Cramer's 'Mad Money Lightning Round': Time Unkind to Time Warner?
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Here's what Jim Cramer had to say about some of the stocks that callers offered up on the "Mad Money Lightning Round" Wednesday evening:
Conexant (CNXT): "I say Conexant is going to $2.50."
Waste Management (WMI): "Shadow of its former self. A once great company ... That stock has come and gone, and you might as well ring the register."Red Hat (RHAT): "I no longer feel qualified" to advise on the stock, said Cramer, who had flushed it at $18. The stock just hit a 52-week high. Schering-Plough (SGP): "It's the only drug company that's worth buying." Time Warner (TWX): After a big quarter there may not be much more upside, and so "You want to be a publisher? You buy some Scripps (SSP). They've got a business model." Eastman Kodak (EK): "Please exit it. ...They'll let you exit. ... You're not chained to that stock."
Lightning RoundBullish Cramer was bullish on Google (GOOG), Apple Computer (AAPL), Wachovia Bank (WB), Advanced Micro Devices (AMD), Conexant Systems (CNXT), Hansen Natural (HANS), L-3 Communications (LLL), Microsoft (MSFT), Marriott (MAR), Hilton Hotels (HLT), UnitedHealth Group (UNH), Schering-Plough (SGP), Dow Chemical (DOW), GlaxoSmithKline (GSK), Kinder Morgan (KMI), Nabors Industries (NBR), Georgia Gulf (GGC), International Business Machines (IBM) and XTO Energy (XTO). Bearish Cramer was bearish on Shanda Interactive Entertainment (SNDA), TJX (TJX), Northern Trust (NTRS), Waste Management (WMI), Level 3 Communications (LVLT), Intergraph (INGR), PacifiCare Health Systems (PHS), Time Warner (TWX), Eastman Kodak (EK) and Symbol Technologies (SBL).
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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