'Mad Money Lightning Round': Go With Goldman Sachs

Stock quotes in this article: GS , FCX , FWLT , HCBK , FTI , SGP , USB , WFC , AAPL , RIMM , FRO  

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:

Merrill Lynch (MER Quote): "I think Merrill had a big move today, but I stand behind Goldman Sachs (GS Quote), which is still cheaper than Merrill."

Fluor (FLR Quote): "I don't mind this stock, but I'd suggest Foster Wheeler (FWLT Quote) at these levels is pretty darn cheap!"

Penn National Gaming (PENN Quote): "I'm not going to recommend that stock. This market is too hard for that company."

MBIA (MBI Quote): "I don't really care for this group. They did do a big recapitalization, but you need to stick with quality financials. Stick with Goldman Sachs (GS Quote) and Hudson City Bancorp (HCBK Quote)."

Flotek Industries (FTK Quote): "They delayed the filing of their 10K; that's never positive. We're going to recommend FMC Technologies (FTI Quote).

Ford Motor (F Quote): "Own the Ford preferred stock, not the common shares."

GlaxoSmithKline (GSK Quote): "I did a lot of work on this one. I don't see a lot of upside. There's nothing wrong with being paid to wait, but I'd rather be in Schering-Plough (SGP Quote)"

US Bancorp (USB Quote): "I think this one and Wells Fargo (WFC Quote) are both in a position to gain when the next bank goes belly up."

Research In Motion (RIMM Quote): "I think they're having a great quarter. I like this one and also Apple (AAPL Quote) now that it hit $125 a share. "

Dryships (DRYS Quote): "This was up big today, but I like Frontline (FRO Quote). I like their dividend and I'm sticking with them."

Cornell Companies (CRN Quote): "They lost a big contract. I didn't like that. I don't trust this group anymore."

Crocs (CROX Quote): "I'm not a Crocs believer. I think there are too many knock-offs, I don't want to be there. I also don't like American Apparel (APP Quote). I don't like the management over there."

Southern Peru Copper (PCU Quote): "I own Freeport-McMoRan (FCX Quote) for my charitable trust and I'd load up on more of that one if I could. "

Wachovia (WB Quote): "Look, everyone thinks they're going to cut the dividend. I'm not going to go there."

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer was long Goldman Sachs, Schering-Plough, Freeport McMoRan and Foster Wheeler.

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.





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,197.47 1,087.24 2,149.02 34.46
Oil *
76.15
DOWN
93.79
DOWN
11.27
DOWN
17.88
DOWN
0.28
10 Yr
3.45%
SPDR Gold
108.21
-0.91%
-1.03%
-0.83%
-0.81%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services