Cramer's 'Mad Money Lightning Round': Chesapeake Energy's Cheap

08/07/07 - 08:02 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" Tuesday evening:

Chesapeake Energy (CHK Quote - Cramer on CHK - Stock Picks): "The whole complex of natural gas is so ridiculously too low. ... Chesapeake is a great driller. It's got great assets. I believe that natural gas will come back in vogue. ... Chesapeake at $35 ... too cheap!"

Wynn Resorts (WYNN Quote - Cramer on WYNN - Stock Picks): "Macau gambling is for real. ... I like Las Vegas Sands (LVS Quote - Cramer on LVS - Stock Picks), and I like Wynn. ... I still like Wynn. I still like it a lot."

Zebra Technologies (ZBRA Quote - Cramer on ZBRA - Stock Picks): "I think the barcode business has peaked. It's just not that exciting to me. I don't want to be in it."

Apache (APA Quote - Cramer on APA - Stock Picks): "The oils have come down. Apache is one of my favorites. ... It has oil, it has gas, and it's right. It's beaten down, and I would pull the trigger today."

Helix Energy (HLX Quote - Cramer on HLX - Stock Picks): "People do not like the drillers now. ... This is just a very inexpensive stock." But, Cramer said, the best of breed is Schlumberger (SLB Quote - Cramer on SLB - Stock Picks), trading at 17 times earnings.

Shaw Group (SGR Quote - Cramer on SGR - Stock Picks): "Smokin'! A smokin' situation. ... Shaw is on a remarkable run. ... The infrastructure bull market is probably the strongest market on Earth."

Haynes International (HAYN Quote - Cramer on HAYN - Stock Picks): "They didn't report a good quarter. ... Is the aerospace bull market kaput? ... I'm concerned. I think the group is going to be on hold, and the better side is going to be the defensive side right now. But I am reiterating that Boeing (BA Quote - Cramer on BA - Stock Picks) is a buy."

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