Cramer's 'Mad Money Lightning Round': Stick With Nordstrom

05/24/06 - 07:42 PM EDT

TheStreet.com Staff

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" Wednesday evening:

Microsoft: "Vista [operating system] is on time. ... I say one thumb up, but a cautious thumb."

BHP Billiton: "It's up so much that I felt like I had to recycle" into some lower-priced plays.

XM Satellite Radio: "Until Sirius Satellite ... merges with XM, I say ixnay on the XMnay."

Delek U.S.: Cramer called Delek an "admixture" of Pantry and Valero, but prefers the latter two stocks.

J.W. Nordstrom: "You would think with the number of shoes I purchased there this weekend, it would be going higher. ... Do not panic, ignore the train wreck," Cramer said of the fancy retailer, which is trading at 16 times earnings.

Carpenter Tech: "I think that the stock is not safe until it gets [down]to 70."

Abercrombie & Fitch: "Like the Nordstrom's, another retailer that reported an incredible quarter ... Too cheap to throw away."

NYSE Group: "I think it's a steal (the deal with Euronext). I'm blessing the transaction," but it doesn't mean you should own the stock.

Level 3 Communications: "You do a little schnitzel out of LVLT and you get into Qwest."

Southwestern Energy: "We can't do a 'mon back* on anything in the oil patch. ... except buy a little on the way down."

Eastman Kodak: "...is not to own here. I need you to sell it. If you want to own any Eastman, you should own Eastman Chemical."

Lightning Round

Cramer was bullish on Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks), The Pantry(PTRY Quote - Cramer on PTRY - Stock Picks), Valero Energy(VLO Quote - Cramer on VLO - Stock Picks), Nordstrom(JWN Quote - Cramer on JWN - Stock Picks), Abercrombie & Fitch(ANF Quote - Cramer on ANF - Stock Picks), Qwest(Q Quote - Cramer on Q - Stock Picks), Southwestern Energy(SWN Quote - Cramer on SWN - Stock Picks) and Eastman Chemical(EMN Quote - Cramer on EMN - Stock Picks).

Cramer was bearish on XM Satellite Radio(XMSR Quote - Cramer on XMSR - Stock Picks) Delek(DK Quote - Cramer on DK - Stock Picks), Carpenter Technologies(CRS Quote - Cramer on CRS - Stock Picks), NYSE Group(NYX Quote - Cramer on NYX - Stock Picks), Level 3 Communications(LVLT Quote - Cramer on LVLT - Stock Picks), and Eastman Kodak(EK Quote - Cramer on EK - Stock Picks).

*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.

At the time of publication, Cramer was long BHP Billiton and Microsoft.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell
Submit Privacy Policy

Premium Stock Ideas