Cramer's Lightning Round - Avoid-ING Financials (1/27/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday January 26.

No Bullish Calls

Bearish Calls:

Comcast (NASDAQ:CMCSA): “I think the market is not in the mood to pick up a cable stock beyond the basic…I believe there is no great reason to own CMCSA.”
Genentech (Private:DNA): “I think DNA is played out…let’s catch the next one.”
DryShips (NASDAQ:DRYS): “It’s going to be a long cycle… it is just very hard to recommend the shippers, and every time I have done it at this lower level, I have been hurt.”
Applied Materials (NASDAQ:AMAT): “I think that is an opportunity to sell, sell, sell same goes for Lam and KLA.”
Lam Research (NASDAQ:LRCX), KLA Tencor (NASDAQ:KLAC)
AXA (AXA): “I regard the dividend as a red flag. I am concerned when I see these huge dividends in financials. Even though I think it is a great financial, I am wary of it.”
Force Protection (NASDAQ:FRPT): “The stock is low enough, but I can’t see a reason to pull the trigger.”
ING (NYSE:ING): “It’s got that accidental high yield of 26%. That is too big. It’s a European bank. I fear the Europeans will ultimately nationalize banks. So I am not going to recommend it.”

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