Cramer's Lightning Round - NAT's a Natural (12/10/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday December 10.

Bullish Calls:

IBM (IBM): “I would own IBM…they’ve become a service company and I think they are darn good at it. The stock’s at $82. It wouldn’t surprise me to see the stock at $92 at the end of the year. That is what I call an endorsement.”
Nokia (NOK): “Congratulations. If you bought Nokia at $12, that’s great. You might have to wait 18 months to get the next 2 or 3 points. I do not want you to trade it, but I think you should own it for the dividend. I don’t like cell phone stocks here, but if you are getting paid to wait and you are up on it, let’s hold onto it, but don’t buy more.”
Monro Muffler (MNRO): “I’ve been recommending Munro Muffler…it is up $1.39 today, but down 20% from its 52-week high.”
Lockheed Martin (LMT), Northrop Grumman (NOC): “If you want a pure defense play, I’d rather see you in LMT or even better NOC, an accidental high-yielder at 4%.”
AeroVironment (AVAV): “We’ve been recommending AeroVironment…that has been an unbelievable win since we bought it in a tough market.”
Nordic American Tanker (NAT): “I feel terrific about that stock. If you are going down then the next step is Frontline.”
Frontline (FRO)
Andarko (APC): “It’s the cheapest and has the most room to run.”

Bearish Calls:

Autozone (AZO): “an intriguing name ..the stock has had a real ramp. I don’t necessarily want to touch it.”
General Dynamics (GD); “GD is down a huge amount and people feel they are going to cut their airplanes.”
El Paso (EP): “I am shocked that that stock is so low. I can’t believe it hasn’t rallied with the other natural gas plays. It did do a huge bond deal it paid a fortune for and people are perplexed about how much it had to borrow. I’d send you to Andarko.”
Diana Shipping (DSX): “It’s NAT….Ixnay on Diana.”

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