Cramer's 'Mad Money Lightning Round': MercadoLibre Bueno
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" Monday evening:
Ultra Petroleum (UPL): "I have to tell you I don't know anybody who's saying to buy these except the buyers. ... Natural gas is hopelessly out of fashion. ... I want you to buy."McGraw-Hill (MHP): Terry McGraw had a lot of good things to say ... but I'm not buying it. ... I wanna wait. I think you'll get paid to wait." DirecTV (DTV): "I have always been shocked that this stock has been as low as it is. ... There's so much competition. ... I don't want to be aggressive. ... I've been buying Discovery Holding (DISCA). They are the only communication TV business that I want to own right now." Broadcom (BRCM): "We have not been fans of Broadcom for many, many years here. ... It's a real competitive marketplace. There's no edge to owning it. ... I don't like the segment ... but I do like Nokia (NOK)." Trimble Navigation (TRMB): "GPS is now too competitive. ... I don't want to touch it. ... I would use any price increase that we get above $70 to sell Garmin (GRMN), too." MercadoLibre (MELI): "The guidance was in line, we obviously wanted a blowaway guidance. We didn't get that. ... I think that you should be on the MercadoLibre secondary. This thing has been down and down hard, and I think it's a mistake. BuyBuyBuy." Apple (AAPL): "It wasn't a great quarter ... the iPod numbers were not what I wanted. ... I'm being much more price sensitive. ... At $120, I will get intrigued by Apple again. ... until then you're not gonna see me pull the trigger." First Solar (FSLR): "I just saw a piece about how First Solar is gonna be hurt by a recession. ... I think First Solar's cheap. ... I would leg in to some ... and I would pull it at the top." Southern Copper (PCU): "No! I do not believe it is a takeover target. ... I do believe it is dirt cheap. ... I am not going to make a big bet on copper here. ... I just think it's gonna be dead money. Don'tBuy." Northrop Grumman (NOC): "Either way, I would own Northrop. ... I also like Boeing (BA) but ... off commercial -- not military. ... I think Northrop Grumman is generating too much cash flow to stay down here. ... I reiterate my recommendation." Clearwire (CLWR): "We doubled down at $15, it got to the mid-$20s. ... We never looked back."
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