Cramer's 'Mad Money Lightning Round': BioCryst Pharma

09/06/06 - 07:38 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:

P.F. Chang's China Bistro(PFCB Quote - Cramer on PFCB - Stock Picks): "Too risky for me. ... It's going lower." Cramer suggested Yum! Brands(YUM Quote - Cramer on YUM - Stock Picks) with its KFC and Pizza Hut franchises.

CSX(CSX Quote - Cramer on CSX - Stock Picks): "Michael Ward, an excellent CEO. Up against the cyclical headwinds." ... Cramer said the stock is "just dirt cheap, and when the Fed cuts, it will be a buy." But for now, "Don'tBuyDon'tBuy."

Nike(NKE Quote - Cramer on NKE - Stock Picks): "May be putting in a bottom here. I think both Under Armour(UARM Quote - Cramer on UARM - Stock Picks) and Nike are SellSellSell."

"Corning(GLW Quote - Cramer on GLW - Stock Picks) has bottomed. ... I want to pull the trigger on Corning if it ever gets back to [20]."

Norfolk Southern(NSC Quote - Cramer on NSC - Stock Picks): "Until the Fed cuts interest rates, you are dwelling in the House of Pain. And there are no exits."

Intel(INTC Quote - Cramer on INTC - Stock Picks): "Gonna come back strong. ... Probably goes to 22."

Nucor(NUE Quote - Cramer on NUE - Stock Picks): "Nucor just announced a special dividend. Nucor and Freeport(FCX Quote - Cramer on FCX - Stock Picks) are the great dividend plays."

Color Kinetics(CLRK Quote - Cramer on CLRK - Stock Picks): "This is a $300 million market cap company, and I've been shying away from those," because they're not working, Cramer said.

Redback(RBAK Quote - Cramer on RBAK - Stock Picks): Cramer said the Finisars(FNSR Quote - Cramer on FNSR - Stock Picks), Redbacks, Conexants(CNXT Quote - Cramer on CNXT - Stock Picks) and Cienas(CIEN Quote - Cramer on CIEN - Stock Picks) have to be sold because Cisco(CSCO Quote - Cramer on CSCO - Stock Picks) is back, and like Gandhi, it's bigger than ever.

BioCryst Pharmaceuticals(BCRX Quote - Cramer on BCRX - Stock Picks): "It's not a Cape Canaveral countdown," Cramer said, recounting the stock's move down. "It's just a bad stock."

Michaels Stores(MIK Quote - Cramer on MIK - Stock Picks): "Are you an arbitrager? ... I want you to sell that right now."

Lightning Round

Cramer was bullish on Yum! Brands, Ford (F Quote - Cramer on F - Stock Picks), Corning, Intel, Nucor, Freeport and Cisco.

Cramer was bearish on P.F. Chang's China Bistro, CSX, Nike, Under Armour, Norfolk Southern. Color Kinetics, Redback Networks, 3M (MMM Quote - Cramer on MMM - Stock Picks), BioCryst Pharmaceuticals and Michaels Stores.

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

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.

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