Jim Cramer's Lightning Round

Return to Article

'Mad Money Lightning Round': Time to Unload Wachovia

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:

Wachovia (WB - Cramer's Take - Stockpickr): "I want you to sell Wachovia as it goes higher. I still can't get behind this stock. Scale out of this one as it goes higher."

LeapFrog (LF - Cramer's Take - Stockpickr): "The only toy companies I like are Jakks Pacific (JAKK - Cramer's Take - Stockpickr) and Mattel (MAT - Cramer's Take - Stockpickr) under $20. Leapfrog hurt me in the past. I think you should sell Leapfrog."

Chesapeake Energy (CHK - Cramer's Take - Stockpickr): "I am recommending this stock any time it comes in. This is the best play on natural gas right now. It's the cheapest company out there."

Onyx Pharmaceuticals (ONXX - Cramer's Take - Stockpickr): "My hope for the future of this company was a takeover bid, but I was wrong. I think this one is a "don't buy""

Westar Energy (WR - Cramer's Take - Stockpickr): "I gotta tell you, a 5% dividend is something I want to own. I continue to endorse any stock that can afford to pay a dividend that high."

BB&T Corp (BBT - Cramer's Take - Stockpickr): "No, that's one I want to scale out of right here. They're a little over-extended here, I want to be out of that stock as it goes higher."

ingli Green Energy (YGE - Cramer's Take - Stockpickr): "Oil is up a lot, First Solar (FSLR - Cramer's Take - Stockpickr) has been my favorite here, but they've had a big ramp. I gotta say "don't buy""

Petrobras (PBR - Cramer's Take - Stockpickr): "This is the kind of stock I like to buy on a downturn. This is the best Brazilian stock out there."

AutoNation (AN - Cramer's Take - Stockpickr): "I don't like this business right here, the economy is not strongest enough here. I'd rather be in Costco (COST - Cramer's Take - Stockpickr) is I'm betting on the consumer."

Dana Holding Corp (DAN - Cramer's Take - Stockpickr): "No, no, anything auto is too hard here. This industry has hurt too many people."

Oracle (ORCL - Cramer's Take - Stockpickr): "I think Oracle is a good company, but if you want software, I like Salesforce.com (CRM - Cramer's Take - Stockpickr) if you've got the stomach for it. "

*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 by clicking here.