'Mad Money' Lightning Round: Watch that RIG

05/29/08 - 07:29 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" Thursday evening:

Transocean (RIG Quote - Cramer on RIG - Stock Picks): "You know I've liked RIG, it had a big run, so be careful there. I also like National Oilwell Varco (NOV Quote - Cramer on NOV - Stock Picks), they have a monopoly and they're my favorite."

Harley Davidson (HOG Quote - Cramer on HOG - Stock Picks): "I think Harley has been hit and hit from the weak consumer. I think this is the floor for the stock and I'm almost ready to pull the trigger on that one."

Hologic (HOLX Quote - Cramer on HOLX - Stock Picks): "I think they're getting their arms around what's wrong. I am in the 'don't buy' camp for right now. It's too dicey."

Verasun Energy (VSE Quote - Cramer on VSE - Stock Picks): "Oh man, I hate to be this negative. I don't want you sticking with that one."

UMB Financial (UMBF Quote - Cramer on UMBF - Stock Picks): "This thing sells at twice book and is one of the few regional banks that might be as good as Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks). I'm going to take a closer look at it."


Jim Cramer writes about all the stock trades in his charitable trust for TheStreet.com in Action Alerts Plus. Recent stocks he's traded in this account include Schering-Plough(SPG Quote - Cramer on SPG - Stock Picks), Yamana Gold(AUY Quote - Cramer on AUY - Stock Picks) and Abbott Laboratories(ABT Quote - Cramer on ABT - Stock Picks).

*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.

At the time of publication, Cramer was long National Oilwell Varco.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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