Cramer's 'Mad Money Lightning Round': Tenaris Pipes Up
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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening:
Powerwave: "The stock spikes up and you have to sell it. They're no longer trustworthy. They're not best of breed. Don'tBuyDon'tBuy."Tenaris: "Oil piping is one of the hottest bull markets ... I would start doing some schnitzel buying here. ... Tenaris is best pipeline company in show." Petroleo Brasileiro: "I think PBR at 100 is not as good as PetroChina." Openwave: "I sent my minion out there to take a look at them this week. ... I'm not backing away." Sirius Satellite: "That stock be going nowhere. Don't'ButDontBuy." Goldcorp: "I think you gotta wait for a little more of a pullback. ... These stocks are trying to find a bottom. They're not at the bottom yet. Cramer says the stock is going to 35," and only then would I buy more Gigi." Microsoft: "One of the most ugly quarters I have ever seen. It really did start the tech selloff. ... I would no longer sell Mister Softee; it's just too darn low." Fluor: "Has now pulled back enough and I'm blessing right here." Cramer also recommended McDermott. Pacific Ethanol: "This is a stock that is up, as of today, 300% in one year. ... You, my friend,
Lightning RoundCramer was bullish on Tenaris (TS), PetroChina (PTR), Openwave Systems (OPWV), Votorantim Celulose e Papel (VCP), Fluor (FLR), McDermott (MDR), Pacific Ethanol (PEIX), Crocs (CROX) and Foster Wheeler (FWLT).
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