Jim Cramer's Lightning Round - Freeport's Feeling the Pain (11/20/08)

 |  Includes: AA, ATVI, FAST, FCX, FDO, FLO, FMC, TEVA
by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday November 20.

Bullish Calls

Teva Pharamceuticals (NASDAQ:TEVA): “I like the pharm sector. It is not financial-oriented…The shekel is the strongest currency in the world because Stanley Fischer who is Minister of Finance in Israel did not screw up. Congratulations to him!
Alcoa (NYSE:AA)

Flowers Foods (NYSE:FLO): “Flowers is a good company. It has restructured. This is the kind of company I like because people still eat bread even as the stocks fall. I ate cat food…”

Family Dollar Stores (NYSE:FDO): “Is one of best performing stocks in the S&P500. If there is one stock that is going up in this environment it is FDO. No one can afford to go to whole foods anymore.”

Bearish Calls:

Fastenal (NASDAQ:FAST): “ is deeply connected to aerospace…Alcoa is better.”

FMC Corp (NYSE:FMC): “This is one of those that still has very strong commodity pricing...this company is doing quite well…but it doesn’t have a good yield and is not trading at cash.”

Freeport-McMoRan (NYSE:FCX): “Pain! It is the most over-owned stock among all the hedge funds. I saw it go from 130 to 17. I am unwilling to buy until I see a bottom…do I feel the dividend is in jeopardy? Yes.”

Activision (NASDAQ:ATVI): “These companies turn out to be discretionary. I am not going to support video games here…I am bearish.”

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