'Mad Money Lightning Round': Pick Up SPDR Gold Shares on the Pullback
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NEW YORK (
) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening.
MIPS Technologies
(MIPS)
: "I think you pull the trigger. It's an Internet tsunami name. We can't get enough of those."
SPDR Gold Shares
(GLD) - Get Report
: "I think of gold as a currency. Use this weakness to build up 10% to 20% of your net worth in gold. Buy it on the way down."
Lockheed Martin
(LMT) - Get Report
: "This is a great company, but it's in an industry that in Washington's crosshairs. I can't recommend it, even though it pays a nice yield."
JPMorgan Chase
(JPM) - Get Report
: "
Wells Fargo
(WFC) - Get Report
has more upside. They are the best of the bank stocks, then JP Morgan, then
Bank of America
(BAC) - Get Report
."
--Written by Scott Rutt in Washington, D.C.
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*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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