Jim Cramer's Lightning Round
'Mad Money Lightning Round': Hold Off on Exxon
Scott Rutt
07/09/08 - 07:33 PM EDT
To see the full "Mad Money" Recap, please
click here.
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:
Exxon Mobil (XOM Quote): "I'm still a buyer of Exxon. I can't recommend it here because there's more selling coming, but I'm going to re-recommend it soon."
Gran Tierra Energy (GTE Quote): "I like energy, but remember what I said, energy is going to get pummeled here. It's too early; they're still too hot."
Evergreen Solar (ESLR Quote): "No thank you. The only one I'm staying with is
First Solar (FSLR Quote). I am not ready to pull the trigger on Evergreen, it's just too speculative."
Johnson Controls (JCI Quote): "This is the best house in a bad neighborhood. I can't stand the automotive group, so I can't have you own this stock."
Office Depot Inc (ODP Quote): "I do not like retail. There's only a handful of discounters I like, like
Costco (COST Quote) but that's it. Retail is too hard."
Martin Marietta Materials (MLM Quote): "I like crushed rock, but it's too linked to residential construction. I don't want to own it here."
*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.