Cramer's 'Mad Money Lightning Round': Toyota Cruising
To see the 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" Thursday evening: Toyota Motor: "Fifty-two-week high today. It's going higher. I'm raising my price target from 115 ... to 125." SVB Financial: "West Coast equivalent of Commerce Bank. ... I'm blessing two thumbs up." International Game Technology: "I think it goes to 45." Brocade: "I think Brocade is going to have a monster quarter." Callaway Golf: Cramer said get out of ELY and go into FO (Fortune Brands). Illinois Tool: "I say Triple M [3M] rocks and ITW must be bought on this pullback." Schering-Plough: "I am not losing faith in [CEO] Fred Hassan." Pain Therapeutics: "Step up to the plate and buy Penwest" instead." Lucent: "I bless you to ring the register and take the gain." Denbury Resources: "You happen to own one of the absolute best oil and gas companies out there. May I throw in ... Birch Mountain Resources?" PortalPlayer: "This thing has become a real crybaby stock. ... I'm scared of it. I think I'd ring the register even down here." Costco: A much better-than-expected quarter. Costco and Starbucks are the two companies that embrace my Trotskyite pro-worker" play.
Lightning Round
Cramer was bullish on Toyota Motor(TM Quote), SVB Financial Group(SIVB Quote), ZymoGenetics(ZGEN Quote), Myogen(MYOG Quote), International Game Technology(IGT Quote), Brocade(BRCD Quote), Fortune Brands(FO Quote), Illinois Tool Works(ITW Quote), Schering-Plough(SGP Quote), Denbury Resources(DNR Quote), Birch Mountain Resources(BMD Quote), Costco(COST Quote) and Starbucks(SBUX Quote).
Cramer was bearish on NitroMed(NTMD Quote),
Callaway Golf(ELY Quote),
Novavax(NVAX Quote),
Parlux Fragrances(PARL Quote),
Pain Therapeutics(PTIE Quote),
PortalPlayer(PLAY Quote)
and
Lucent(LU Quote)
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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