Cramer's 'Mad Money Lightning Round': Invest in Inverness - TheStreet

Cramer's 'Mad Money Lightning Round': Invest in Inverness

Cramer said this diagnostics company is the fastest-growing in the world.
Author:
Publish date:

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" Friday evening:

Gemstar

(GMST)

: "It had a very big run. Let's not overstay our welcome." Cramer gave it a SellSellSell.

Starbucks

(SBUX) - Get Report

: "I think it's dead money." Don'tBuyDon'tBuy.

PPG Industries

(PPG) - Get Report

: "I want you to pull the trigger on PPG. ... It's a good one." Cramer also likes

Nova Chemicals

(NCX)

.

Millicom International Cellular

(MICC)

: "That is one where, again, ahead of the quarter, maybe don't pull the trigger. If it comes in -- that has fabulous growth." He said that both Millicom and

America Movil

(AMX) - Get Report

are "fabulous companies."

GigaMedia

(GIGM) - Get Report

: "Little too speculative for me. ... I don't see anything that I want to pull the trigger on" there.

Image placeholder title

Rio Tinto

(RTP)

: "No. We're not gonna buy Rio Tinto. It's had a big run. ... It's been terrific, but let's let it come in a little."

Intuitive Surgical

(ISRG) - Get Report

: "I know this sounds ridiculous, but your stock, ISRG, is still going higher. That's how good the quarter was. There's too many people who want in. Why don't you wait until Wednesday before you do any schnitzeling."

General Cable

(BGC)

: "We've been up 30 points since we picked this one from the rubble ... but you know what? It's still a Buy."

Rhodia

(RHA)

is in "major bull market mode. ... You are in a really smart company. They are doing a lot of things right. ... Stay in that. ... I think you're in really, really good shape."

Sara Lee

(SLE)

: "Sara Lee's not that good a company. It's not doing that well. ... Sara Lee is not in a bull market. It's not for me!"

Inverness Medical

(IMA)

: "This is the fastest-growing diagnostics stock in the world." Cramer owns the stock for

Action Alerts PLUS, his charitable trust. "In the midst of the selloff today ... I pulled the trigger and bought some IMA! ... It's got nothing to do with subprime. It's got nothing to do with private equity. It's got everything to do with growth!"

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

At the time of publication, Cramer was long Inverness Medical.

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