'Mad Money Lightning Round': Hold Off on Monsanto
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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" Tuesday evening: Monsanto(MON Quote): I'm concerned. ... stock had a phenomenal run ... concerned you'd be coming in at a level that is too high ... if oil goes under 130, you'll be able to buy Monsanto in the 120s." Freeport McMoRan(FCX Quote): "The most pro shareholder management in the mineral business ... below 115, you got a real gift." Sony(SNE Quote): "Not as bad as it used to be ... really a game play. ... Sony's good ... recommended it in the low 40s. I put it in the Don't Buy camp." Canadian Solar(CSIQ Quote): "I've been recommending First Solar (FSLR Quote). It's a good speculative play." But Cramer says wind stocks and natural gas are his preferred energy plays. Coach(COH Quote): "A timing stock. ... problem with the last quarter was a Japanese inventory issue. ... Now moved up 8 straight points. ... Wait till it goes lower." Cramer prefers Costco(COST Quote). SanDisk(SNDK Quote): "I don't like commodity technology plays. ... SanDisk is a creature of other companies coming in and slashing their margins. ... I like the company's products. ... Only one I'm in favor of is Skyworks Solutions(SWKS Quote)." Apple(AAPL Quote): "Recommended in the 120s. ... We are in a horrible market. Only thing that is working are oil, gas minerals. You should have sold three-quarters of your Apple. The other 25% we're holding onto. No need to sell it because it's the house's money."
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