Cramer's Lightning Round - China's Rebounding, Buy Peabody (12/16/08)

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday December 16.

Bullish Calls:

Gilead Sciences (NASDAQ:GILD): “I do not believe that is a takeover target. I like it because it’s got terrific AIDS portfolio .. even though the stock is up nicely today,…I still think it is very cheap under $50.”
Nike (NYSE:NKE): “Let’s see how Nike does and I might consider buying them instead (of Skechers).”
Nordic American Tanker (NYSE:NAT): “I’m only recommending Nordic American and Frontline.”
Frontline (NYSE:FRO)
Johnson & Johnson (NYSE:JNJ): “It’s been under a huge amount of pressure. I think under 60 this is terrific… the dollar is in bear market mode...that is good for JNJ. I think this is one of the great buys.”
Peabody Energy (BTU): “I believe China is coming back which means you should buy Peabody Energy.”
Bucyrus International (NASDAQ:BUCY), Joy Global (JOYG).

Bearish Calls:

Skechers USA (NYSE:SKX): “I’m not a big fan of Skechers.”
Principal Financial Group (NYSE:PFG): "This stock is moving up. But if all the negatives are still true, then we don't want to own it. I want to hear from the Goldman Sachs analyst who scared us all to death first. "
Netflix (NASDAQ:NFLX): “I have never been right about Netflix…it is one of those things I am not a good call on.”
Genco Shipping (NYSE:GNK): “I like the management…but I am recommending oil tankers.” NAT and Baltic Index has bottomed. I want Frontline too
United Parcel Service (NYSE:UPS): “...problematic because of what Fed ex reported…let’s stay away for now.”
James River Coal (JRC): “President Elect Obama is not a fan of coal and I know that because I have an eye for the obvious. You should buy Peabody Energy, but if you don’t want to play coal, I’d look at BUCY and JOYG.”

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