Cramer's Lightning Round - Con Ed Has Bottomed (1/12/09)

Includes: BP, CRM, ED, NAL, OGE, PM, SD, WFC
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday January 12.

Bullish Calls:

Con Edison (NYSE:ED): “I’ve got stocks like Con Ed…it is so obvious Con Ed has bottomed here.”
BP (NYSE:BP): “I am going to buy BP because I want yield.” (NYSE:CRM): “If you are a believer in a high growth stock and if you think we are going to have a strong second half and if you like fabulous management…then I think you should buy…I am a little more conservative. I don’t have a good dividend, I don’t have a recession resistant stock, but I am not going to tell anyone not to buy that stock.”
Philip Morris International (NYSE:PM): “Now you know you got a winner there…I think PM at $41 is a knock down drag out buy right here.”
Wells Fargo (NYSE:WFC), JP Morgan (NYSE:JPM): “There are only two banks I am going to recommend…JP Morgan on the way down and Wells Fargo on the way down.”

Bullish Calls:

New Alliance Bankshares (NYSE:NAL): “It doesn’t have that big yield. Sell, sell, sell. We’ve got to be very careful liking any banks at all. That group has gotten dangerous."
Radio Shack (NYSE:RSH): “Sell,sell, sell. I don’t want anything to do with consumer electronics…let it come in. We can look at it lower later.”
SandRidge Energy (NYSE:SD): “I am going to buy BP because I want yield.”

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