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Jim Cramer's Lightning Round

'Mad Money Lightning Round': Load Up on Kraft Foods

Scott Rutt

01/09/09 - 07:52 PM EST
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" Friday evening:

SPX Corp (SPW Quote): "You need the economy to get stronger for that company. It doesn't have a good yield, so I'm on the sidelines."

Kraft Foods (KFT Quote): "I like Kraft for the long term. There are so many of their products that are good trade downs. Every time that one pulls back, I want you to buy more."

Quanta Services (PWR Quote): "I think this is such an Obama play I'm surprised people aren't taking notice. The only company that makes money from upgrading the electrical system is Quanta."

Crosstex Energy (XTXI Quote): "I don't trust the dividend; that's a red flag. I think if you want a natural gas company, you want Anadarko Petroleum (APC Quote). That's the best."

Walgreens (WAG Quote): "No! That whole drug store business has gone to heck. I want you to sell, sell, sell."

Chipotle Mexican Grille (CMG Quote): "Oh come on, an expensive fast food company when McDonald's (MCD Quote) is trading this low? I want you to go buy McDonalds."

Pre-Paid Legal Services (PPD Quote): "This is supposed to be recession resistant, but I don't trust the business model. I want to stay away from that one."

Ingersoll-Rand (IR Quote): "No, no. The quarter's going to be bad. I think they're going to have a disappointing quarter and you're going to be able to buy it lower."

AK Steel Holding (AKS Quote): "I've got Nucor (NUE Quote) that's moved up too much, otherwise I'd recommend that one. But AK Steel does not intrigue me. I don't want you touching that one. "

Allied Capital (ALD Quote): "What an opportunity to sell, sell, sell. The last thing we need is a leveraged financial. "

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

*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.


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