Better Choices - Cramer's Lightning Round (10/15/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.”
3M (MMM) -- “The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.”

Bearish Calls:

Computer Sciences (CSC) -- “This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- “I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- “You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend."
Allegheny Energy (ATI) -- “No, no, we need that utility to yield more. We've got Duke Energy (DUK) earning 6%. That's the way to go.”
NuStar Energy (NS) -- "I'm not sure I want anything to do with crude pipelines. The ones you want to be in are Kinder Morgan (KMP) and Enterprise Products Partners (EPD)."
Wyeth (WYE) -- "Holy cow, they have just killed that stock. We are not going to recommend that company until it yields 5%. "

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Comments

[MarvinMBA:]

This is a good time to be out of the market. If you are not out already, the market is going to TAKE YOU OUT as the real economy and its negative outlook come into play....so take you choice...out yourself or be taken out as we go to under 5000.....MarvinMBA

2008 Oct 16 12:42 AM

[Socialism c...:]

Cramer can say what he wants about Annaly, but they raised their dividend last quarter...which does not suggest that they have trouble with cash flow. In fact, a steep yield curve is when their model does *best*. I'm more than willing to hang onto NLY with its double-digit yield!!

2008 Oct 16 04:30 PM

[Socialism c...:]

Marvin, do you have anything constructive to say? You just keep repeating your "get out or be taken out" comment on every article! Methinks you went short at the wrong time to do so!! Enjoy the ride up!

2008 Oct 16 04:31 PM

[FreddyB:]

That Allegheny Energy symbol is AYE. ATI is Allegheny Technology.

2008 Oct 23 08:04 AM