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

Includes: CEG, DE, DUK, ED, MO, MRK, ODP, PM, SPLS, WY
by: Miriam Metzinger

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

Bullish calls:

Duke Energy (NYSE:DUK), Con Edison (NYSE:ED)

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

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

Weyerhaeuser (NYSE: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 (NYSE:PM): ” I like PM, but I prefer Altria.”

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


Bearish calls:

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

Office Depot (NYSE: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.”

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