Cramer's Lightning Round - (10/31/08) Safe as Weyerhaeuser

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday October 31.

Bullish calls:

Duke Energy (DUK), Con Edison (ED)

Merck (MRK): “You should hold Merck it is the most undervalued of all the drug companies…buy buy buy..nine buys.”

Deere & Co (DE); “This thing has gone down precipitously…Deere’s problems are behind it…I’m bullish, but let’s wait for a pullback.”

Weyerhaeuser (WY): “It’s going to be terrific… yields 6%...Everyone’s worried about it because of housing. I think the yield is safe and that is what matters.”

Philip Morris International (PM): ” I like PM, but I prefer Altria.”

Altria (MO): “It's domestic and MO is cheaper with a better yield."

Staples (SPLS)

 

Bearish calls:

 

Constellation Energy (|CEG): “No it’s all done…ring the register.”

Office Depot (ODP): "I think there was a short squeeze there. But even though it's a dollar stock, I want you to sell, sell, sell and pick up the leader Staples.”

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading!

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com