Cramer's Lightning Round - Whirlpool Down the Drain (12/17/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday December 17.

Bullish Calls:

JP Morgan (JPM): “I say bank with Jamie (CEO Jamie Dimon). So maybe it goes down 3 or 4 more points…the Federal Reserve said “by any means necessary.” Go with Bernanke and go with Jamie.”
Colgate-Palmolive (CL): “This is my kind of stock…down from $81 to $62…well-run company, raw costs going down, good play on the weak dollar. Buy right here.”
Andarko Petroleum (APC): “This is holding up better than all the rest of them.”
Wal-Mart (WMT): “It’s the best performing stock in the Dow…we will miss Lee Scott..one of the greatest CEOs.”

Bearish Calls:

Tyson Foods (TSN): “Tyson was the victim of our wrongheaded ethanol policy…CEO Richard Bond came on the show and said margins are going to be pressed….he’s a survivor, but I don’t want you to buy his stock.”
Whirlpool (WHR): “Has gone right down the drain. I don’t like the balance sheet. There’s a lot of overcapacity in the appliance business…too risky to recommend on this show.”
World Wrestling (WWE): “I’m troubled…this stock acts terribly and now it’s yielding 12…that’s a dividend too far…that dividend is a red flag.”
Chesapeake (CHK): “This is a tough one…I think CEO Aubrey McClendon is doing a darn good job, but if you want to be in this game, I like Andarko…McClendon likes debt too much for me.”

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