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Cramer's 'Mad Money Lightning Round': Clear Sailing With Transocean

09/27/07 - 07:42 PM EDT

CELG (Action Alerts PLUS PICK) JCP RIG SLB TGT UA VMC X

TheStreet.com Staff
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" Thursday evening:

China Precision Steel(CPSL - Cramer's Take - Stockpickr): "This is probably the only bad China stock. ... I prefer AK Steel(AKS - Cramer's Take - Stockpickr), Reliance Steel(RS - Cramer's Take - Stockpickr) and most of all, United States Steel(X - Cramer's Take - Stockpickr)."

Heelys(HLYS - Cramer's Take - Stockpickr): "My friend, you have no edge whatsoever. Heelys is a broken stock and a broken company. ... There is no reason whatsoever to own Heelys, especially now that Under Armour(UA - Cramer's Take - Stockpickr) is down."

Alcan(AL - Cramer's Take - Stockpickr): "That deal is almost done, you're in the 90s, you're being greedy. Remember, bulls make money, bears make money, hogs get slaughtered. ... I want you to hang up now and SellSellSell."

China BAK Battery(CBAK - Cramer's Take - Stockpickr): "That stock be sizzlin'! ... The China market is going nuts. ... The two, the aluminum company [Alcan] and this one, they keep going higher. ... All I know is if you are greedy on these, you will be annihilated."

Target(TGT - Cramer's Take - Stockpickr): "This is a total consumer play. It happens to be better run than Wal-Mart(WMT - Cramer's Take - Stockpickr), better run than Macy's(M - Cramer's Take - Stockpickr), better run than Kohl's(KSS - Cramer's Take - Stockpickr). ... Problem is I can't think of a catalyst to move it. I'm gonna give you a 'Don'tBuy' because I have a feeling they're not gonna have a good quarter."

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At the time of publication, Cramer was long Transocean.

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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