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

by: Joan Wickham

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 (NYSE: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 (NYSE:CTB) -- " I can't recommend anything having to do with autos right now. I cannot go there."
Sovereign Bancorp (SOV) -- "Sell, sell, sell."
Alcoa (NYSE:AA) -- "Go with Nucor (NYSE: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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