Cramer's 'Mad Money Lightning Round': Take State Street
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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:
Vasco Data Security (VDSI): "The quarter was bad. It got absolutely hammered. ... Let's hold it to the mid-$20s."Melco (MPEL): "SellSellSell. ... I don't even like Las Vegas Sands (VDSI), which we caught a double in over a two-year period. ... I am done with those stocks." Albany Molecular (AMRI): "It's a speculative play in a market where I like Covance (CVD)." State Street (STT): "The shorts were jumping all over it. ... State Street and Bank of New York (BK): two that did not screw up and deserve to be rewarded." Spectra Energy (SE): "I would use that pullback. ... It seems like a great story ... I don't know why it's down so much... I would buy it hand over fist." Horsehead Holding (ZINC): "The worldwide recession fears came. ... I would not sell it down here. ... I don't want to give up on ZINC." International Game Technology (IGT): "I know the quarter was good. ... The wind is out of the sails on the gaming business. ... I think we've reached the outer limits." Southwest (LUV): "I have only momentarily recommended Continental Airlines (CAL). ... I do not want to own an airline stock."
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