First to Bounce Back - Cramer's Lightning Round (10/21/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, October 21.

Bullish Calls:

Walgreen’s (WAG) -- “This one has been killed by their bid for Long's Drugstores. I think it's a buy down at these levels, but no one else seems to think so.”
Ultra Petroleum (UPL) -- “I’m bullish on Ultra Petroleum. When the natural gas sector bounces back, Ultra Petroleum will lead the way. This is a growth stock.”
World Wrestling Entertainment (WWE) -- “The 9.7% yield is attractive even though the stock isn’t a growth name. I’m bullish on World Wrestling Entertainment. I'm sticking with it.”

Bearish Calls:

Cooper Tire & Rubber (CTB) -- " I can't recommend anything having to do with autos right now. I cannot go there."
Sovereign Bancorp (SOV) -- "Sell, sell, sell."
Alcoa (AA) -- "Go with Nucor (NUE) instead. It has a better dividend & better management. I have trouble with Alcoa, even for the long term. That company has had trouble making its numbers."

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Comments

[Master Blaster:]

Cramer is always "on the money". His show is extremely informative and entertaining. Buying NUE today, probably along with thousands of others.

2008 Oct 22 09:25 AM

[Quant Jock:]

How can you not be bullish on Walgreens? What is wrong with the street that Cramer is alone on this one??? The company is trading at a market cap that is several billion below it's liquidation value. That means the company can declare bankruptcy and the shareholders would get more per share than what it's trading at!!! The company is experiencing a squeeze on its margins which is expected in this economy, but it's turned a profit for 33 or 34 consecutive years now! It has not had any losses and yet Wall Street has hammered this stock as hard as it has the bank stocks with their toxic assets. Seriously Wall Street, get over your panic and get back to reality. This stock is a steal!

2008 Oct 22 09:54 AM

[stockholder:]

I expect oil prices to drop further during the recession, which is expected to last for another 6 mos at least. Natural gas prices will follow that trend, and so will the UPL stock price. I wonder how long would one have to wait to make a profit if buying at today's price.

Or do you see UPL appreciating while oil prices drop?

2008 Oct 22 01:18 PM