Cramer's 'Mad Money Lightning Round': Intel No Longer Downhill Racer

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 on the "Mad Money Lightning Round" Wednesday evening:

Imax ( IMAX): "With the economy shaky, ring the register."

Urban Outfitters ( URBN): "There are two retailers in all of America whose confidence has been unshaken by this period. One is Chico's FAS ( CHS) and the other is Urban Outfitters. You want to own them both."

Corning ( GLW): "My take is Don'tBuyDon'tBuy."

Mine Safety Appliance ( MSA): "I suggest you skip MSA and buy Hershey's ( HSY) right into the Halloween season," Cramer suggested to a caller from Hershey, Pa.

SanDisk ( SNDK): "SanDisk here at this level is good, and below 45 is 'mon back* territory."

L3 Communications ( LLL): "This is the only big broad-brush defense stock that you can own in this cycle."

FMC ( FMC): "This is a company whose technology is the best in the oil patch. ... I say buy!"

Rowan ( RDC): "I say you're gonna have to let Rowan come in a little bit due to news that Norwegian companies are building a lot of oil rigs."

Syneron Medical ( ELOS) "This has got the cellulite buster. This is no dog. ... I would buy ELOS right here."

Vulcan Materials ( VMC): "That stock is good. Two thumbs up."

Pioneer Drilling ( PDC): "Pioneer is very much like Rowan. ... You gotta let that one come in a little."

Millennium Pharmaceuticals ( MLNM): "Horrible pin action."

KeySpan ( KSE): "KeySpan's a 'mon backer. I don't want you to flee just because there's profit-taking."

AMR ( AMR): "Hang up the phone and sell," Cramer told the caller.

Intel ( INTC): "Despite that chart looking like the right face of Mount Everest, we are in base camp. ... I think Intel's done going down. At 16 times earnings with that balance sheet ... I make my stand. "

IntraLase ( ILSE): "That is another House of Painer."

Pike Electric ( PEC): "When it gets back to 16, get really aggressive."

Lightning Round

Bullish

Cramer was bullish on Chico's FAS ( CHS), Urban Outfitters ( URBN), Hershey ( HSY), Progress Energy ( PGN), PNM Resources ( PNM), FPL Group ( FPL), SanDisk ( SNDK), L-3 Communications ( LLL), FMC Technologies ( FTI), Coley Pharmaceutical Group ( COLY), GFI Group ( GFIG), Schering-Plough ( SGP), Syneron Medical ( ELOS), Vulcan Materials ( VMC), Florida Rock Industries ( FRK), Rinker Group ( RIN), Martin Marietta Materials ( MLM), Vertex Pharmaceuticals ( VRTX), KeySpan ( KSE), Intel ( INTC), IntraLase ( ILSE), Pike Electric ( PEC) and Genentech ( DNA).

Bearish

Cramer was bearish on Imax ( IMAX), Corning ( GLW), Mine Safety Appliances ( MSA), Rowan ( RDC), Eli Lilly ( LLY), Merck ( MRK), Pfizer ( PFE), Pioneer Drilling ( PDC), Millennium Pharmaceuticals ( MLNM) and AMR ( AMR).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.


Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules

At the time of publication, Cramer was long Intel.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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