Cramer's Lightning Round - Pull the Trigger on Defense (12/19/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday December 19.

Bullish Calls:

ICX Technologies (ICXT): “Kind of an interesting defense speculative play on a bit of a spike…how bout if it goes down, we pull the trigger?”
Corning (GLW): “the quarters have been lowered and lowered and lowed, but I think the stock has hit bottom…this is the first time in a long time I am recommending Corning…I been afraid of this stock for a long time.”

Bearish Calls:

Ultra Petroleum (UPL): “I think Ultra pet is okay long term because it has the lowest refining cost, but short term, the numbers are going to be diceola (dicey) because of the declining price of natural gas.”
Petrohawk (HK): “I feel that one day these are going to come roaring back..this group is under a severe amount of pressure and will continue because the price of natural gas is going down and not up.”

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Comments

[JOHNLIBattery:]

I think one needs to be careful when assessing the Homeland Defense market. You could see a flatening to a reduction in spending due to the reorganization of HLS, changing direction of policy and financial stress in the government budget.
It could have been a winner in the past (Bush) but it could run into sharp declines in spending under the new administration.

Jan 14 04:39 PM