Cramer's 'Mad Money Lightning Round': Peabody Pleasing

Cramer says the energy company could hit $100 a share.
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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" Friday evening:

Ultra Petroleum

: "Ultra is a winner. I'd buy more right here."

Travelzoo

: "I want you to be very careful. ... One-third of that stock's float is sold short. ... When TZOO delivered a good quarter, there was panic by some of the shorts." But Cramer said "Don'tBuy. ... At 33, I would feel much better."

Peabody Energy

: "It's the best of breed. ... I think par

100 can be a realization for Peabody."

Finisar

: "Has moved up huge ... vaulted from a couple to 5 bucks when it reported its quarter. ... I want to do a 'mon back* on the

Conexant

move." Cramer said wait to see the quarter on Finisar.

Tanzanian Royal

: "We have so many high-quality mineral companies, why do we have to go all the way

down the food chain?" Cramer prefers

BHP Billiton

, which he owns for his

ActionAlerts PLUS chartiable trust portfolio, and

Southern Copper

.

"

Ladish

is in the sweet spot."

Moody's

: "That quarter was the slowest quarter that company has had in two years. ... At this point it's a Don'tBuyDon'tBuy. ... up 2 or 3, SellSellSell."

Amerada Hess

: "Was a great quarter,

Sun Oil

was a great quarter,

Valero

was a great quarter. We are in the crosshairs of the politicians

due to record oil company profits coinciding with high gasoline prices, you gotta lay low. ... any more political speak that takes this stock into the $130s, and then we're there."

Covad

: "Hit its 52-week high today. I need you to sell."

Houston Exploration

: "I think it's headed to 60. ... Two thumbs up, way up."

International Securities

: "I liked this stock 10 points ago. ... I am distinctly now in the Don'tBuyDon'tBuy

camp."

Energy Partners

: "EPL is worth the money. You stay long it. You will not be disappointed."

Lightning Round

Cramer was bullish on

Ultra Petroleum

(UPL)

,

Peabody Energy

(BTU) - Get Report

,

Finisar

(FNSR) - Get Report

,

BHP Billiton

(BHP) - Get Report

,

Southern Copper

(PCU)

,

Ladish

(LDSH)

,

Boeing

(BA) - Get Report

,

Amerada Hess

(AHC) - Get Report

,

Houston Exploration

(THX)

,

Hana Biosciences

(HNAB)

and

Energy Partners

(EPL)

.

Image placeholder title

Cramer was bearish on:

Travelzoo

(TZOO) - Get Report

,

Tanzanian Royalty Exploration

(TRE)

,

Moody's

(MCO) - Get Report

,

Covad Communications

(DVW)

and

International Securities Exchange

(ISE)

.

*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 from his latest book by

clicking here

.

At the time of publication, Cramer was long BHP Billiton.

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."

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