Cramer's 'Mad Money Lightning Round': This Bud's Not for You
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" Thursday evening: Krispy Kreme(KKD Quote): "Nothing to say. SellSellSell SellSellSell. I gotta get a new button for it." Goldman Sachs(GS Quote): "Unbelievable. Fifty-two week high. You know Jon Corzine [New Jersey Democratic gubernatorial candidate and former Goldman executive] sold a quarter of a billion dollars of the stock ... and it didn't even knock the stock down." Honeywell(HON Quote): "I think you should do a 'mon back*. ... I bet they report an upside surprise. ... I'm sticking my neck out." Anheuser Busch(BUD Quote): "People ain't drinking it anymore. I say you gotta sell it. ... People are drinking Gatorade. They're not drinking beer."
Lightning Round
Bullish Cramer was bullish on Lowe's (LOW Quote), McCormick & Schmick's Seafood Restaurant (MSSR Quote), Ruth's Chris Steak House (RUTH Quote), Sirius Satellite Radio (SIRI Quote), XM Satellite Radio (XMSR Quote), Norsk Hydro (NHY Quote), Chesapeake Energy (CHK Quote), EnCana (ECA Quote), Respironics (RESP Quote), Amerada Hess (AHC Quote), Valero (VLO Quote), Sunoco (SUN Quote), GameStop (GME Quote), Yahoo! (YHOO Quote), Goldman Sachs (GS Quote), Honeywell (HON Quote), United Technologies (UTX Quote), Altria (MO Quote), Lucent Technologies (LU Quote), LSI Logic (LSI Quote), SanDisk (SNDK Quote), PepsiCo (PEP Quote), PPL (PPL Quote), St. Joe (JOE Quote) and Halliburton (HAL Quote). Bearish Cramer was bearish on Home Depot (HD Quote), Outback Steakhouse (OSI Quote), Lone Star Steakhouse & Saloon (STAR Quote), Krispy Kreme Doughnuts (KKD Quote), Montpelier Re Holdings (MRH Quote), ScanSoft (SSFT Quote), Delphi (DPH Quote), Nam Tai Electronics (NTE Quote), Corning (GLW Quote), JetBlue Airways (JBLU Quote), Nortel Networks (NT Quote), Harvest Natural Resources (HNR Quote), Anheuser-Busch (BUD Quote) and Cree (CREE Quote). *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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