Cramer's Lightning Round - Nixing NYSE (12/3/08)

Stocks discussed in the lightning round session of the Mad Money TV program, Wednesday, December 3.

Bullish Calls:

Barrick Gold (ABX): "I think gold has a place in your portfolio. I don't think it's too early for gold."
Microsoft (MSFT): "It think it's OK…I can't get behind it without some form of catalyst."
RPM International (RPM): "RPM is down way too much. It's boring, but it's a really well run company and it yields 6%. I have to pull the trigger."
Nokia (NOK), Allscripts (MDRX)

Bearish Calls

NYSE Group (NYX): "I've looked at it and I just can't get behind it. I don't want to buy that stock."
First Solar (FSLR):"I have become concerned with the cost of solar with oil down so much. It's getting just too hard."
Cerner (CERN): "We're buyers of Allscripts Healthcare on this show. I like that one a lot more."
Eaton (ETN): "I've been buying Eaton for my trust. It's one of my accidentally high yielders.”
Motorola (MOT): "If you want to buy Motorola, you need to wait until the end of the year. I like Nokia more, though."

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Comments

[User 283977:]

For Miriam Metzinger...
Actually, Jim said that he preferred the GLD 'ETF' over ABX because that cuts out operational worries about specific gold operations.

2008 Dec 04 09:52 AM

[Dan Jacome:]

Cramer should have differentiated b/t CERN and MDRX. They are both Health IT but have different end users and target penetration bases - the smaller names like QSII with exposure to the small physician practices will eventually get picked off

2008 Dec 04 01:36 PM

[Dr A J:]

Poor JIm just can't get on the right side of NYX.He loved it much higher and "can't get behind it " now at bargain prices, a great dividend ,a good cash position and competent management watching expenses and adding new products,not to mention good earnings.I understand Jim's reluctance,once you're thrown from the horse it's hard to get back on.

2008 Dec 04 04:59 PM

[futurestrader:]

Dr A J,

I couldnt agree with you more. This is precisely why I cant stand Jim Cramer. This is the 1 stock that is haunting ol Jimmy, and he is embarrassed to even say buy this thing. At these levels this thing is an awesome deal....I currently have a basis of $65, which at the time I thought I was getting a deal, but looking to add if and when it drops to its lows...I would love to pick up a couple thousand shares at around 15....Dividend would be up around 7%, solid earnings like you said, this thing also has to potential to be right back at a 100$ when things get back to normal....

2008 Dec 06 08:07 AM