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Cramer's 'Mad Money Lightning Round': Dig Wells Fargo

The bank is a good house in a bad neighborhood, Cramer says.

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" Wednesday evening:

Allegheny Tech

(ATI) - Get Allegheny Technologies Incorporated Report

: "Listen: we're done with it. SellSellSell. ... I don't like ATI here. ... I say ATI, be careful."



: "I don't like ... that part of the business anymore. I happen to like Thomson as a product, I like



as a product. ... Because I'm a gentleman, I'm not going to mention Murdoch or Fox (

News Corp.

(NWS) - Get News Corporation Class B Report

, but that's the competition I'm worried about."

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TheStreet Recommends

(RTN) - Get Raytheon Company Report

: "If this stock goes below $60, I gotta pull the trigger. ... I want to be a buyer of Raytheon." Cramer owns Raytheon for

Action Alerts PLUS.


(C) - Get Citigroup Inc. Report

: I have faith in Vikram

Pandit, CEO. I think he will undo just about everything Chuck Prince did to that company. ... And I think if he would just just say point blank, 'We're going to sell enough to pay for the dividend,' ... You have three down, 10 up."



: "Too hard! ... Sandisk is a commodity. ... There are too many companies that want to shoot up against Sandisk. ... I don't wanna be there. SellSellSell."



: "Why should we go in a medical device company there? ... How about three Bs (




Becton Dickinson

(BDX) - Get Becton, Dickinson and Company Report



(BAX) - Get Baxter International Inc. Report

? ... EVVV is too difficult."

Banco Santander


: "I like Santander. ... Here's the problem. The Spanish housing market has overheated. ... This company is so well-run that I think Santander will do great."

Pitney Bowes

(PBI) - Get Pitney Bowes Inc. Report

: "That last quarter was so noxious that. ... I need to see two full quarters before I pull the trigger."



: "Just a fantastic stock. ... At $55 ... I think Onyx could still double from here."

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

: "This is like the beautiful penthouse in just a real bad area. ... Wells Fargo is such a well-run company. ... I want to be bullish on Wells when the Fed comes to its senses."


(ITT) - Get ITT, Inc. Report

: I want you to stay in. ... I think ITT is a company I should focus on for 2008. ... I say we stay with ITT."

*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 Raytheon and Citigroup.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.