Cramer's 'Mad Money' Recap: Love Qwest for Growth

Stock quotes in this article: Q , SHLD , LLL  

The L-3 Defensive Play

Cramer said that L-3 Communications(LLL Quote) is one of his favorite defense companies, and he welcomed chief executive Frank Lanza to talk about the company's latest acquisition of TRL Electronics.

Lanza said that TRL is a strategic acquisition to help L-3 expand its work in the U.K. and that this is a reasonably sized company that should help support L-3's work in this area.

He added that organic growth should stay healthy in 2007, but acknowledged that his company can't maintain 40% growth.

Cramer mentioned an analyst report that touched on the fact that Lanza has had some health problems, but Lanza said not to worry about succession. He said that he is recovering well from his recent surgery and that he has no plans to retire.

Lanza added that he has a good bench of seven chief operating officers that should keep things running smoothly should anything happen, and that he has promised his board that he will give them a year's notice if he decides to retire.

Cramer said that this is one of his top defense stock picks.

To view Cramer's interview with Lanza, click here.

Lightning Round

Cramer was bullish on TD Ameritrade(AMTD Quote), Crystallex International(KRY Quote), Anglo American(AAUK Quote), Joy Global(JOYG Quote), Terex(TEX Quote), Deere(DE Quote), Caterpillar(CAT Quote), Baidu(BIDU Quote), The Pantry(PTRY Quote), Texas Roadhouse(TXRH Quote) and Schlumberger(SLB Quote).

Cramer was bearish on E*Trade(ET Quote), Select Comfort(SCSS Quote), Sirius(SIRI Quote), Wind River Systems(WIND Quote), Goldcorp(GG Quote), CBOT Holdings(BOT Quote), AMR(AMR Quote), Netease(NTES Quote), Expedia(EXPE Quote) and Ruddick(RDK Quote).

For more of Cramer's insights during the most recent Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

Here's your chance to pick the stock you'd like me to feature on my radio show May 25:
AES
ConocoPhillips
EuroZinc
PetroChina
 		Rentech
 Smith Micro

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!
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At the time of publication, Cramer was long Sears Holding and TD Ameritrade.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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