Jim Cramer's Lightning Round
'Mad Money Lightning Round': Get Off CSX
TheStreet.com Staff
06/11/08 - 07:23 PM EDT
To see the full "Mad Money" Recap, please
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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening:
CSX Corp (CSX): "I praise CEO Michael Ward. This is one of the finest railroads out there. But I can't recommend the stock because of the hedge funds trying to remove him. They make me sick."
Royal Bank (RBS): "I have to tell you, I wouldn't touch this one with a 10-foot pole. There is nothing there and I do not want to own Royal Bank."
Molson Coors (TAP): "This is very controversial. I was wrong that
Anheuser-Busch (BUD) should be sold, but I've been right that Molson should be bought."
Washington Mutual (WM): "This is one of the worst run companies I have ever seen in my entire life. I cannot say what will happen to that company because I'd probably get in too much trouble. "
Home Depot (HD): "Oh boy. No, I don't want you to buy this one. The only retailers I like are
Costco (COST) and
Wal-Mart (WMT) here. I can't tell you to buy Home Depot."
Onyx Pharmaceuticals (ONXX): "I liked this one, then I didn't. No, I wouldn't touch it here."
Hudson City Bancorp (HCBK): "I like Hudson City, but I'm not recommending a single financial stock here. They are all being brought down by home equity right now. It's too hard."
Trina Solar Ltd (TSL): "This is a Chinese solar play and I've been very negative on every solar stock lately. I prefer wind power over solar. Solar is just too dangerous."
Intercontinental Exchange (ICE): "Every single financial exchange is trading down and ICE is no exception. They are trapped and I can't get behind them here."
Energy Conversion Devices (ENER): "I missed this one, my bad. That's battery technology and that's one good alternative energy stock. "
*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.