Jim Cramer's Lightning Round

Return to Article

Cramer's 'Mad Money Lightning Round': Calling Lundin

TheStreet.com Staff

Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

Palomar Medical(PMTI Quote) "There is some momentum-seller who will not let up here. ... I think PMGI should be bought." But Cramer says he doesn't advocate backing up the truck* until this seller is done.

Joy Global(JOYG Quote): "Mining equipment ... is a growth area again. .... I want to buy Joy Global right in Goldman Sachs' face," Cramer said in response to the bank's recent downgrade.

LSI Logic(LSI Quote): "Questionable. ... If you want a turnaround semi ... Marvell(MRVL Quote) is the one that has the least down and the most up." Cramer owns Marvell for his Action Alerts PLUS charitable trust.

Ford(F Quote): "I like the management of Ford." But Cramer says swap out of the common stock and pick up the convertible.

Urban Outfitters(URBN Quote): "Moved all the way up from 18 to 26." Cramer said it's time to take profits.

Lundin Mining(LMC Quote): "When I see the incredible froth for a company like Alcoa(AA Quote), I think that Lundin is the heir, the one that will be bought before any. ... I want to back the truck up at $10."

L-1 Identity Solutions(ID Quote): "I think that Bob La Penta ... is building a powerhouse ... Bob La Penta is a bankable man, and I am sticking with him."

CarMax(KMX Quote): "AutoNation(AN Quote) and CarMax are both fabulous, fabulous stocks, and I want to own both of them ... Also like Asbury Auto Group(ABG Quote) and United Auto Group(UAG Quote). ... CarMax is too far behind AutoNation, and you should pull the trigger right now."

Service(SCI Quote): "Has gotten its act back together ... a great growth company. ... A bullish stock."

Level 3 Communications(LVLT Quote): "LVLT is just terrific here ... it is going to be the bandwidth company of the future ... either acquired by a Qwest(Q Quote) or an AT&T(T Quote) or a Verizon(VZ Quote) ... or cash flow positive by the end of the year." Cramer says LVLT remains his favorite under-$7 stock on "Mad Money."

*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.