Cramer's 'Mad Money Lightning Round': Not Taken Sirius-ly
To see the full "Mad Money" recap, please click here.
Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round" Friday evening:
Sirius (SIRI): "I'm gonna have to hit "don't buy, don't buy, don't buy. ... I am worried about the September numbers. I think you should be out of Sirius and into XM (XMSR). I know, Stern, Stern, Stern."
Schering-Plough (SGP): "I reiterate that Fred Hassan is the No. 1 CEO in the drug group. If he can't do it, no one can."Wells Fargo (WFC): "I used to be a big fan of Wells Fargo. ... "I am no longer a champion of Wells Fargo. ... The problem here is the Federal Reserve is killing these banks. ... I demand that you ring the register." United Technologies (UTX): "I think the move is starting to be made. ... That stock will not be denied. Very well run and cheeeeeeeeeeeeap."
Lightning RoundBullish Cramer was bullish on Genentech (DNA), Urban Outfitters (URBN), KOS Pharmaceuticals (KOSP), Goldcorp (GG), Ultra Petroleum (UPL), Schering-Plough (SGP), Penn National Gaming (PENN), Statoil ASA (STO), United Technologies (UTX), Amedisys (AMED), Garmin (GRMN), Superior Industries International (SUP), Coach (COH), Cemex (CX) and Microsoft (MSFT). Bearish Cramer was bearish on American Eagle Outfitters (AEOS), Abercrombie & Fitch (ANF), Aeropostale (ARO), Sirius Satellite Radio (SIRI), Wells Fargo (WFC), WPT Enterprises (WPTE), Newmont Mining (NEM), Plantronics (PLT), Fleetwood Enterprises (FLE), Independence Community Bank (ICBC), IBM (IBM) and Microtune (TUNE).
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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