Cramer's Lightning Round - Yahoo Hasn't Lost Its Mojo (12/05/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday December 5.

Bullish Calls:

Yahoo (NASDAQ:YHOO): "Yahoo has a CEO who, for the first time in ages, makes me feel that this is going to come back. I would use any momentary weakness to get into Yahoo. It hasn't lost its mojo, and we use it every day."

Michael Kors (NYSE:KORS): "The fundamentals are strong. People are taking profits. Wait until the last week of December and pull the trigger."

Wells Fargo (NYSE:WFC): "Wells Fargo is levered to housing. Like Morgan Stanley (NYSE:MS), it has done nothing, but I think it has more upside than MS, and it has Warren Buffett's approval, which in my world still matters."

International Paper (NYSE:IP): "Don't start looking, start buying. That is a terrific stock. We are begging this stock to come down to $34, and it won't do it. Buy some small and some more on the way down."

American Electric Power (NYSE:AEP): "I know it is boring. No one really cares. What I like about this stock is the 4.35% yield and limited downside. I say 'Buy.'"

EQT Corporation (NYSE:EQT): "I prefer you to be in EQT (over Cabot Oil & Gas) because it is much better."

Bearish Calls:

Tractor Supply (NASDAQ:TSCO): "I said the other day that I'm backing off a bit, but down here, and it has gotten knocked down badly, it may be okay. Beware; retail is shaky, thanks to our old buddy pal, fiscal cliff."

Cabot Oil & Gas (NYSE:COG): "It is already too high. This thing doesn't come in."

Morgan Stanley (MS): "I have enough problems. Okay, I'm not negative on Morgan Stanley. It is at $16, but I like Wells Fargo more."


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