Take Profits in Best Buy (BBY) -Cramer

During the Lightning Round on Friday's Mad Money, Jim Cramer was bullish on only a few stocks. Electronics retailer Best Buy (NYSE: BBY) was among the numerous Sell recommendations, in light of a strong finish for the stock last week as analysts at Goldman Sachs added the stock to the firm's Conviction Buy list.

Cramer referenced the Goldman move, saying the justification was that Best Buy will see a huge jump in earnings now that Circuit City is in the dumps. However, Cramer could not get behind Goldman as he feels the the consumer is simply "too weak".

Cramer said he would take profits in Best Buy.

Shares of Best Buy are down nearly 7% to $28.26 today. This morning's sharp slide has erased all the gains from last week's Conviction Buy recommendation.

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