Cramer's 'Mad Money Lightning Round': Oil and Gas Out of Gas
12/07/05 - 07:28 PM EST
TheStreet.com Staff
To see a full "Mad Money" Recap, please click here.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening: "IBM(IBM Quote - Cramer on IBM - Stock Picks) has had a really good move. I say a little schnitzel pullback and then reload, and it goes to par [$100] by the third week in January." Newmont Mining(NEM Quote - Cramer on NEM - Stock Picks): "As much as I like Newmont, I like Goldcorp(GG Quote - Cramer on GG - Stock Picks) better. ... May I suggest you look at Anglo American(AAUK Quote - Cramer on AAUK - Stock Picks)? Petrolio Brasileiro(PBR Quote - Cramer on PBR - Stock Picks): "We have had a remarkable rally in Brazil. ... When it comes to oil, I am now strictly in the ring-the-register camp." Eastman Kodak(EK Quote - Cramer on EK - Stock Picks): "SellSellSell. You get the picture." Connetics(CNCT Quote - Cramer on CNCT - Stock Picks): "An expensive stock. ... I need you to schnitzel (sell) a little." Trex(TWP Quote - Cramer on TWP - Stock Picks): "The best of breed of companies that take old tires and make them into potential wood planks for beach properties. ... You have to ring the register." Chesapeake Energy(CHK Quote - Cramer on CHK - Stock Picks): "I think that Chesapeake has seen its high for the year. ... I would be taking a little bit off the table because I think that oil and gas have seen their high." iRobot(IRBT Quote - Cramer on IRBT - Stock Picks): "Could work its way up to 35, 36. That stock is for me. I admit it's best of breed for the IPO class of 2005." BE Aerospace(BEAV Quote - Cramer on BEAV - Stock Picks): "I nailed that sucker [earlier in the year]. ... Best of breed when it comes to airline seats. Did a 'mon back.* But now it's at a 52-week high. I would actually ring the register a little and let it come back in."
Orbital Sciences(ORB Quote - Cramer on ORB - Stock Picks): "The stock is too risky for this guy. A lot of crybabies when it doesn't work. And then, a register-ringer."
MDU Resources(MDU Quote - Cramer on MDU - Stock Picks): "This one in particular is a natural gas distribution company that I blessed at one time. ... MDU is no longer for me."
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