Jim Cramer's Lightning Round
'Mad Money Lightning Round': Look for Google to Hit $500
Scott Rutt
08/27/08 - 07:16 PM EDT
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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:
Google (GOOG): "Google does down every day and that's wrong. I don't believe it'll stay here long at all. It'll be back to $500 in no time."
Terra Nitrogen (TNH): "This is a fertilizer company and I'm concerned. I don't like that sector right here, I'd trim your position."
Emerson Electric (EMR): "I don't know why this stock is so low. The market is wrong. It's got a lot of divisions that are doing well, I like it."
Ambac Financial Group (ABK): "I have a good call of this one. Their financials are opaque. I think they'll need more capital, but I don't trust them."
Cisco Systems (CSCO): "I bought some for my charitable trust. They've got growth and a buyback. I like it "
GrafTech International (GTI): "I like it. People are throwing this one away, but it's just fallen too low."
Verizon (VZ): "I think this is one of those moments where we have to wait and see. I think you buy some and wait. I want to bank with Verizon."
ACCO Brands (ABD): "No, no, no. I don't want to be there. Ever since they got spun off, I've felt like there's just not enough there."
Cummins (CMI): "Cummins has the cleanest engine; that's all you need to know. They have the best technology. You have to stick with them. "
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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