Cramer's 'Mad Money Lightning Round': Wall Street Playbook

04/25/06 - 07:18 PM EDT

TheStreet.com Staff

To see the most recent full "Mad Money" recap, please click here.

Here's what Jim Cramer had to say about some of the stocks that University of Michigan students offered up during a "Back to School Mad Money Lightning Round" Tuesday evening from Ann Arbor, Mich.:

Cisco: "This will be the quarter that Cisco mounts the comeback ... two thumbs up."

Wachovia Bank: "Reported a good quarter; it was not a great quarter. I am recommending that you ring the register ... and buy some Wells Fargo."

Pacific Sunwear: "If you want to be in that fashion game, I think this is the beginning of a second move in Abercrombie & Fitch."

Royal Dutch Shell: "I would recommend that you sell the Royal Dutch and pick up on the discount ... Occidental Petroleum. And if it breaks 100 ... we're doin' a 'mon back*."

Diamond Offshore Drilling: "I don't like it as much as the one I own for my charitable trust though, which is Nabors."

North American Palladium: Cramer prefers Anglo American.

Dick's Sporting Goods: "I think it's a House of Pain ... and I want to do a triple sell on Dick's."

Lehman Brothers: "Was down 3 today, was a hideous decline. ... My gift to the Wolverines in the room is a triple play: Lehman Brothers, Bear Stearns and Goldman Sachs."

Lightning Round

Cramer was bullish on Cisco Systems(CSCO Quote), Wells Fargo(WFC Quote), Abercrombie & Fitch(ANF Quote), Occidental Petroleum(OXY Quote), Nabors(NBR Quote), GameStop(GME Quote), Anglo American(AAUK Quote), Lehman Brothers(LEH Quote), Bear Stearns(BSC Quote) and Goldman Sachs(GS Quote).

Cramer was bearish on Wachovia(WB Quote), Pacific Sunwear(PSUN Quote), Royal Dutch Shell(RDS.A Quote), BP(BP Quote), Diamond Offshore Drilling(DO Quote), North American Palladium(PAL Quote) and Dick's Sporting Goods(DKS Quote).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

At the time of publication, Cramer was long Nabors Industries and Occidental Petroleum.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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