Cramer's 'Mad Money Lightning Round': Pick Up Progressive

08/09/07 - 07:33 PM EDT

TheStreet.com Staff

Perini (PCR Quote - Cramer on PCR - Stock Picks): "It has been hit really ridiculously. ... It's done really great stuff. ... I say let the group come in. ... Perini's a great company."

Invitrogen (IVGN Quote - Cramer on IVGN - Stock Picks): "Very hot stock. ... Does some pretty cool stuff. I'm not going to go away from it. ... My favorite speculative stock in the group is Nastech Pharmaceutical (NSTK Quote - Cramer on NSTK - Stock Picks)."

Cameron International (CAM Quote - Cramer on CAM - Stock Picks): "Oil field services should be working well here. ... This stock was down $4. I like it." Best of breed in the space, Cramer said, is Schlumberger(SLB Quote - Cramer on SLB - Stock Picks).

Expeditors International (EXPD Quote - Cramer on EXPD - Stock Picks): "I've always loved this company. It hit a 52-week high today."

Coach (COH Quote - Cramer on COH - Stock Picks): "I liked the Coach quarter. ... Coach has come down a lot, but I've gotta be careful. I'm not going to pull the trigger."

Titanium Metals (TIE Quote - Cramer on TIE - Stock Picks): "I like Allegheny Tech (ATI Quote - Cramer on ATI - Stock Picks). It's better than Titanium. I've been saying that for years. It's definitely better."

Progressive (PGR Quote - Cramer on PGR - Stock Picks): "The earnings are going to explode for Progressive. PGR is a great stock to own here! ... Progressive is two tumbs up."

Cramer also was bullish on Microsoft (MSFT Quote - Cramer on MSFT - Stock Picks), Schlumberger (SLB Quote - Cramer on SLB - Stock Picks), Prudential Financial (PRU Quote - Cramer on PRU - Stock Picks), MetLife (MET Quote - Cramer on MET - Stock Picks) and AllState (ALL Quote - Cramer on ALL - Stock Picks). He was bearish on Tribune (TRB Quote - Cramer on TRB - Stock Picks).

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At the time of publication, Cramer was long Corning.

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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