Cramer's 'Mad Money Lightning Round': Qualcomm Coming On
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Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round" Wednesday evening:
Qualcomm (QCOM): "Did you hear the bullish stampede ... this great maker of the stuff that is inside your cell phone is just rocking. I'm issuing a 'mon back* right here."
Wal-Mart (WMT): "Don't buy, don't buy, don't buy. It is still a huge bummer to shop there. ... I can't get my kids to go there."XTO Energy (XTO) "is strictly 'mon back material" because its properties will be unscathed by Hurricane Rita. Ashland (ASH): "Why are they giving Ashland away? That's a mistake. I would buy that stock here."
Lightning RoundBullish Cramer was bullish on Qualcomm (QCOM), Chesapeake Energy (CHK), NovAtel (NGPS), Peabody Energy (BTU), Intel (INTC), General Motors (GM), Toyota Motor (TM), XTO Energy (XTO), Parker Drilling (PKD), Ashland (ASH), Lucent (LU), The Southern Company (SO) and GameStop (GME). Bearish Cramer was bearish on Wal-Mart Stores (WMT), Applied Materials (AMAT), Gibraltar Industries (ROCK), AmSouth Bancorporation (ASO), Linear Technology (LLTC), Seagate Technology (STX), Synaptics (SYNA), First Niagara Financial (FNFG), Montpelier Re (MRH), Tempur-Pedic (TPX) and Calpine (CPN). *For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|
|Check back for more of Cramer's Rules|
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