Cramer's 'Mad Money Lightning Round': Shorts Overextended on Under Armour

08/20/07 - 07:32 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" Monday evening:

Under Armour (UA Quote - Cramer on UA - Stock Picks): The 37% short interest in the stock is "ridiculous," said Cramer. "This back-to-school season is going to be awesome. I know the stock is up a lot ... but you know what? I am sticking by it. I think that this stock -- and by the way, Crocs (CROX Quote - Cramer on CROX - Stock Picks) -- are two stocks that will go higher."

Atmel(ATML Quote - Cramer on ATML - Stock Picks): "An integrated-circuit play that has been sitting here under $5 for a long time, when I've got terrific stocks such as Texas Instruments (TXN Quote - Cramer on TXN - Stock Picks). ... I'd rather see you in Texas. I'd rather see you in, yes, Analog Devices (ADI Quote - Cramer on ADI - Stock Picks), but more important, I would rather see you in Intel (INTC Quote - Cramer on INTC - Stock Picks)."

Hansen Natural (HANS Quote - Cramer on HANS - Stock Picks): "I have to give it a Don'tBuy, because I can't figure out why it was up today."

American Electric (AEP Quote - Cramer on AEP - Stock Picks): "I think it's a well-run company, but I've got ConEd (ED Quote - Cramer on ED - Stock Picks)," Cramer said, which is a better buy with a higher yield and more upside. "I'm steering you there. I don't want you to buy American Electric."

Terra Nitrogen (TNH Quote - Cramer on TNH - Stock Picks): "I'd rather see you in Deere (DE Quote - Cramer on DE - Stock Picks) or Agrium (AGU Quote - Cramer on AGU - Stock Picks) or, don't forget, Monsanto (MON Quote - Cramer on MON - Stock Picks). Those are better."

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ED was a on 2003-01-24