'Mad Money Lightning Round': Schnitzer Steel's Sweet Spot
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:
Schnitzer Steel (SCHN): "You know we like that one. That stock it up, they do scrap. That company is in the sweet spot, you stick with that one."Toyota Motor (TM): "No, you can't own any auto companies; there is too much disarray there. Everybody is having a hard time and I can't recommend any of them." TJX Companies (TJX): "I like TJX. They're executing. They're doing a good job. I like them and Urban Outfitters (URBN) and I'm not backing away." eBay (EBAY): "No, Ebay is up on a spike. That company is not well run well enough to buy when it's up. You have to wait for a pullback." Rofin-Sinar Technologies (RSTI): "I think the industrial side of lasers is the way to go. I like this one." Companhia Siderurgica Nacional (SID): "Oh man, we recommended this one a long time ago. Let me reiterate my buy right here." Iowa Telecommunications (IWA): "No, this is one of those telephone companies, only without the growth. I only like AT&T (T) and Verizon (VZ)." American Capital Strategies (ACAS): "I keep thinking I should recommend this one for its yield, but I think this is a tough one in a recession." Lockheed Martin (LMT): "Oh jeez, why is this one not at a 52-week high? I think you have 10 points coming there. That's a well-run company." Eagle Bulk Shipping (EGLE): "No, I'm going to recommend Frontline (FRO)." Triple-S Management (GTS): "I think this one is a real buy. I think they're a great situation." Bare Essentials (BARE): "No, no. I do not like this one. It crashed and burned. I don't want you in that one." *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.
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