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 Quote): "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 Quote). I know, Stern, Stern, Stern." Schering-Plough(SGP Quote): "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 Quote): "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 Quote): "I think the move is starting to be made. ... That stock will not be denied. Very well run and cheeeeeeeeeeeeap."
Lightning Round
Bullish Cramer was bullish on Genentech (DNA Quote), Urban Outfitters (URBN Quote), KOS Pharmaceuticals (KOSP Quote), Goldcorp (GG Quote), Ultra Petroleum (UPL Quote), Schering-Plough (SGP Quote), Penn National Gaming (PENN Quote), Statoil ASA (STO Quote), United Technologies (UTX Quote), Amedisys (AMED Quote), Garmin (GRMN Quote), Superior Industries International (SUP Quote), Coach (COH Quote), Cemex (CX Quote) and Microsoft (MSFT Quote). Bearish Cramer was bearish on American Eagle Outfitters (AEOS Quote), Abercrombie & Fitch (ANF Quote), Aeropostale (ARO Quote), Sirius Satellite Radio (SIRI Quote), Wells Fargo (WFC Quote), WPT Enterprises (WPTE Quote), Newmont Mining (NEM Quote), Plantronics (PLT Quote), Fleetwood Enterprises (FLE Quote), Independence Community Bank (ICBC Quote), IBM (IBM Quote) and Microtune (TUNE Quote).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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