dow Jones industrial average finish down 16 points, Jim Cramer’s bullish comments on Commscope and Lincoln National helped lift both stocks. 

Commscope (CTV: 0.00 N/A) rose 3.7% today after Cramer remarked on his Mad Money show that CTV will be a big beneficiary of wireless buildout in China and India and rated the stock a buy. In addition, Cramer predicts an earnings beat for CommScope because of demand in Asia and improving margins as the price of copper falls. 

Shares of Lincoln National (LNC: 24.39 0.00%) rose 3.8% after Cramer admitted that he is confused as to why Lincoln National is getting “smashed” after it just raised capital. “Once they get the money, they’re out of the woods, so you shouldn’t be selling them!”

Goldman Sachs (GS: 116.15 0.00%) gained 1.3% after Cramer noted that Goldman Sachs currently trades at a very low multiple and is cheap based on earnings. 

Finally, despite pumping Apple (AAPL: 476.68 0.00%) again on his show yesterday, AAPL’s shares fell 2%. Evidently expectations for a rally following Steve Jobs return to work don’t appear to be materializing.