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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 from the University of Southern California in Los Angeles:
: "The price cut with (
iPhone I think is a good thing for AT&T ... but it doesn't really drive AT&T's earnings. ... Great yield, stock under 40 for the first time since spring. ... comes down to 37, we're gonna have to back up the truck.*"
: "My bad. Stumped. ... A total Trojan embarrassment," Cramer said when he didn't have an answer about the stock. ... I have been "pantsed" by the New Market and I will have to come back next Monday with the answer."
: "I like
: "Needs rates down. If you want to buy Ford, you buy the Ford preferred, not the common. You see
at 28 today? Got to be careful."
: "They have to hire thousands and thousands of people
to keep up with their expansion. ... Growing at 4% ... too expensive. Doesn't get cheap" until it gets to the low 20s, Cramer said.
: "Rest of world play. Not a housing play. One of the greatest American manufacturers. ... I think the sellers are misinformed."Cramer owns Caterpillar for his
Action Alerts PLUS charitable trust.
: Cramer said he's been critical of the CEO "because he can't seem to grow earnings without doing acquisitions."
: "People want the next
all the time. ... It is not Jamba Juice."
: "Stalled here. ... Monster brand. I expect some selling to come in, and after the selling, then you pull the trigger."
International Game Technology
: "So cheap on 2009 earnings. I own it for the trust. ... I think gambling is one of our greatest exports. Also like
*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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At the time of publication, Cramer was long Caterpillar and McDonald's.
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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